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In the wake of the Labor Department’s fiduciary rule, a number of providers, notably recordkeepers, are said to be repositioning their service commitments and repapering contracts. How, if at all, is that affecting your provider due diligence?In this week’s NAPA Net reader poll, we’d like to know... READ MORE
A major – and as yet largely unreported – change in the tax reform bill unveiled last week could have a dramatic impact on nonqualified deferred compensation.Section 3801 of the Tax Cuts and Jobs Act provides that an employee would be taxed on compensation as soon as there is no substantial risk of... READ MORE
For a month that has had more than its fair share of market tumbles (including 1929, and the 30th anniversary of the 1987 crash), October turned out to be a “treat” for average 401(k) balances.Among younger (age 25-34), less tenured (1-4 years) workers, the average 401(k) account balance ended... READ MORE
It’s not enough for financial advisors to simply do what they were hired to do — they must continuously nurture the advisory relationship to build trust to improve business outcomes and client retention rates, new research suggests.Being the client’s advocate and acting in his or her best interest... READ MORE
UPDATED NOV. 8While much of the focus has been on the potential “Rothification” of 401(k) plans, the Tax Cuts & Jobs Act included a number of other retirement plan-related provisions, including changes that impact hardship withdrawals and loans.Among the provisions of Title I, Subtitle F of the... READ MORE
While you were reading the House GOP's tax reform proposal, the Labor Department filed a rule with the Office of Management and Budget (OMB) for the official 18-month delay of its fiduciary rule.The Labor Department had published a proposal in the Federal Register in late August to “extend the... READ MORE
Fees are, of course, always a topic of interest – and there have certainly been a lot of new factors to consider in planning for the year ahead. So, what are NAPA Net readers focusing on?Obviously, a wide variety of factors come into play – respondents to this week’s NAPA Net reader poll cited:89... READ MORE
By Nevin E. Adams, JD and Ted GodboutHouse Republican leaders on Nov. 2 released their much-anticipated tax reform plan that left 401(k)s and IRAs alone, but contained a number of proposals to modify various pension and retirement savings provisions.The first wave of documents released by the House... 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 a financial advisor in Colorado is... READ MORE
UPDATED 11:00 A.M. NOV. 3The GOP tax reform proposal “…makes no changes to the popular retirement savings options that Americans have today – including 401(k)s and Individual Retirement Accounts, or IRAs.”A document accompanying the Tax Cuts & Jobs Act goes on to state that “Americans will be... READ MORE
The Senate Banking Committee voted unanimously Nov. 1 to approve Hester Peirce and Robert Jackson, Jr. as members of the Securities and Exchange Commission. Their nominations will now move to the full Senate for confirmation.Peirce, a Republican, is a senior research fellow at the Mercatus Center... READ MORE
In a preemptive move against retirement provisions in the forthcoming House Republican tax reform plan, Senate Democratic leaders yesterday unveiled an alternative proposal that, among other things, would increase 401(k) contribution limits.In an Oct. 31 press conference with several other... READ MORE
Acknowledging the “exceptional result” achieved by the law firm of Schlichter Bogard & Denton in an excessive fee litigation involving Northrop Grumman, a federal judge has approved the fees in the “protracted, eleven-year battle between the litigants.”The suit, filed in September 2006, had... READ MORE
The IRS has expanded the relief it is providing to victims of Hurricanes Harvey, Irma and Maria and the California wildfires. It already has provided relief to victims of these natural disasters, as well as to those who suffered as a result of Hurricane Harvey and Irma.Maria and WildfiresIn... READ MORE
Apparently we’ll have to wait another day to find out what House Republicans have in mind for tax reform.The Hill reports that the GOP now says the bill will be released on Thursday, with what the report classified as “fights over possible changes to the tax status of 401(k) retirement plans and... READ MORE
The Federal Bureau of Investigation has raided the offices of Vantage Benefits Administrators “amid concerns that money may be missing from retirement accounts the company manages,” according to The Dallas Morning News.Founded in 1993, Vantage Benefits describes itself as a full-service TPA... READ MORE
As plan sponsors gain a better understanding of the role inertia plays in retirement savings, a new survey finds that an increasing percentage are adopting a higher default auto-enrollment savings rate for workers in their DC plans.Survey results from Alight Solutions’ 2017 Trends & Experience... READ MORE
The California Secure Choice Retirement Savings Investment Board  has issued a request for proposal for investment consulting services, California State Treasurer John Chiang (D) has announced.The board is seeking a qualified investment consultant to perform the following functions: facilitate the... READ MORE
Stephen King’s It involves a certain malevolent spirit that rises up every generation, wreaks havoc and feeds on the unsuspecting, before going back into hibernation. Sound familiar?A few weeks back, my wife and I went to see the updated version of It. Now, I’ve been a fan of King’s work ever since... READ MORE
When viewing investors across life stages and assets, there is a common belief that actively managed investment strategies are too expensive. However, new research shows that younger investors and experienced investors are signaling a receptivity to actively managed products based on their... READ MORE
If last week’s volley between President Trump and House Ways and Means Committee Chairman Kevin Brady (R-TX) over the potential Rothification of 401(k)s has you perplexed, rest assured, we should have some initial answers this week.Following final House passage of the FY 2018 budget resolution last... READ MORE
If you’re a NAPA RIA/Broker-Dealer Firm Partner, and you’ve not yet submitted your nominations for NAPA’s 2018 Top Advisors Under 40 – well, you had better get to it.Anyone can vote, but only NAPA RIA/Broker-Dealer Firm Partners can nominate advisors for consideration. If you’re in the latter group... READ MORE
As we head to the close of the year, with the fiduciary rule (some of it anyway), behind us, and tax reform just ahead – it seems a good time to find look at the prospects for 2018 fees, and what factor(s) may be having an impact.Fees are, of course, always a topic of interest – and there have... READ MORE
The Oregon Retirement Savings Board has completed a second stage of rulemaking for OregonSaves, the state-run retirement plan that is approaching full implementation. The Board filed updated rules with the Oregon Secretary of State’s Office on Oct. 24, 2017.The new round of rulemaking considered... READ MORE
The 2017 World Series is off to a great start (certainly if you are a Dodgers or Astros fan) – but who are NAPA Net readers rooting for?Well, just over half (55%) think the Los Angeles Dodgers will win. Perhaps needless to say, the rest (45%) think it will be the Astros.That may be what they think... READ MORE

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