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The Oregon Retirement Savings Board (ORSB) now may partner with other states in providing services similar to those offered by OregonSaves, the Beaver State’s state-run auto-IRA program for private-sector employees whose employers do not offer a retirement plan.  Senate Bill (SB) 166, signed into... READ MORE
Our Summer issue highlights NAPA’s annual list of the nation’s top young advisors, as well as a cover story relating nine lessons they have learned about succeeding in the business. You’ll also find feature articles on how independent advisory firms are flourishing in today’s age of consolidation,... READ MORE
  If your clients haven’t started factoring in how much they’ll need to cover health care costs in retirement, a new report might convince them to start doing so. Annual estimates about the potential cost of retiree health care produced by consulting firm Milliman show that a healthy 65-year-old... READ MORE
This week we’ll commemorate Independence Day – but with all of freedom’s lessons, there are certain things that plan committees (still) have in common with the Second Continental Congress. Certainly anyone who has ever found their grand idea shackled to the deliberations of a committee, or who has... READ MORE
Maintaining good health looms large among older adults who say it is the biggest factor in achieving their goals in retirement. In a new survey by UnitedHealthcare, nearly 70% of Americans ages 62 and older said physical health is most important to them as they age, followed by cognitive health (... READ MORE
Paying their children’s expenses while caring for their parents, Gen X families are facing a precarious financial situation as they close in on retirement, a new report explains.   The study by the Employee Benefit Research Institute (EBRI), which examines key financial indicators of Gen X... READ MORE
The U.S. Supreme Court has agreed to take on yet another ERISA case this term. This case – Thole v. U.S. Bank, N.A., U.S., No. 17-1712, certiorari granted 6/28/19 – involves a suit by participants in U.S. Bank’s pension plan who, after the plan fiduciaries alleged mismanagement resulted in $750... READ MORE
Ascensus has entered into an agreement to acquire HR Simplified, a TPA that performs a variety of benefits administration and benefit continuation services. Among HR Simplified’s offerings are HSAs, FSAs, HRAs, pre-tax commuter benefit programs and COBRA administration. It will immediately become... READ MORE
While much has been written about the topic, new research suggests that some common thinking about “gig workers” simply doesn’t hold up. Despite the popular perception that most external workers can’t find a steady full-time job, a large majority of respondents (74%) in a new survey from SHRM and... READ MORE
Many employees continue to struggle with competing financial priorities, prompting 401(k) providers to create solutions through financial wellness programs, but it will require more than educational content, a new report advises. According to research from Cerulli Associates, educational content... READ MORE
In what marked the S&P 500’s best first-half performance since 1997, the average 401(k) balance also turned in a solid performance. According to estimates from the nonpartisan Employee Benefit Research Institute (EBRI), the average 401(k) balance for those aged 25-34 with 1-4 years of tenure... READ MORE
HealthEquity Inc. has agreed to buy WageWorks Inc. for $2 billion to gain more access to the market for health savings accounts. HealthEquity, Inc., which calls itself the nation’s largest HSA non-bank custodian, and WageWorks, Inc., which administers HSAs and complementary consumer-directed... READ MORE
As the end of the second quarter approaches, a reader asked: “How many advisors use webcast platforms for some or all of the quarterly Committee meetings – and how are those received?” As NAPA-Net readers know, there are few things more valuable in your day than time – and so-called “virtual”... READ MORE
In what the firm suggests adds to the body of literature that financial and physical health are intertwined, research unveiled by Prudential Financial found that respondents who take advantage of both benefit types are more likely than others to report lower levels of stress, as well as better... READ MORE
Despite progress made over the last several years, women continue to have a savings gap compared to their male counterparts and are feeling less secure financially, two new studies reveal. According to a recent T. Rowe Price survey focused on the financial behavior and attitudes related to gender... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)… In Madison, Alabama, William Alexander Eckstein, 21, had three friends visiting the home he shared with his parents one recent Friday night… At some point William was... READ MORE
The U.S. House of Representatives approved legislation June 26 that, if enacted, would block the SEC’s newly adopted Regulation Best Interest from taking effect. The Financial Services and General Government Appropriations Act (H.R. 3351) would fund the SEC and a broad range of government agencies... READ MORE
Since the end of last year, total U.S. retirement assets were up 7.4%, reaching $29.1 trillion at the end of the first quarter for 2019, according to new data by the Investment Company Institute. Retirement assets accounted for 33% of all household financial assets in the U.S. at the end of March... READ MORE
Is the Internet Your Friend or Foe? Editor’s Note: This is the last of a three-part series focusing on ways to enhance your digital presence and be seen by more plan sponsor prospects. Part 1, providing tips on using LinkedIn, can be found here; Part 2, on the importance of a mobile-friendly... READ MORE
Mesirow Financial has announced a technology and fiduciary automation solution for broker-dealers to assist with their fiduciary management. Cetera Financial Group has signed on as an initial partner. Launched in response to the needs of the broker-dealer community, Mesirow Financial FAST®... READ MORE
The economic consequence of different defaults in defined contribution plans is significant, according to a new report by the TIAA Institute. In “The effect of default target date funds on retirement savings allocations,” TIAA finds that participants who joined plans post target date defaults tend... READ MORE
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, qualified retirement plans and other types of retirement savings plans. We bring Case of the Week to you to highlight the most... READ MORE
Only plan advisors know how important their local DC wholesaler can be in growing, building and managing their practice. Here’s your chance to tell them how much you appreciate their efforts. We call them “Wingmen” because if they are doing their job, they have your back. And only you know which... READ MORE
While it’s not precisely robbing Peter to pay Paul, a new legislative proposal purports to pay off all student loan debt – with proceeds from a tax that will hit retirement savings. First touted as an effort to limit speculative trading, the so-called financial transaction tax is now being... READ MORE
Spectrum Investment Advisors has announced changes to its top leadership as part of the succession plan: Manuel Rosado has been appointed President; Matthew Demet will be Senior Vice President of Business Development; and Jonathan Marshall will remain as Chief Investment Officer and Chief... READ MORE

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