If you’ve been hiring, odds are you’ve stumbled across an embellishment or two. After all, a new CareerBuilder survey notes that 58% of hiring managers have caught a lie on a resume — and a third of these employers have seen an increase in resume embellishments post-recession.  According to... READ MORE

This week the ERISA Advisory Council turned its attention to the issue of outsourcing employee benefit plan services, how that might impact and influence fiduciary responsibilities, and even touched on how an accreditation program could help fiduciaries make more informed outsourcing choices... READ MORE

To sue or not to sue your employer over your 401(k) plan? That is the question that a Forbes guest columnist poses to plan participants, providing red flags that participants should look out for when determining whether to sue or not.  Citing abuses like high fees charged to federal... READ MORE

On the heels of the CFP’s ongoing debate about the definition of a “fee only” advisor and pending SEC and DOL rules on the definition of fiduciary, ThinkAdvisor editor-at-large Bob Clark raises the question of whether a fiduciary advisor can or should accept commissions. The question was... READ MORE

A new survey claims that 401(k) participants are more likely to have someone change the oil in their car than to have someone help them choose their 401(k) investments. The nationwide survey of 1,000 401(k) plan participants, commissioned by Schwab Retirement Plan Services, found that 87%... READ MORE

Lincoln Financial Group’s Retirement Plan Services has announced enhancements to its Ibbotson Insight Series investment lineup available in the Lincoln Director employer-sponsored retirement plan program. The Ibbotson Insight Series now offers three preset lineups and, for plans looking to select... READ MORE

Two weeks, two acquisitions. RCAP, the parent of soon-to-be 11 IBDs with almost 10,000 reps including Cetera, has acquired Girard Securities and VSR.  Girard has $10 billion in AUM and 250 reps; VSR has 264. The chairman emeritus of Girard, Richard Woltzman, is considered to be a pioneer in... READ MORE

The use of assumptions was the focus of a recent report from the Employee Benefit Research Institute (EBRI), which not only highlighted the assumptions used in two separate retirement studies, but illustrated a real problem with their results.  The EBRI report examined two earlier  studies... READ MORE

The list of the top five most-read posts on NAPA Net last week includes a report on the settlement of a lawsuit against Fidelity brought by the firm’s employees, Fred Barstein’s take on the future of dabblers in the DC market, a survey finding that a third of DC plan participants have never... READ MORE

How can the fiduciaries of terminated DC plans fulfill their obligations under ERISA to locate missing participants and properly distribute the participants’ account balances? It’s a question the Department of Labor answered in a Field Assistance Bulletin last week, while replacing prior... READ MORE

In further signs of the eroding viability of state and municipal pension plans, the SEC filed a complaint against the state of Kansas claiming inadequate disclosure of pension liabilities in its 2009 and 2010 bond offerings. The SEC claimed that Kansas failed to adequately disclosure their... READ MORE

Seen those reports that Gen Xers’ retirements are looking to be even more bleak than that of Baby Boomers? Well, you might want to take another look. A new report from the Employee Benefit Research Institute (EBRI) calls out two of those reports — one by the Center for Retirement Research... READ MORE