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The Massachusetts Securities Division is requesting comments on its proposed, new fee disclosure table that would be added to existing disclosure obligations of investment advisers registered in the state.  The division is seeking input on amendments that would require each investment adviser... READ MORE
The American Retirement Association is asking the ERISA Advisory Council to examine issues concerning the extent to which an ERISA-covered retirement plan may use plan assets to pay the costs associated with plan design changes and other features that encourage retirement savings. In an April 3... READ MORE
A pair of Senate Democrats, one of whom is a 2020 presidential candidate, introduced legislation on April 4 that would require businesses to pay at least 50 cents into an employee’s retirement savings plan for every hour worked.  Noting that 3 in 10 workers lack access to a workplace retirement... READ MORE
A bipartisan task force in Pennsylvania is recommending the establishment of a state-run auto-IRA program to help workers who don’t have access to a private-sector retirement plan.  The task force, which was established in September 2017 by State Treasurer Joe Torsella, released a report March 27 ... READ MORE
The headlines are full of the toll on productivity, health, and even wealth taken by stress, both inside and external to the workplace. How are NAPA-Net readers feeling? Well, overall it seems that we’re all stressed as well. A plurality (37%) responded, “heck, yes!” to whether they were stressed... 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 Middlesex Township, Pennsylvania, Luis Felipe Menendez Marroquin, 28, was spotted by, and ultimately arrested for, speeding in a 55 mph zone on I-81 here… So how fast... READ MORE
Wealth management advisory firm Cerity Partners has announced a merger with Blue Prairie Group, a retirement and investment consulting firm. Blue Prairie Group is now part of the Cerity Partners brand, and with this merger, Cerity Partners, founded in 2009, will now advise on more than $21 billion... READ MORE
The Maryland Senate Finance Committee has overwhelmingly voted to recommend the rejection of a pending fiduciary bill. In fact, 10 out of the 11 committee members voted in favor of a motion to consider Maryland Senate Bill 786 – The Financial Consumer Protection Act of 2019 – as “unfavorable.”... READ MORE
President Trump has announced that he intends to nominate Allison H. Lee to serve on the Securities and Exchange Commission.  If she is confirmed by the Senate, Lee would serve for a five-year term expiring June 5, 2022, filling the seat vacated by former Commissioner Kara Stein, who left the... READ MORE
As I write this, my final column as NAPA President, I can’t help but reflect on the musings and observations within my previous columns and try to reconcile those thoughts with the announcements and observations of late by others. The predominant issues of the past will not likely drive our... READ MORE
Our Spring issue highlights NAPA’s annual list of the nation’s top women advisors. You’ll also find feature articles on what stewardship means to your advisory practice, what the SEC’s proposed Regulation Best Interest asks advisors to do regarding rollovers, participants’ suggestions about cutting... READ MORE
In case you’re wondering how much of your retirement savings might go toward health care, Fidelity has a new number – and it’s going up. According to Fidelity Investments’ annual Retiree Health Care Cost Estimate, a 65-year-old couple retiring in 2019 can expect to spend $285,000 in health care... READ MORE
The most powerful committee in the U.S. House of Representatives has advanced a powerful piece of retirement reform legislation – unanimously. Signifying the importance of the issue, the first markup meeting of the House Ways & Means Committee for the 116th Congress on April 2 featured the... 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
Today the Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), launches a new and innovative education program and credential: the Certified Plan Sponsor Professional (CPSP™).  Developed by plan sponsors in collaboration with education experts at ARA and some... READ MORE
Today is National Employee Benefits Day – and this year’s theme strikes a “resilient” note. Not familiar with the commemoration? Well, it’s sponsored by the International Foundation of Employee Benefit Plans – and it’s been designated as a day to honor the important work that trustees,... READ MORE
The leaders of the Senate Finance Committee, Chairman Charles Grassley (R-IA) and Ranking Member Ron Wyden (D-OR), have introduced the Retirement Enhancement and Savings Act (RESA) once again.  The Senate action comes as members of the House Ways & Means Committee are poised to pass its own... READ MORE
While HSA discussions have penetrated the retirement plan marketplace over the past year, few providers have created a solution built specifically for advisors working with employers. But that appears to be changing.  MyHSA is partnering with Franklin Templeton, Lord Abbett, MFS Investment... READ MORE
New Jersey Gov. Phil Murphy (D) has signed legislation establishing a state-run retirement savings plan for private-sector employees whose employers do not offer a retirement plan. Murphy signed the bill establishing the New Jersey Secure Choice Savings Program into law on March 28. The state... READ MORE
Increasing concern about transforming accumulated savings into a secure retirement is driving interest in income-generating vehicles via workplace retirement plans, according to new survey results.  BlackRock’s newly released DC Pulse Survey of more than 1,000 DC plan participants and more than... READ MORE
While noting that the case “presents novel legal questions concerning state-mandated retirement savings accounts,” and “implicates a significant body of judicial and regulatory interpretations of ERISA,” a federal judge has ruled – for the moment – that California’s state-run auto IRA retirement... READ MORE
The headlines are full of the toll on productivity, health, and even wealth taken by stress, both inside and external to the workplace. This week, we’d like to know – are you stressed? A recent MetLife survey found that three of employees’ top five financial concerns relate directly to retirement... READ MORE
Update as of April 1, 2019 at 1:20 pm: We understand from inside sources that a provision to provide for so-called “open MEPs” will be added to the Ways and Means Committee’s SECURE Act set to be marked up in committee on Tuesday, April 2. The provision, as we understand it, will be based on... READ MORE
It’s been said that March comes in like a lion, and goes out like a lamb – well, not this quarter, at least not when it comes to the average 401(k) balance. The S&P 500 notched its best quarterly performance since the third quarter of 2009, and the average 401(k) balance for those aged 25-34... READ MORE
Recent research finds that growth in both the number of health savings accounts (HSAs) and those enrolled in HSA-eligible health plans has slowed.  Of course, the number of HSAs and enrollment in HSA-eligible health plans have both grown significantly since HSAs first became available in 2004. But... READ MORE

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