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BY NAPA Net Staff 8/4/2017
The Labor Department’s fiduciary rule RFI touches on, but does not yet resolve, a key question.A recent blog post by noted ERISA attorney Fred Reish notes that in the Labor Department’s request for information (RFI) on the fiduciary regulation, the DOL asks: “Should recommendations to make or...
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BY Nevin E. Adams, JD 8/4/2017
Last week the U.S. Treasury announced that it was winding down the myRA program, noting that there was “…very little demand for the program, and the cost to taxpayers cannot be justified by the assets in the program.” This week, NAPA Net readers weigh in.Arguably the news caught many in the...
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BY NAPA Net Staff 8/4/2017
The markets may have been heating up in June, but participant transfer volumes were pretty mild, according to the Alight Solutions 401(k) Index.The gauge, previously (and for more than a decade), was previously referred to as the AonHewitt 401(k) Index, found that June was the lightest trading...
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BY Ted Godbout 8/3/2017
Exams of investment advisers by the Securities and Exchange Commission (SEC) reportedly could increase by more than 30% this year, according to Pete Driscoll, Acting Director of the SEC’s Office of Compliance Inspections and Examinations (OCIE).Speaking July 27 at FINRA’s National Compliance...
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BY NAPA Net Staff 8/3/2017
The U.S. Treasury’s winding down of the myRA program will cause at least one state-run retirement program to delay its opening.Washington State’s Small Business Retirement Marketplace – which had hoped to be open for business by Labor Day – will be delayed at least a few weeks, according to a...
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BY Ted Godbout 8/3/2017
Adoption of simplified features in Bank of America Merrill Lynch’s proprietary DC plans, along with making education and other resources more accessible, has fueled steady growth in employee engagement and plan enrollment, the firm reported recently.In Bank of America Merrill Lynch’s 2017 Plan...
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BY Don Trone 8/3/2017
Consider this quote from management guru Ram Charan: “Seventy percent of strategic failures are due to poor execution of leadership. It’s rarely for lack of smarts or vision.” (Execution: The Discipline of Getting Things Done)Can we draw parallels to the retirement industry? When you consider...
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BY John Carl 8/2/2017
The ERISA consultants at the Learning Center Resource Desk, which is available through Columbia Threadneedle Investments, 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 Oregon is...
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BY Ted Godbout 8/2/2017
A new report from the Defined Contribution Institutional Investment Association (DCIIA) contends that leveraging auto features, minimizing money out and helping to eliminate barriers to long-term retirement savings are three key steps that DC plan stakeholders can take to help Americans prepare for...
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BY Ted Godbout 8/2/2017
In a sign that the worst of the financial recession is behind us, Americans reportedly are enjoying their highest levels of personal satisfaction since the fourth quarter of 2006, according to the second quarter 2017 results from the American Institute of CPAs’ "Personal Financial Satisfaction...
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