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BY NAPA Net Staff 9/19/2017
The official numbers are still about a month off, but benefits consultant Mercer has estimated what the benefit and contribution limits for 2018 might be.Changes in those limits are based on the year-to-year increase in Q3 CPI-U (Consumer Price Index for All Urban Consumers), which Mercer says are...
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BY Ted Godbout 9/18/2017
A federal district court judge has granted summary judgement to participant-plaintiffs in a case where plan fiduciaries failed to comply with their diversification elections in an Employee Stock Ownership Plan (ESOP) prior to the company stock collapsing.In the case (Bryant v. Community Bankshares...
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BY NAPA Net Staff 9/18/2017
August brought a notable uptick in 401(k) trading activity among defined contribution plan investors, according to the Alight Solutions 401(k) Index.There were three days of above normal trading activity in August, matching the total number of above normal days from January through July. Ironically...
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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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