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NAPA Net Daily

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Uncertainty continues to brew in the land of the qualified retirement plan, as plan advisors weigh their options and consider changing to a new business model — all thanks to the shifting timelines of the new fiduciary rule established by the Department of Labor over the last year.But this... READ MORE
While a majority of plan sponsors report that they are highly satisfied with their plan advisors, a record number are actively looking to switch their advisors, according to new research from Fidelity.Now in its 8th year, the firm’s annual Plan Sponsor Attitudes survey found that 65% of plan... READ MORE
The Labor Department has made its proposed delay in the full application of the Best Interest Contract Exemption till July 1, 2019 official.Less than 48 hours after the Office of Management and Budget (OMB) completed its review of the Labor Department’s proposal to extend the transition period and... READ MORE
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans.A recent call with an advisor in Ohio is representative of a common inquiry involving 401(k) safe... READ MORE
The Office of Management and Budget (OMB) has made a quick response to the Labor Department’s request for a delay in the full BIC applicability date.In an update posted on the OMB site on August 28, the concluded action is noted as “Consistent With Change.” The OMB review, which frequently takes as... READ MORE
Published reports say that President Trump’s top aides and congressional leaders have made “significant strides” in shaping a tax overhaul – and yes, Rothification remains on the table.Politico, citing five sources familiar with the behind-the-scenes talks, reports there is “broad consensus” on... READ MORE
Watching the incredible, heart-rending coverage this past weekend of Hurricane Harvey’s devastation, I was reminded of a personal experience with nature’s fury.It was 2011, and we had just deposited our youngest off for his first semester of college, stopped off long enough in Washington, DC to... READ MORE
The American Retirement Association requested relief on Aug. 29 for taxpayers, plan sponsors and service providers adversely affected by Hurricane Harvey.“At this very moment, the remnants of Hurricane Harvey continue to cause significant damage along the Texas/Louisiana Gulf coasts,” write ARA’s... READ MORE
A recent survey of fairly large plan sponsors suggests that after years of declining, recordkeeper fees plateaued in 2016. What trends are you seeing in recordkeeping fees?For years, recordkeeping services – complex and difficult as they can be to provide accurately and consistently (not to mention... READ MORE
In the next 20 years, more than a million plan participants covered by 114 multiemployer plans could lose pension benefits, according to a recent study.The actuarial consulting firm Cheiron estimates that those plans are underfunded by $36.4 billion — they collectively have assets of $43.5 billion... READ MORE

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