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NAPA Net Staff

By NAPA Net Staff | 7/23/2019
According to a new state-by-state analysis[1] published by the American Retirement Association, more than 5 million employers in the United States still don’t offer a workplace retirement savings benefit, a generation after the 401(k) plan design was first introduced.  When a 401(k) is available,... READ MORE
By NAPA Net Staff | 7/16/2019
Here’s a great way to grow your business and differentiate yourself from the competition. Join us September 15-17 for the 2019 NAPA Nonqualified Plan Advisor Conference and take your practice to the next level.  Just ask anyone who was at last year’s sold-out event – this is the focus that can... READ MORE
By NAPA Net Staff | 7/12/2019
Secretary of Labor Alex Acosta has resigned in the wake of controversy regarding a plea deal he negotiated more than a decade ago with wealthy financier Jeffrey Epstein. Acosta made the announcement to reporters while standing next to President Donald Trump outside the White House. Trump said that... READ MORE
By NAPA Net Staff | 7/10/2019
John Carter has been named President and Chief Operating Officer-elect of Nationwide’s financial services business lines, effective immediately.  Carter succeeds Kirt Walker, who will become Nationwide’s CEO in October. Reporting to Walker, Carter will oversee the company’s retirement plans, life... READ MORE
By NAPA Net Staff | 7/9/2019
Ascensus announced July 9 that David Musto, currently president of the organization, will add chief executive officer (CEO) responsibilities to his role beginning in 2020. Bob Guillocheau, currently chairman and CEO of Ascensus, will continue to serve as chairman. Musto, who has more than 30 years... READ MORE
By NAPA Net Staff | 7/2/2019
Our Summer issue highlights NAPA’s annual list of the nation’s top young advisors, as well as a cover story relating nine lessons they have learned about succeeding in the business. You’ll also find feature articles on how independent advisory firms are flourishing in today’s age of consolidation,... READ MORE
By NAPA Net Staff | 7/1/2019
Maintaining good health looms large among older adults who say it is the biggest factor in achieving their goals in retirement. In a new survey by UnitedHealthcare, nearly 70% of Americans ages 62 and older said physical health is most important to them as they age, followed by cognitive health (... READ MORE
By NAPA Net Staff | 6/29/2019
In what marked the S&P 500’s best first-half performance since 1997, the average 401(k) balance also turned in a solid performance. According to estimates from the nonpartisan Employee Benefit Research Institute (EBRI), the average 401(k) balance for those aged 25-34 with 1-4 years of tenure... READ MORE
By NAPA Net Staff | 6/29/2019
Ascensus has entered into an agreement to acquire HR Simplified, a TPA that performs a variety of benefits administration and benefit continuation services. Among HR Simplified’s offerings are HSAs, FSAs, HRAs, pre-tax commuter benefit programs and COBRA administration. It will immediately become... READ MORE
By NAPA Net Staff | 6/28/2019
HealthEquity Inc. has agreed to buy WageWorks Inc. for $2 billion to gain more access to the market for health savings accounts. HealthEquity, Inc., which calls itself the nation’s largest HSA non-bank custodian, and WageWorks, Inc., which administers HSAs and complementary consumer-directed... READ MORE
By NAPA Net Staff | 6/26/2019
Mesirow Financial has announced a technology and fiduciary automation solution for broker-dealers to assist with their fiduciary management. Cetera Financial Group has signed on as an initial partner. Launched in response to the needs of the broker-dealer community, Mesirow Financial FAST®... READ MORE
By NAPA Net Staff | 6/25/2019
Yes, October is still months away – but a major employee benefits consultant has already taken a stab at estimating some of the key contribution and benefit limits for 2020. The projections by Mercer’s Law and Policy Group call for modest increases in the Internal Revenue Code (IRC) limits for... READ MORE
By NAPA Net Staff | 6/25/2019
Spectrum Investment Advisors has announced changes to its top leadership as part of the succession plan: Manuel Rosado has been appointed President; Matthew Demet will be Senior Vice President of Business Development; and Jonathan Marshall will remain as Chief Investment Officer and Chief... READ MORE
By NAPA Net Staff | 6/24/2019
Nominations are now being accepted for NAPA’s 2020 Leadership Council. Elected at-large members of the Leadership Council must be advisors (defined as individuals who are primarily in the business of providing investment advisory services directly to retirement plan sponsors and/or participants)... READ MORE
By NAPA Net Staff | 6/24/2019
Laura Huscroft has been promoted to Vice President of 401(k) at Mutual of Omaha, the firm announced June 24. In her new role, Huscroft will focus on product management and development within the retirement services sector. Huscroft has spent her entire career in the financial services industry.... READ MORE
By NAPA Net Staff | 6/18/2019
In the wake of the April announcement of its acquisition of the Wells Fargo Institutional Trust business, Principal has announced additions to its Retirement & Income Solutions leadership teams. Joe Ready, current head of Wells Fargo IRT, is taking a new role as Head of Trust and Chief... READ MORE
By NAPA Net Staff | 6/18/2019
Nominations are now being accepted for American Retirement Association’s 2020 Board of Directors. Elected at-large members of the Board of Directors serve for one term of three calendar years. Nominees must be nominated by at least two members to be considered. To view the nomination form, click... READ MORE
By NAPA Net Staff | 6/18/2019
Deschutes Investment Consulting has announced the promotion of Katrina Bell to Partner and President Deschutes Retirement Plan Services. Since joining the firm in 1998, Bell has played a key role in the firm’s development by managing client relationships and overseeing marketing and client... READ MORE
By NAPA Net Staff | 6/14/2019
In the two weeks since the Security and Exchange Commission approved the final version of its Regulation Best Interest, many oƒ the nation’s leading retirement and financial compliance law firms have posted white papers, alerts and blog posts parsing the rule. Here’s an annotated list of our... READ MORE
By NAPA Net Staff | 6/13/2019
Transamerica announced June 13 that Steven Geisert, CPFA, C(k)P, has joined the company as Senior Manager of Business Development for retirement plans. He will report to Charmaine Hughes Lee, Director of Business Development, Workplace Solutions. Geisert will focus on managing national account... READ MORE