A participant suit that had charged violations of both ERISA and RICO has been rejected – for the present, anyway.The suit, filed last August in the U.S. District Court for the Northern District of Illinois, had charged Morningstar, Inc., Prudential Investment Management Services, LLC, and... READ MORE

For the moment, anyway, the Old Line State has stepped back from crossing a line that would have established its own fiduciary rule.On March 19, the Financial Consumer Protection Act of 2018 (MD SB 1068) passed out of the Maryland Senate Finance Committee favorably with amendments just a week after... READ MORE

The title of a new report by the Society of Actuaries poses an intriguing question: “Retirement Adequacy in the United States: Should We Be Concerned?”When all is said and done, the answer from the report’s authors seems to be “it depends.”And, as it turns out, it depends on a lot of things: who is... READ MORE

Retirement plans make an appealing target for cyber crimes – and on April 15, we’ll have a keynote address at the NAPA 401(k) SUMMIT with insights that will help you – and your clients – prepare.Remember the “WannaCry” ransomware attack last year? In the aftermath, the Securities and Exchange... READ MORE

How would you like a copy of the industry’s leading resource on non-qualified plan design and administration? What if it were free?The Plan Sponsor Council of America (PSCA) is currently conducting a benchmarking survey about non-qualified plans. The survey should take no more than 10-15 minutes to... READ MORE

While the fiduciary rule has been in place for months now (BIC full applicability date notwithstanding), and while up until last week the DOL was undefeated in court – well, now we have something else to think about. Sure, it’s all wild speculation, but what do you think will happen next?Last week... READ MORE

Apparently Millennials aren’t the only ones for whom debt can be an impediment to retirement security.A new report from the nonpartisian Employee Benefit Research Institute (EBRI) cautions that while much of the attention to retirement preparedness focuses on asset accumulation in individual... READ MORE

If it’s March, then it must be time for March Madness! Who do NAPA Net readers favor in the Final Four – and who is destined to be the 2018 “Cinderella” team?Well, in the South, UVA topped reader’s picks (as well as the “experts”), garnering 39%, followed by Arizona (21%) – oops, well, that didn't... READ MORE

Want to do something about financial literacy? At the NAPA 401(k) SUMMIT we’ve got a way that you can help – and do something about your own financial wellness as well.It’s the 401k Race for Financial Fitness, and there’s one in Nashville on April 14, just ahead of the NAPA 401(k) SUMMIT.The Race... READ MORE

A participant suit alleging that a recordkeeper’s advice arrangement with Financial Engines constituted a breach of fiduciary duty has been dismissed – again.Plaintiff Lisa Patrico, a participant in the Nestle 401(k) Savings Plan, had filed a class action suit against Voya, the recordkeeper for the... READ MORE

Increases in the number of private equity buyers and the availability of financing, along with market cycle timing and greater motivation to break away, are among the key factors driving record merger and acquisition activity, according to a new report.Echelon Partners’ 2017 RIA M&A Deal Report... READ MORE