Skip to main content

You are here

News Archive

Advertisement

News Archive

Requests for nominations for the 2019 NAPA Top DC Wholesalers (a.k.a. our “Wingmen”) are out! NAPA Recordkeeper and DCIO Firm Partners should have received requests for nominations for our sixth annual list of NAPA Top 100 Defined Contribution (DC) Wholesalers. We call them “Wingmen” because if... READ MORE
There’s that old caution about being a day late, and a dollar short – well, the plaintiffs in an excessive fee suit were two days late – and missed a key date. The plaintiffs here were participants in the Georgetown University 403(b) plan – who had been soundly rebuffed in January by U.S. District... 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 Yarmouth, Massachusetts, officers responding to a report of a BMW driving at a high rate of speed around 7:00 a.m. found Sean Dailey, 36, asleep in the driver’s seat... READ MORE
Attendees at the recent Plan Sponsor Council of America’s (PSCA) National Conference in Tampa got a sneak peek at the findings of the PSCA’s Inaugural Health Savings Account Survey. The general session panel – Kenneth Forsythe, Head of Product Strategy at Empower; and Glen Kvadus, VP at Optum... READ MORE
For those who thought the notion of a financial transaction tax might be a passing fad, guess again. Presidential aspirant Sen. Bernie Sanders (I-VT) and Rep. Barbara Lee (D-CA) have just introduced the Inclusive Prosperity Act of 2019, along with Sen. Kirsten Gillibrand (D-NY) (also a... READ MORE
Reflecting on the DOL fiduciary rule, retirement plan advisors mentally compartmentalized the entire multi-year experience somewhere between “a complete waste of time” and “added expense that contributed nothing to plan participants.”  Plan advisors spent copious amounts time touting the arrival... READ MORE
In a new study of low- and moderate-income workers at employee-owned companies, researchers affirmed that employee stock ownership plans (ESOPs) enable families to significantly increase their assets, helping to shrink gender and racial wealth gaps. The three-year research project conducted by the... READ MORE
It’s not exactly news that Americans are nervous about their retirement prospects – but a new study finds that a couple of key demographic groups are especially anxious. The 2018 Protected Lifetime Income Index study, “The Clock is Ticking: Generation X and the challenge of retirement readiness,” ... READ MORE
It’s often said that “if at first you don’t succeed, try, try again.” But that didn’t work for the plaintiffs in a suit challenging the use of a money market fund, rather than a stable value option. The plaintiffs here have been “trying” since February 2016, when they, represented by the St. Louis... 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
To help alleviate a perceived crisis of confidence among participants, retirement plan providers should rethink their approach when it comes to both digital tools and human advisors, a new report suggests.  According to J.D. Power’s 2019 U.S. Retirement Plan Participant Satisfaction Study, now in... READ MORE
The Internal Revenue Service has announced updated deduction limits for high-deductible health plans. For calendar year 2020, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high-deductible health plan is $3,550, up $50 from the 2019... READ MORE
So, how – or did – the volatility in the markets impact participant activity in 2018? Not very much, according to a new report. In fact, defined contribution plan participants pretty much kept on doing what they were doing, according to “Defined Contribution Plan Participants’ Activities, 2018” ... READ MORE
Whether you are a Game of Thrones aficionado – or haven’t watched a single episode – there are lessons to be learned nonetheless. Last week I recounted some fiduciary admonitions from the HBO series. Turns out there are words of wisdom for individual retirement savers as well. Check these out. “... READ MORE
A federal judge has given preliminary approval to a $3.45 million settlement of a suit brought against Eaton Vance by a participant in its $434 million plan for allegedly loading up its 401(k) plan with relatively expensive proprietary investment options that performed poorly. The suit, filed in... READ MORE
Absolute security is never assured. But one can take steps to increase the odds in one’s favor, and that includes retirement plans and preparing for a financially secure retirement.  Jack VanDerhei, Research Director at the Employee Benefit Research Institute (EBRI), speaking at the recent Plan... READ MORE
First the Labor Department announced a target for a fiduciary rule redo – and now the Securities and Exchange Commission has announced a review of its Regulation Best Interest. The SEC has announced a meeting on June 5 where it “…will consider whether to adopt a new rule to establish a standard of... READ MORE
The good news is, participant trust in their plan provider is at all-time high. The bad news? Well, it has something to do with that level of trust. And it looks even worse for financial advisors. According to the 2019 Participant Trust and Engagement Study by National Association of Retirement... 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 Ashland, Wisconsin, law enforcement received a report of a stolen vehicle about 5:43 a.m…. Fortunately, later that day the owner located the vehicle… undamaged…... READ MORE
As the Memorial Day holiday (and, as tradition holds, summer vacation, generally) approaches, it’s time once again to pick the best song(s) about retirement. We’ve done this for several years now – and each year has brought together a different playlist. So, as you crank up the tunes – in your car... READ MORE
UPDATED: May 24, 2019, at 9:30 a.m. (ET) One of the most consequential pieces of retirement security legislation in more than a decade has been approved overwhelmingly by the U.S. House of Representatives.     In a May 23 House floor debate that featured much praise and few objections, the... READ MORE
The federal government’s updated Spring 2019 unified regulatory agenda sheds some light on prospects for the Department of Labor’s next steps on a fiduciary rule revamp.  The DOL’s updated regulatory agenda confirms that the agency has set a target date of December 2019 to issue a Notice of... READ MORE
Bipartisan legislation calling on the SEC to revise its definition of small businesses to help ensure that the commission more broadly considers the burden of its regulations on small investment advisers has been reintroduced in Congress.   The Investment Adviser Regulatory Flexibility Improvement... READ MORE
The agenda’s taking shape for the most engaging and interactive advocacy event of the year. NAPA’s D.C. Fly-In Forum, now in its seventh year, is a unique experience for elite advisors who are looking to have an impact and engage with key federal policy makers as you advocate for legislative and... READ MORE
The fire and ice of dragons in winter. Leprechauns sitting in a pot of gold at the end of the rainbow. This is the stuff of mythology. But even the seemingly commonplace can incorporate a dash of mythology as well, notes longtime industry analyst Warren Cormier – including DC plans.  Speaking at... READ MORE

Pages

Advertisement