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NAPA Net Daily

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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
MassMutual is launching a new website and tools to help financial advisors sharpen their capabilities to support retirement plan sponsors and participants.Home to MassMutual’s practice management tools dedicated to advisors who support retirement plans is a website, titled AdvisorAdvantage+, ... READ MORE
In a written response to a judge in litigation involving the fiduciary rule’s anti-arbitration provision, the Labor Department says the provision will “likely be mooted in the near future.”The letter (Thrivent Fin. for Lutherans v. Acosta, D. Minn., No. 0:16-cv-03289-SRN-DTS, letter to judge filed... READ MORE
Health savings accounts are projected to exceed $60 billion in assets among nearly 30 million accounts by the end of 2019, according to Devenir’s 14th semi-annual HSA survey of the top 100 providers in the market and follow-up research.The report confirms that the HSA market is undergoing... READ MORE
That’s the average amount a 65-year-old couple retiring this year will need to cover medical expenses (in today’s dollars) throughout retirement, according to the latest retiree health care cost estimate from Fidelity Benefits Consulting.Fidelity notes that while the 2017 estimate of $275,000 is... READ MORE
A federal district court has denied motions to dismiss claims of fiduciary breach and engaging in prohibited transactions in violation of ERISA in connection with the cancellation of a group annuity contract (GAC).The case (Dolins, et al., v. Continental Casualty Company, et al., U.S. District... READ MORE
We’ve received another thousand votes over the last week… and the top 10 topics list has shifted…As things stand now, the topic at the top of our unique voting tool tally is… (drumroll)…Serving the small plan space effectively That’s moved up from #4 in last week’s tally.But while there was... READ MORE
Calls for improved financial literacy remain a constant refrain as a means to help assure the nation’s financial security – what do NAPA Net readers think?Let’s start with how early should we start teaching kids about finance. More than 4 in 10 (41%) said between fourth grade and high school, but... READ MORE
A new report finds that recordkeeping, trust and custody fees didn’t drop for the first time since 2010. Then again, they didn’t increase, either.According to the 12th Annual NEPC Defined Contribution Plan and Fee Survey, recordkeeping, trust and custody fees bucked the longstanding trend of... READ MORE
The Department of Labor has removed a regulations project from its previously published DOL regulatory agenda list.The Aug. 24, 2017 Federal Register includes a notice of modification to the Department of Labor (DOL) semi-annual regulatory agenda.That Obama Administration rulemaking would have... READ MORE

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