Skip to main content

You are here

News Archive

Advertisement

News Archive

A federal court has weighed in on a new lawsuit alleging mismanagement of a 401(k) plan – and the role of the plan advisor regarding target-date fund recommendations. In another case where the plaintiffs are represented by Schlichter Bogard & Denton LLP, Judge William J. Martinez in the U.S.... READ MORE
A reader notes, “the MEP topic at the NAPA 401(k) Summit sparked some interesting discussion among advisors during the peer session” – and wonders if advisors see their emergence as a threat to your business. Well, do you? MEPs, or multiple employer plans – more specifically “open” MEPs – have... READ MORE
The Labor Department isn’t letting its Association Health Plan rule go down without a fight. On Friday, the Labor Department filed notice that it intends to appeal a March ruling by U.S. District Judge John Bates to the United States Court of Appeals for the District of Columbia. A month ago... READ MORE
Congress returns this week from its two-week spring break, with plans to consider bipartisan retirement security legislation to make it easier for businesses to offer retirement plans and for individuals to save for retirement.   House Majority Leader Steny Hoyer (D-MD) reportedly announced in a “... READ MORE
Many factors are in play when designing a retirement income strategy. An analysis from T. Rowe Price argues that investors’ preferences and tolerance for risk should be the top consideration.  In “Incorporating Behavioral Risk Preferences in Retirement Income Strategy Design,” T. Rowe’s Anna... READ MORE
Creating a plan for retirement can lead to a greater sense of confidence and control, but a new study suggests that a surprising percentage of the general population hasn’t even considered doing so. In fact, while many say they’ve “thought about it,” only 18% of respondents have created a... READ MORE
Consistent performance and downside protection are valued more by DC plan participants than funds that seek to outperform the market are, according to a recent report.  Concern over recent market volatility has made participants less confident regarding the performance of their retirement plan... READ MORE
It’s easy to assume that if everyone did their part individually, a team would function smoothly and efficiently, but group dynamics, synergy and demographics all can either contribute or detract from an investment committee’s effectiveness. A new white paper from investment advisory firm Arnerich... READ MORE
Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc., has launched a new advisor managed accounts platform that aims to make it easier for Registered Investment Advisors (RIA) firms and their advisors to offer a managed accounts solution to their retirement plan clients.... READ MORE
In response to growing interest in Environmental, Social and Governance impact investing, LeafHouse Financial has created a proprietary system and process that results in the ability to integrate ESG investments into retirement plans.  Called the LeafHouse Investment Sustainability System, the... READ MORE
As financial advisors navigate an increasingly digital, low-cost and fee-transparent landscape, increasingly they are being tasked with redefining the client experience to capture and retain assets, according to new research.  To remain competitive, not only must advisors’ definition of advice... READ MORE
A new survey finds a massive shift in sentiment toward retirement income solutions. But among NAPA-Net readers, has that trend piqued interest – or just peaked? The survey – of the “largest and mid-sized 401(k) consultants and advisors” – was reported by fixed income money manager PIMCO. It claims... READ MORE
Plan sponsors are looking for new ways to invest in their professional development – and there’s a new way that CPFA and QPFC holders can help fill that gap. As announced at the 2019 NAPA 401(k) Summit, advisors who have attained either of those two NAPA credentials can now extend to up to 10 of... 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 Oxford, Iowa, Timothy Hora has been charged with five counts of arson and public intoxication… following a month-long arson investigation… which determined that... READ MORE
The Financial Industry Regulatory Authority (FINRA) has censured a financial services firm for selling certain retirement plan customers inappropriate share classes. Specifically, according to a letter of acceptance, waiver and consent, between Jan. 1, 2009, and May 26, 2016, Voya Financial... READ MORE
While it’s unlikely to be “two for the price of one,” with a trial date looming, the parties in an excessive fee suit have come to terms – on two separate cases. Safeway Inc. has settled two proposed class actions regarding its 401(k) plan just two weeks before the trial date. In one, Safeway and... READ MORE
If you’re like me, when I hear the word “networking,” I get a little nervous.  It brings up visions of women frantically sticking their business cards in my face and giving me their elevator pitches at some organized luncheon. I prefer the terms “connecting and collaborating” – because that is... READ MORE
Employers are seeking to assist workers with student loan debt for purposes ranging from altruistic to improving their bottom line, according to a new EBRI Issue Brief. In “How Employers are Tackling Student Loan Debt: Evidence from the EBRI Employer Financial Wellbeing Survey,” better employee... READ MORE
The percentages of workers and retirees who are confident in their ability to live comfortably in retirement now reflect levels measured prior to the 2008 financial crisis, but some underlying concerns persist.  Those findings are contained in the Employee Benefit Research Institute’s 2019... READ MORE
We have more options for tax-deferred and preferred retirement saving than ever. But how do you prioritize how to save and when? And, how do individual circumstances influence saving strategies? Do you know: •  The pros and cons of the most common retirement plan vehicles. •  How to prioritize... 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
It’s said that change is good – and, according to new research, that also applies to 401(k) investment menus. A new report from Morningstar Research finds “evidence that fund replacements provide significantly higher risk-adjusted returns than the funds that were replaced,” going on to state that... READ MORE
After extensive litigation, lengthy discovery, and protracted arm’s-length negotiations with the assistance of a national mediator, the parties in an excessive fee suit have announced the terms of their settlement agreement – and once again, it's about more than lost money. Specifically,... READ MORE
Over the past decade and change, there have been a number of high-profile excessive fee suits brought against retirement plan fiduciaries, notably the plan committees that oversee these programs. Here’s what your plan committee members should know. 1. Why they are a member of the committee. Today... READ MORE
In a major victory for the advocacy efforts of the American Retirement Association, new rules under the IRS’ Employee Plans Compliance Resolution System (EPCRS) will make it easier – and less costly – to fix certain operational issues without the need for an IRS filing or payment of a user fee. ... READ MORE

Pages

Advertisement