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NAPA Net Staff

By NAPA Net Staff | 5/24/2019
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
By NAPA Net Staff | 5/22/2019
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
By NAPA Net Staff | 5/17/2019
NAPA Founding President Marcy L. Supovitz has been named to the ERISA Advisory Council, which advises the Labor Department on policies and regulations regarding ERISA plans. The 15-member council (formally titled the Advisory Council on Employee Welfare and Pension Benefit Plans) provides advice... READ MORE
By NAPA Net Staff | 5/16/2019
MassMutual announced that it is introducing a new workplace student loan repayment and management program as part of a broader financial wellness initiative. The program will be available to employers through Tuition.io, which will provide two levels of support for student loan indebtedness – both... READ MORE
By NAPA Net Staff | 5/14/2019
New proposed legislation could help close the retirement savings coverage gap — and you can help make it a reality. Small business owners face real challenges – costs, administrative burdens and increased liability for mistakes – in the decision to provide retirement benefits for their workers. ... READ MORE
By NAPA Net Staff | 5/14/2019
With the ink still drying on his latest bill to enhance retirement security, long-time retirement champion Sen. Rob Portman (R-OH) has been confirmed as keynote speaker at the 2019 NAPA D.C. Fly-In Forum, July 23–24. Portman has authored several federal laws to increase retirement savings,... READ MORE
By NAPA Net Staff | 5/14/2019
Industry veteran Glenn Dial joined American Century Investments on May 6 as senior retirement strategist, the firm has announced. Dial will report to Rick Luchinsky, SVP and Head of Financial Institutions and Retirement. According to a press release, he he will help further the firm’s commitment... READ MORE
By NAPA Net Staff | 5/13/2019
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
By NAPA Net Staff | 5/13/2019
The markets are off to a strong start, but for the 15th month in a row, participants who transferred balances have made the same move. More precisely, April marked the 15th month in a row in which participant transfers, on a net basis, favored fixed income funds over equity funds. Indeed, in April... READ MORE
By NAPA Net Staff | 5/10/2019
New proposed legislation could help close the retirement savings coverage gap — and you can help make it a reality. Small business owners face real challenges – costs, administrative burdens and increased liability for mistakes – in the decision to provide retirement benefits for their workers. ... READ MORE
By NAPA Net Staff | 5/10/2019
Private equity firm Reverence Capital Partners has announced that affiliated investment funds have signed a definitive agreement to acquire Advisor Group, Inc. Headquartered in Phoenix, Arizona, Advisor Group, Inc. is one of the nation’s largest networks of independent financial advisors serving... READ MORE
By NAPA Net Staff | 5/6/2019
If April showers bring May flowers, then the average 401(k) balance should be quite a bouquet! In April, the average 401(k) balance for those aged 25-34 with 1-4 years of tenure gained another 4.3% for the month, adding to the first quarter’s 15.3% surge.  As for older (age 55-64) workers with... READ MORE
By NAPA Net Staff | 5/6/2019
Attendees at the Plan Sponsor Council of America’s 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 Financial Services... READ MORE
By NAPA Net Staff | 5/2/2019
The Internal Revenue Service has announced the expansion of areas for issuing determination letters for certain retirement plans.  Revenue Procedure 2019-20, issued May 1, details two new issues for which retirement plan sponsors may now request determination letters: Statutory Hybrid Plans –... READ MORE
By NAPA Net Staff | 4/26/2019
Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc., has launched a new advisor managed accounts platform that aims to make it easier for Registered Investment Advisors (RIA) firms and their advisors to offer a managed accounts solution to their retirement plan clients.... READ MORE
By NAPA Net Staff | 4/25/2019
The Financial Industry Regulatory Authority (FINRA) has censured a financial services firm for selling certain retirement plan customers inappropriate share classes. Specifically, according to a letter of acceptance, waiver and consent, between Jan. 1, 2009, and May 26, 2016, Voya Financial... READ MORE
By NAPA Net Staff | 4/25/2019
Plan sponsors are looking for new ways to invest in their professional development – and there’s a new way that CPFA and QPFC holders can help fill that gap. As announced at the 2019 NAPA 401(k) Summit, advisors who have attained either of those two NAPA credentials can now extend to up to 10 of... READ MORE
By NAPA Net Staff | 4/25/2019
In response to growing interest in Environmental, Social and Governance impact investing, LeafHouse Financial has created a proprietary system and process that results in the ability to integrate ESG investments into retirement plans.  Called the LeafHouse Investment Sustainability System, the... READ MORE
By NAPA Net Staff | 4/23/2019
We have more options for tax-deferred and preferred retirement saving than ever. But how do you prioritize how to save and when? And, how do individual circumstances influence saving strategies? Do you know: •  The pros and cons of the most common retirement plan vehicles. •  How to prioritize... READ MORE
By NAPA Net Staff | 4/17/2019
Global Retirement Partners, LLC (GRP) and Strategic Retirement Partners (SRP) have announced a strategic partnership they say is designed to leverage their respective core competencies and “create industry-leading scale.”  According to a press release, this transaction will add 17 SRP offices with... READ MORE

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