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NAPA Net Staff
By NAPA Net Staff | 2/28/2023
The tie-breaker rule in ESG regulation has definitely led to confusion—if not outright controversy. If all else is equal and two investments are indistinguishable, the one incorporating ESG principles would then “break the tie.”
American Retirement Association Brian Graff notes that people are...
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By NAPA Net Staff | 2/27/2023
The U.S. House of Representatives' Committee on Rules has announced a meeting for today (Feb. 27) to discuss a measure targeting the Labor Department’s ESG rule.
Rep. Andy Barr's (R-KY) resolution to reverse the DOL rule—under the heading "Providing for congressional disapproval under chapter 8 of...
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By NAPA Net Staff | 2/27/2023
Legislation that purports to expand Social Security benefits, shore up program funding—and increase taxes on the “wealthy” has been reintroduced in Congress.
The Social Security Expansion Act was originally introduced last June in the Senate by Sen. Bernie Sanders (I-VT), along with Sens. Chris...
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By NAPA Net Staff | 2/27/2023
Does the Biden Administration’s new ESG rule “mandate” that ERISA plans must consider ESG factors for all retirement plan investments? The more sensational members of the mainstream press seem to think so. American Retirement Association CEO Brian Graff asks Tim Hauser, Deputy Assistant Secretary...
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By NAPA Net Staff | 2/24/2023
Does a plan sponsor violate a duty of loyalty when considering retirement plan participant preferences?
Here’s what Tim Hauser, Deputy Assistant Secretary for Program Operations of the Employee Benefits Security Administration (EBSA), had to say.
“We added a provision that expressly says the...
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By NAPA Net Staff | 2/24/2023
Proxy voting was (is) a big issue for regulators. What does the new ESG rule have to say on the topic?
Tim Hauser, Deputy Assistant Secretary for Program Operations of the Employee Benefits Security Administration (EBSA), sat down with American Retirement Association CEO Brian Graff to discuss...
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By NAPA Net Staff | 2/23/2023
Environmental, Social and Governance (ESG) investing is nothing if not controversial—especially with its use in retirement plans.
The Trump-era ESG rule, issued in the waning days of the last administration, was said by some to have a “chilling effect” on sustainable investing, something recent...
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By NAPA Net Staff | 2/23/2023
How does the Biden Administration’s ESG rule differ from its predecessor?
Tim Hauser, Deputy Assistant Secretary for Program Operations of the Employee Benefits Security Administration (EBSA), tells American Retirement Association CEO Brian Graff that the new rule was careful not to go overboard...
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By NAPA Net Staff | 2/23/2023
Leveraging its expertise in managing defined contribution plans, global advisory firm Willis Towers Watson (WTW) announced the launch of a U.S.-based pooled employer plan (PEP).
Dubbed the LifeSight PEP, the new offering seeks to help simplify 401(k) plan sponsorship for employers and improve...
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By NAPA Net Staff | 2/22/2023
What's in the Episode
In the inaugural episode of the DC Pension Geeks podcast, American Retirement Association CEO Brian Graff sits down with Lisa Gomez, the Department of Labor's Assistant Secretary for the Employee Benefits Security Administration (EBSA).
In her first major interview since...
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By NAPA Net Staff | 2/22/2023
TIAA has named Tara Latini to serve as Executive Vice President and Head of Wealth Distribution for the firm’s Wealth Management business. The financial services executive, whose career has spanned more than three decades, will be responsible for leading the client-facing wealth management team....
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By NAPA Net Staff | 2/21/2023
Health Savings Account (HSA) adoption rebounded in 2022—but few view it as a retirement account.
Enrollment in health savings account (HSA)-eligible health plans and health reimbursement arrangements reached a record high in 2020 with 19% enrolled in such a plan, slipped to 18% in 2021, but...
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By NAPA Net Staff | 2/16/2023
The White Plains, NY-based firm announced that it is expanding its leadership team, with the addition of two new Vice Presidents—Paula C. Edmonds, Vice President, Trust Services, and Jeremy Lawson, Vice President, Head of Infrastructure.
As Vice President, Trust Services, Edmonds will oversee two...
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By NAPA Net Staff | 2/15/2023
On January 30, the final rule titled “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights”—a.k.a. the “ESG rule”—became effective. American Retirement Association CEO Brian Graff recently sat down with the Employee Benefits Security Administration’s Tim Hauser to...
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By NAPA Net Staff | 2/13/2023
Steve Chipman has been appointed President of Transamerica Financial Advisors, Inc. (TFA), according to an announcement by the firm’s parent-company Transamerica.
He will report to Todd Buchanan, President of World Financial Group and Senior Vice President in Transamerica’s Individual Solutions...
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By NAPA Net Staff | 2/9/2023
The deadline to submit applications for the list of NAPA Top DC Advisor Teams and Multi-Office Firms is just around the corner!
The NAPA Top DC Advisor Team by AUA and Multi-Office Firms highlight the nation’s leading retirement plan advisor firms. Sure, we know it’s not just about the numbers—but...
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By NAPA Net Staff | 2/7/2023
OneDigital Investment Advisors has added to its retirement plan consulting and wealth management practice with the pickup of Florida Pension Group (FPG) based in St. Johns, FL.
The acquisition marks OneDigital’s seventh retirement and wealth partnership announcement in the past 12 months and...
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By NAPA Net Staff | 2/2/2023
The SECURE 2.0 Act of 2022 was signed into law in the waning days of 2022. But there are some things that need fixing—and some things you may have overlooked. Nevin (Adams) and Fred (Reish) highlight five key areas calling for attention.
The short list of things covered in this episode:...
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By NAPA Net Staff | 2/1/2023
Morningstar Investment Management and Plan Administrators, Inc. (PAi) have announced the launch of the Morningstar ESG Pooled Employer Plan (PEP) designed to select funds that limit exposure to material environmental, social and governance (ESG) risks.
The launch of the PEP coincides with the...
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By NAPA Net Staff | 1/31/2023
It was standing-room only at last year’s NAPA 401(k) Summit—and Nevin (Adams) and Fred (Reish) are back for a return engagement in San Diego!
That’s right, the must-listen podcast partners are bringing their insights (and banter) to the 2023 NAPA 401(k) Summit, April 2-4 in San Diego, California...
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