Advertisement
Daily News
NAPA Net Daily
Powered by the National Association of Plan Advisors.
BY John Carl 8/30/2017
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
BY Nevin E. Adams, JD 8/29/2017
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
BY NAPA Net Staff 8/29/2017
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
BY Nevin E. Adams, JD 8/29/2017
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
BY NAPA Net Staff 8/29/2017
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
BY Nevin E. Adams, JD 8/28/2017
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
BY NAPA Net Staff 8/28/2017
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
BY NAPA Net Staff 8/28/2017
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
BY Nevin E. Adams, JD 8/28/2017
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
BY Ted Godbout 8/28/2017
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
Pages
Advertisement
Advertisement
Most Popular
Advertisement
Sign up for The Daily
Recent Comments