Approximately 200 elite advisor delegates to the seventh annual NAPA DC Fly-In Forum convened in the nation’s capital last July to listen to and brief top congressional leaders about the impact and importance of the nation’s workplace retirement plans, and, as advocates for the employers and participants they work with, shared how proposed laws and regulations might impact American workers’ retirement security.
Now in its seventh year, delegates to this year’s forum heard from House Ways & Means Chairman Richie Neal (D-Massachusetts) and long-time pension advocate Sen. Rob Portman (R-Ohio), both of which have recently introduced legislation that could dramatically impact retirement plans.
Delegates also heard from Jeanne Wilson, Principal Deputy Assistant Secretary with the Department of Labor’s Employee Benefits Security Administration, on the prospects for new developments on electronic disclosure, multiple employer plans and guidance on missing participants, as well as the prospects for a new federal fiduciary standard for retirement advisors. Delegates also heard from industry experts on critical issues involving litigation trends, student debt impact on retirement savings and the “gig” economy.
On the second day of the forum, delegates met one-on-one with their respective congressional representatives on Capitol Hill to share insights from the experiences they have daily with business owners and plan participants, and to provide perspectives on proposed and current legislation.
In order to participate in the NAPA D.C. Fly-In Forum, delegates were required to be a NAPA member; be responsible for $100M+ in plan assets, 10+ plans and 2,000+ participants; and have at least five years of experience servicing retirement plans. Qualified delegates were permitted to bring an “emerging” advisor along with them for this unique advocacy experience.
For a closer look at this year’s Fly-In Forum, click here to view our photo essay on the event.
