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Even though retirement plans seem to be (mostly) off the table (for the present), we don’t yet know all that tax reform might bring. In this week's reader poll, we’d like to know – based on what you do know about the tax reform proposals, are you in favor, opposed, or – something else?While... READ MORE
A new excessive fee lawsuit treads familiar ground, but comes from a new direction, and takes on the practices of a multi-employer defined contribution retirement plan for union members.The suit (Ybarra v. Bd. of Trs. of Supplemental Income Tr. Fund, C.D. Cal., No. 8:17-cv-02091, complaint filed 11... READ MORE
UPDATED 12/6/17 at 10:30 a.m. ETAfter a long and sometimes heated debate, the Senate took a major step toward enactment of landmark tax reform legislation, approving its version of the Tax Cuts and Jobs Act (H.R. 1) at nearly 2:00 a.m. Saturday morning, Dec. 2.The bill, as amended by the Senate,... READ MORE
Financial wellness programs provide help to participants in achieving their short-, intermediate- and long-term financial objectives — some of that advice is fiduciary and some is not.A new blog post by Fred Reish explains that while recommendations about repayment of indebtedness, budgeting and... READ MORE
November turned out to be a real month of thanksgiving for average 401(k) balances, which continued to build on a year of strong growth.Among older workers – those aged 55-64 with more than 20 years of tenure (and consistent participation since 12/31/14)– the average 401(k) balance gained 2.0%... READ MORE
A key House Democrat introduced two bills on Dec. 1 that seek to implement automatic 401(k)s and simplify administration and improve retirement savings opportunities across the spectrum of plans, including both DB and DC plans.Rep. Richie Neal (MA), who has been a strong proponent for improving the... READ MORE
Late Thursday, the Senate was nearing the end of debate on its tax reform legislation, but it appears the chamber must first address concerns about the federal budget deficit voiced by certain senators.The Senate began debating H.R. 1, the Tax Cuts and Jobs Act, on Wednesday, Nov. 29, after... READ MORE
Our latest reader poll finds that most NAPA Net readers are concerned about retirement plan cybersecurity. But their plan sponsor clients? Not so much.While more than three-quarters of the respondents to this week’s reader poll said they were concerned about the cybersecurity of the retirement plan... READ MORE
Have you cast your vote(s) for NAPA’s 2017 Top Women Retirement Advisors? Voting closes at midnight.Thousands of votes have already been recorded for the roughly 400 nominees for this prestigious listing in three categories; Captains, All-Stars and Rising Stars.But this will be your last chance to... READ MORE
For years we have heard about the uncovered worker and pondered what we can do to help them save for a successful retirement. In fact, the proportion of workers not covered by the DC system is its major flaw. Additionally, in the past year we have seen a great deal attention focused on a... READ MORE
In the hunt for 50 votes, Senate Republican leaders are floating the idea of increasing the deduction for qualified business income of pass-through businesses from 17.4% to 20% – and that could have consequences for retirement plans sponsored by S Corporation shareholders.The tax reform measure... READ MORE
Nearly 10 years after the financial crisis, many Americans say it had no impact, yet many don’t trust the stock market and plan to work longer than anticipated, new research suggests.According to survey data released by Hartford Funds, 40% of respondents say the financial crisis had no impact on... READ MORE
Portfolio management is once again the top priority for financial advisors, according to the latest quarterly results from the Fidelity Advisor Investment Pulse survey.The survey’s third quarter 2017 results also show that concerns about risk volatility and the equity market level tied for the No.... READ MORE
Legislation has been introduced in the U.S. House of Representatives that would boost the cashout limit for retirement plans, which its sponsors say will help make it easier for small businesses to offer retirement plans.Reps. Tim Walberg (R-MI) and Gregorio Kilili Camacho Sablan (D-Northern... 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 executive compensation arrangements.A recent call with an advisor in Illinois is representative of a... READ MORE
DC plan participants demonstrated an ongoing commitment to retirement saving during the first half of 2017, as the latest recordkeeper data show that most participants maintained their asset allocations and contribution levels.The Investment Company Institute’s (ICI) “Defined Contribution Plan... READ MORE
There’s only one event that advisors in the retirement plan industry consider a “must-attend.”On April 15-17, 1,200 advisors representing more than 175 broker dealers and independent RIAs will join over 150 sponsors and exhibitors for the 2018 NAPA 401(k) SUMMIT & Country Music Festival. This... READ MORE
Sen. Sherrod Brown (D-OH) has introduced legislation that would create a Pension Rehabilitation Trust Fund and a Pension Rehabilitation Administration. He intends the bill to protect pension benefits for retirees in multiemployer DB plans.Brown intends the bill, S. 2147, to protect the retirement... READ MORE
Total fund-level institutional investment management fees were mostly unchanged in 2016 compared to historical observations, new research suggests, running counter to the common narrative describing widespread fee compression across the industry.Callan’s seventh installment of its Investment... READ MORE
An 18-month extension of the transition period for the Prohibited Transaction Exemption (PTE) amendments and applicability dates for the Department of Labor’s fiduciary rule has been finalized.The special transition period under sections II and IX of the Best Interest Contract Exemption (PTE 2016-... READ MORE
First, do no harm. A term commonly applied to the practice of medicine, but a recent blog post by FiduciaryNews’ Christopher Carosa applies it to fiduciary practices.In “Fiduciary Standard Quandary: First Avoid ‘Harm’onization,” Carosa argues that while the DOL fiduciary rule may be fairly... READ MORE
As we all emerge from our turkey-induced food coma, all eyes will now be on the U.S. Senate, as Congress returns this week from its Thanksgiving break to make the final push to approve tax reform by the end of the year.To pick up where we left off, both the House and the Senate Finance Committee ... READ MORE
Today the National Association of Plan Advisors launches our fourth annual campaign to identify the best of the next generation of advisors: NAPA’s “Young Guns.”To be eligible for this year’s list, individuals had to be nominated by a NAPA BD/RIA Firm Partner. As we did last year, to be eligible... READ MORE
Conventional wisdom is that leaving employment and drawing from retirement savings could be a recipe to eventual and inevitable penury. But a recent study begs to differ.In “Spending in Retirement…or Not?” the BlackRock Retirement Institute (BRI) and the Employee Benefit Research Institute (EBRI)... READ MORE
A recent report by the GAO paints a pretty bleak picture of American retirement. Is it accurate?For the most part, the report covered familiar ground, bemoaning the “marked shift” away from the traditional defined benefit pension plan (glossing over how few private sector workers were covered by... READ MORE

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