Advertisement
News Archive
At a recent policy forum sponsored by the Employee Benefit Research Institute, Catherine Collinson, President of the Transamerica Center for Retirement Studies, outlined five ways to “fix” the current Saver’s Credit.The credit helps offset part of the first $2,000 ($4,000, for joint filers) workers...
READ MORE
Managed accounts offer a compelling service, but changes in the product set – and the DC industry generally – may require a second look, according to a new report.In “Managed Accounts: Today’s Services May Not be Tomorrow’s Solutions,” Willis Towers Watson DC plan investment consultants Jason...
READ MORE
The second of the university excessive fee cases has gotten a hearing on motions to dismiss – and it’s a definite case of win some, lose some.This suit involved Duke University, which had been charged with a series of fiduciary breaches, including providing “…a dizzying array of duplicative funds...
READ MORE
More than $400 billion is rolled over from DC plans – but most of that isn’t going to the current plan provider.While 8 in 10 DC plan participants who roll their assets into an IRA speak to someone before doing so, just over half (58%) of these people rely on a financial professional when making...
READ MORE
In less than a month, the new “transition” exemptions will apply to recommendations for IRAs. Fred Reish looks at how to prepare for that shift.In a recent blog post, Reish explains that if an adviser and its supervisory entity are “pure” level fee fiduciaries, there will not be a prohibited...
READ MORE
Workers who have both a 401(k) and health savings account (HSA) save at a higher rate than those who save in a 401(k) alone, according to a new survey.In fact, according to a new report by Fidelity Investments, savings rates for employees with both a 401(k) and HSA are often higher (10.6% in 2016)...
READ MORE
These days you hear a lot of talk about multiple employer plans, or MEPs (not to be confused with the troubled multi-employer plans, about which you also hear a lot of talk these days). In this week’s reader poll, we’d like to know what you think of MEPs – and if you think they’d have an impact on...
READ MORE
There’s apparently no such thing as too many funds in a plan, at least according to a judge in the first of the university excess fee lawsuits to get a hearing.This one (Henderson v. Emory Univ., N.D. Ga., No. 1:16-cv-02920-CAP, 5/10/17), brought against the Emory University Retirement Plan and the...
READ MORE
In addition to the cash component, TIAA has agreed to make a number of changes in plan design and administration.The CasePlaintiffs in this case had alleged that TIAA breached its fiduciary duty to ensure that the fees and expenses paid out of the assets in the plans were reasonable, and that they...
READ MORE
There are any number of industry surveys that indicate a growing interest in the concept of, if not the application of, financial wellness. Are NAPA Net readers feeling the financial wellness “love”?This week’s respondents were mixed – but solidly positive on the trend; more than half (57%) said...
READ MORE
A recent story in Investment News completely mischaracterizes NAPA’s position on the fiduciary rule.Earlier this week, we ran a story based on credible information from a reliable source describing a conversation between Labor Secretary Acosta and Sen. Tim Scott (R-SC). The information was timely,...
READ MORE
There’s been a lot of rumbling on and around Capitol Hill about a potential shift to Roth contributions for 401(k) plans as part of tax reform. So, how might that weigh on – or boost – retirement savings?While the ultimate answer depends on a huge (and as yet) unknown variable – how workers would...
READ MORE
One of the more novel legal arguments opposing the fiduciary regulation has resurfaced in an amicus (“friend of the court”) filing.Arguing on behalf of plaintiffs (including the Chamber of Commerce) in the U.S. Court of Appeals for the Fifth Circuit, the Washington Legal Foundation (WLF), a...
READ MORE
Americans are exposed to as many as 5,000 advertisements per day.[1. Johnson, Sheree. “New Research Sheds Light on Daily Ad Exposures,” SJ Insights. September 2014.] In today’s fast-paced world, we are constantly forced to choose: Coke vs. Pepsi, Nike vs. Reebok, Starbucks vs. Dunkin Donuts… and of...
READ MORE
Concerned about reports that the Labor Department’s delay of the fiduciary rule was crafted to undermine President Trump’s directive to reexamine the rule’s impact, House Republicans are looking for some answers – and some face time.In an April 28 letter to Secretary of Labor Secretary Alexander...
READ MORE
Evercore will sell the institutional trust and independent fiduciary business of its Evercore Trust Company subsidiary to Newport Group.According to a press release, the Evercore Trust Company charter will remain with Evercore and the entity will continue providing trust and custody services to...
READ MORE
The ERISA consultants at the Learning Center Resource Desk, which is available through Columbia Threadneedle Investments, regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with an advisor in California...
READ MORE
While it's true that most active funds don't beat market indexes over long stretches (after accounting for fees), a new Morningstar analysis finds some that have.Morningstar senior editor Karen Wallace went looking for actively run funds that have beaten the S&P 500 index over the trailing 15-...
READ MORE
Labor Secretary Alexander Acosta says the Department of Labor's fiduciary rule is his number one priority, and that he is actively seeking a way to freeze the rule that will “stick.”Acosta’s comments were made during a meeting with Sen. Tim Scott (R-SC), according to a communication from Scott’s...
READ MORE
Millennials are much more likely to make risky investment decisions compared to other Americans by reacting to short-term market volatility – and they appear to be doing it on their own, according to a new survey.According to new research from Massachusetts Mutual Life Insurance Co., a third of...
READ MORE
Its efforts having fallen short in the courts, a trade group has launched a grassroots campaign to derail the Labor Department’s fiduciary regulation.The National Association for Fixed Annuities (NAFA) says it has launched a White House grassroots campaign “…because we want the Administration to...
READ MORE
There are lots of reasons why people get behind in their retirement savings – and one very helpful way that older workers can make up for lost time and catch up.Individuals who are age 50 or over at the end of the calendar year can make annual catch-up contributions – up to $6,000 in 2017 in a 401(...
READ MORE
If the tax reform proposal drafts put forward by President Trump – and previously in the House Blueprint – come to pass, establishing and saving in a retirement plan could have a big negative financial impact for small business owners – perhaps as much as 20%!Stated simply, under President Trump’s...
READ MORE
There are any number of industry surveys that indicate a growing interest in the concept of, if not the application of, financial wellness. In this week’s reader poll we’d like to know if it’s catching on with your clients/prospects.The 8th annual survey on corporate Health and Well-being from...
READ MORE
The Internal Revenue Service has announced the 2018 limits for health savings accounts and high-deductible health plans.In Rev. Proc. 2017-37 the IRS notes that individuals who participate in a high-deductible health plan are permitted a deduction for contributions to HSAs set up to help pay their...
READ MORE
Pages
Most Popular
NAPA's 401(k) Rollover Specialist (k)RS Credential
Recent Comments