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John Ortman

By John Ortman | 7/24/2014
Transamerica Retirement Solutions has appointed Bill Feldmaier as division vice president for the company's central region retirement plan sales. Feldmaier will lead Transamerica's team of central regional vice presidents for all retirement plan sales activities in the small-plan market. He will... READ MORE
By John Ortman | 7/23/2014
Retirement-sector veteran Nevin Adams will join ASPPA next month to head its rapidly expanding media and marketing businesses, including NAPA Net and NAPA Net the Magazine. Adams has been a Portal Conductor for NAPA Net since its launch in October 2012 and a columnist for the magazine since its... READ MORE
By John Ortman | 7/22/2014
The final votes are in on the voting tool we’re using to help choose workshop sessions at the 2015 NAPA 401(k) SUMMIT. The final top 10 topics are: 1. Methods to better evaluate, select and monitor TDFs  2. Allocation of revenue sharing and plan costs 3. Rollovers: how regulators affect your... READ MORE
By John Ortman | 7/18/2014
Joseph Dunbar has joined SageView Advisory Group’s not-for-profit team as an investment adviser based in the firm’s Boston office. He will focus on building out financial wellness strategies for current firm clients. Dunbar brings more than seven years of experience in the design, implementation... READ MORE
By John Ortman | 7/18/2014
Detroit may well be the poster child for municipal pension irresponsibility (though if there were an award for that, it would be extremely competitive). But give credit where it’s due: the Motor City has also been a model for how to dig out of the public pension hole. Kevyn Orr, the city’s... READ MORE
By John Ortman | 7/18/2014
Sometimes the simplest advice is the best advice — it just needs to be communicated clearly and internalized fully by participants, not just go in one ear and out the other. In a two-part series on Forbes.com, Buckingham Asset Management’s Tim Maurer provides a perfect example of this. Maurer... READ MORE
By John Ortman | 7/18/2014
On July 22, NAPA’s Executive Director/CEO Brian Graff and Director of Government Affairs Ronald J. Triche will discuss the latest actions being taken by regulators at SEC, FINRA and the DOL and how they will affect your business.   The discussion, which is part of NAPA’s “Washington Update” webcast... READ MORE
By John Ortman | 7/17/2014
Efforts by Rep. Maxine Waters (D-Calif.) to charge advisors a special user fee to fund an increase in SEC examinations were rejected twice this week, first by the House Appropriations subcommittee with jurisdiction over the SEC’s budget, and subsequently by the full House of Representatives. On... READ MORE
By John Ortman | 7/17/2014
Many plan sponsors continue to maintain 80% or more of their equity allocation in domestic stocks, despite the fact that U.S. companies now account for only about half of the total global market capitalization and a far lower percentage of revenue. In a new white paper from Portfolio Evaluations,... READ MORE
By John Ortman | 7/17/2014
It’s almost over! Today is the last day to raise your voice and tell us what topics should be on the agenda of the 2015 NAPA 401(k) SUMMIT. In all, nearly 11,000 votes have been cast so far. As of Thursday afternoon, the top 10 topics were: 1. Building a true retirement education practice for... READ MORE
By John Ortman | 7/15/2014
Are graft and fraud the next big thing for state pension plans? An industry segment already beset by massive underfunding, bankruptcy court proceedings and other litigation, politics and pension envy doesn’t need any more bad news. But that may be exactly what it gets.  The former chief executive... READ MORE
By John Ortman | 7/12/2014
A growing number of participants are rolling over their 401(k) plan benefits to other 401(k) plans or to IRAs. That's a good thing because it keeps money intended for retirement in the private retirement system. However, with the increased use of rollovers comes increased scrutiny and regulation by... READ MORE
By John Ortman | 7/11/2014
As savvy plan fiduciaries and advisors know, the best way to survive a plan audit is to avoid it in the first place. Once an audit is triggered, however, only the most carefully governed plans can expect a clean bill of health, Bruce Ashton, an attorney with Drinker Biddle & Reath, notes in a... READ MORE
By John Ortman | 7/11/2014
Since the SEC reopened the comment period on its target date fund proposal in April, the commission has received 29 comment letters generally favoring appropriately tailored enhanced disclosure requirements for TDF marketing materials, SEC Chairwoman Mary Jo White said July 10. A number of... READ MORE
By John Ortman | 7/11/2014
The confluence of two forces is just beginning to the reshape how Americans view their retirement years. First, people are living longer, healthier lives. “This means many people have at least 15-20 years after they retire,” Nancy Collamer, the founder of MyLifestyleCareer.com and author of the... READ MORE
By John Ortman | 7/11/2014
Nobel Laureate Robert C. Merton created quite a stir last month. In an article published in the July-August issue of the Harvard Business Review, Merton accused 401(k) sponsors and administrators of managing their plans with the wrong goal in mind. Instead of focusing on asset value as a target, he... READ MORE
By John Ortman | 7/10/2014
Opposition to the Department of Labor’s pending fiduciary definition rule among advisors continues to hold strong at 90 percent, according to a Financial Services Institute poll released July 9. The poll of 2,300 independent financial advisors also focused on the upcoming midterm elections and... READ MORE
By John Ortman | 7/10/2014
What are the best ways to comply with the regulations on providing advice to participants and avoid conflicts of interest? That’s currently the number one topic on NAPA’s unique voting tool, an innovative method for choosing workshop topics for next year’s NAPA 401(k) SUMMIT. In all, nearly 9,000... READ MORE
By John Ortman | 7/9/2014
Stephen Rosenberg of The McCormack Firm, LLC in Boston offers a concise summary of the meaning of the U.S. Supreme Court’s recent Fifth Third Bancorp v. Dudenhoeffer case. Rosenberg’s blog post features a roundup (with links) of the best online analyses of the meaning and impact of the decision,... READ MORE
By John Ortman | 7/9/2014
The SEC has released guidance on summary disclosures for mutual funds, recommending the use of “plain English” and advising that the disclosures should not exceed four pages. The guidance lists five “rule and form requirements that, while not exhaustive of the disclosure requirements, are intended... READ MORE

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