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

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

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

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

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

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 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

In Washington you never really quite know whether a legislative proposal is truly dead, mostly dead, or partly alive. In this case, we’re not talking about Rothification, but a proposed legislative fix to the Affordable Care Act (ACA) that includes an expansion of the HSA contribution limits.... READ MORE

President Trump may have thought his tweet would have ended the controversy over a proposed partial Rothification of 401(k)s – but that was Monday.While heading off on Marine One yesterday, the President was asked about his comment that any changes to tax-free contributions to 401(k)s were off the... READ MORE

How important is it to consistently participate in a 401(k) plan? According to new research from the EBRI/ICI 401(k) database, the average account balance among consistent participants at year-end 2015 was almost double the average account balance among all participants in the database.EBRI's issue... READ MORE

Where does the DOL's fiduciary rule stand? What might we expect in the future? ERISA attorney Fred Reish provided an update on the former and shared his thoughts on the latter in an Oct. 24 workshop at the 2017 ASPPA Annual Conference in National Harbor, MD, just outside the nation's capital.It's... READ MORE