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BY Nevin E. Adams, JD 7/5/2017
The Labor Department may be reviewing the impact of the fiduciary rule, but they’d still like the court to dismiss challenges to it.On July 3 the DOL urged the U.S. Court of Appeals for the 5th Circuit to (mostly) uphold the fiduciary regulation, saying that the plaintiffs in the case – including...
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BY Rebecca Hourihan 7/5/2017
Okay, you just got a referral. What is the first thing you do? I bet you Google them, right? Well, guess what? These prospects are going to Google you, too!Let’s take a digital journey and find out what the wide-open internet says about you.First things first, you need to sign out of your search...
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BY Nevin E. Adams, JD 7/5/2017
The comment period on the fiduciary rule request for information (RFI) is short – just 15 days – and we now know when it begins: Thursday, July 6.Politico Pro reports that the Labor Department plans to publish its request for information on the fiduciary rule in the Federal Register on July 6,...
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BY NAPA Net Staff 7/5/2017
Manning & Napier, Inc. has announced the creation of the zero revenue share collective investment trust fund (CIT).An addition to the more than 25 CITs the firm manages, the newly launched Disciplined Value CIT is offered as a U-class, zero revenue share product with a trustee fee of 0.25%....
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BY NAPA Net Staff 7/5/2017
While they’re not quite as strong as the numbers for the first quarter of the year, there should be plenty to celebrate in this year’s June 30 participant statements.For younger (age 25-34), less tenured (1-4 years) workers, the average 401(k) account balance has risen 21.7% year-to-date (that’s...
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BY Ted Godbout 7/3/2017
After conducting a comprehensive evaluation of health savings account (HSA) providers, Morningstar suggests in a new report that there is much room for improvement in the products that are currently available.Morningstar evaluated 10 of the largest HSA plan providers from the perspective of using...
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BY Nevin E. Adams, JD 7/3/2017
A recent survey found the biggest one-year increase in Roth contribution offerings among its clients in 2016, and another recently chronicled the potential impact of a switch to Roth for 401(k)s. In this week's reader poll, we’d like to know: What are your plan sponsor clients are doing?T. Rowe...
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BY Nevin E. Adams, JD 7/3/2017
Another plan sponsor has been charged in an excessive fee suit – but if the allegations are familiar, the law firm bringing the suit could represent a whole new “class” of litigation.The suit (Barrett v. Pioneer Natural Resources USA, Inc., D. Colo., No. 1:17-cv-01579-WJM, complaint filed 6/28/17)...
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BY NAPA Net Staff 7/3/2017
Cafaro Greenleaf has announced the launch of its new reporting system, which the firm says will allow fiduciaries to have access to the complete documented process of their investment selection and monitoring and provides clients with fiduciary protection.According to the firm, documentation of the...
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BY Ted Godbout 6/30/2017
T. Rowe Price’s Retirement Plan Services unit saw the biggest one-year increase in Roth contribution offerings in its clients’ 401(k) plans in 2016 — up 10 percentage points, to 61% of the plans for which it provides recordkeeping services.Announcing the results as part of its annual “Reference...
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