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BY Nevin E. Adams, JD 9/18/2017
Recent reports indicate a surge in adoption of cash balance plans in recent years, particularly among smaller employers. In this week’s reader poll, we’d like to know what you’re seeing – and doing.The number of new cash balance plans adopted by employers increased by 17% in 2015 – rising to 17,812...
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BY NAPA Net Staff 9/15/2017
The SEC’s Office of Compliance Inspections and Examinations has issued a risk alert highlighting compliance issues with advisers’ communication of performance results, recommendations and accolades.The alert draws on what the SEC says were most frequently identified in deficiency letters recently...
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BY Nevin E. Adams, JD 9/15/2017
A suit that claims two plans paid “approximately $1 million in excess recordkeeping fees in 2014, and again in 2015” has taken another step forward.The lawsuit filed earlier this year in the U.S. District Court in Minnesota alleged that Essentia Health “permitted the Plans’ service providers to...
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BY Nevin E. Adams, JD 9/15/2017
While we know it shouldn’t be all about fees, it’s clear that fees can – and should – have an impact on provider selection.Asked to quantify a basis point differential that might justify changing providers, a quarter of respondents to this week’s reader poll put it in the 10-15 basis point range,...
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BY Ted Godbout 9/14/2017
In analyzing relationships between the age structure of the population and investment returns, the researchers found some evidence that a population with more retirees than workers increases the supply of savings and drives down investment returns, according to a compilation of research reviewed in...
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BY NAPA Net Staff 9/14/2017
A new spending bill introduced in the U.S. House of Representatives contains a sentence that seeks to do away with the fiduciary regulation – with language that some might find eerily prophetic.The bill, which would fund government operations for fiscal 2018, makes a brief, but powerful statement...
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BY Rebecca Hourihan 9/14/2017
Your website, or as we also call it, your “digital storefront,” is the first place most people visit when looking for information about you. Let’s make it HGTV-worthy!Here’s three easily implemented ideas.Cover the Whole ScreenThe most common computer screens are between 20 to 24 inches. Take a...
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BY Ted Godbout 9/13/2017
While more Americans are feeling financially secure compared to five years ago, most significantly underestimate their projected life expectancy, how much they will need to cover health care costs in retirement and how much life insurance they will need, according to new survey results.The survey...
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BY Ted Godbout 9/13/2017
While both men and women overwhelmingly agree they are not saving enough for retirement, their overall savings habits and reasons given for not saving enough appear to be starkly different, according to a new study.MassMutual’s internet-based Middle America Men & Women Finances Study polled 1,...
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BY Ted Godbout 9/13/2017
Similar to the relief it provided last month to victims of Hurricane Harvey, the IRS announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Irma and members of their families.In Announcement 2017-13, the IRS explains...
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