This Week on NAPA Net

This week’s posts and commentary on the NAPA Net portal included: Reg/Leg • More reactions from players in the industry to President Obama’s proposed $3 million cap on retirement savings — from Brian Graff, CFOs, and Sen. Ben Cardin (D-MD). • The SEC is working on proposed new rules to reduce risk in money market funds. Technical • John Carl’s Case of the Week addressed “backdoor” Roth IRAs. • According to the team at Drinker Biddle, plan advisors have an opportunity to help their clients with a Form 5500 reporting wrinkle that may catch plan sponsors and plan committees off-guard. Sales Process • Tips from NAPA Net portal conductor Sheri Fitts on using Twitter. • A report from the Retirement Advisor Council shows plan sponsors continuing to use formal RFP searches to find the right advisor. • A new white paper for plan sponsors from DCIIA that’s a good conversation starter about investment lineups. Practice Management • A post on fee levelization sparked an interesting comment thread. (Surprise!) • PIMCO’s consultant survey may portend changes for the entire industry. Service Providers • NFP announced a deal with Madison Dearborn to take the firm private. • Nationwide has hired five wholesalers plus a full support team to distribute their funds through advisors.