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NAPA Net Staff

By NAPA Net Staff | 12/3/2015
You would think that doctors would be well-set financially, but a new survey finds that in many respects they aren’t much different than the rest of us.According to Fidelity Investments’ analysis of 13,330 physicians’ workplace savings plans, physicians are saving on average a healthy 19.8% (... READ MORE
By NAPA Net Staff | 12/3/2015
What employee benefit would most American workers choose if they could? A new survey suggests that it depends upon their generation and gender.Overall, 47% of American workers age 18 and older prefer more vacation time, though nearly as many (44%) preferring better 401(k) matches, according to the... READ MORE
By NAPA Net Staff | 12/2/2015
With just one month to go in 2015, the average 401(k) balance gained a little more ground in November, though it was contributions that seemed to do most of the heavy lifting.The average account balance of younger, less-tenured workers (age 25-34, 1-4 years of tenure) climbed 1.6% in November, on... READ MORE
By NAPA Net Staff | 12/2/2015
While the share of Millennial households that own mutual funds is smaller than that of older generations, they started investing at a younger age than previous generations, according to a new report.Nearly one-third of Millennial households owned mutual funds in mid-2015, while about half of Baby... READ MORE
By NAPA Net Staff | 12/2/2015
Allianz Global Investors, an asset management company of Allianz SE, recently announced the development of a Glidepath Optimizer, which translates specific plan demographic information into an optimized glidepath in real time.The tool analyzes the average employee population that will most likely... READ MORE
By NAPA Net Staff | 12/2/2015
Drawing from your own experiences with Millennial plan participants — or from the scores of industry studies about them that are released every year — how would you design an education strategy that fits into their world? Writing in the Fall issue of NAPA Net the Magazine, columnist Jania Stout, co... READ MORE
By NAPA Net Staff | 11/30/2015
A new survey finds that workers with 401(k) plans saved four times more than those without access to one when they saved consistently, said they wouldn’t have saved as much if they didn’t have a 401(k) (75%), and felt more secure about their retirement because they are contributing to a 401(k) (84... READ MORE
By NAPA Net Staff | 11/30/2015
Retirement saving messages often emphasize the importance of a long-term perspective, but a new survey finds that many American investors have trouble doing so.When it comes to evaluating investments, 36% of respondents look to one-year performance as the most important indicator of an investment’s... READ MORE
By NAPA Net Staff | 11/30/2015
That “unique representational interest” that the Labor Department feels justifies the sponsorship of an open multiple employer plan (MEP) by a state for its citizens might extend beyond state boundaries.Assistant Secretary of Labor Phyllis Borzi says that some New England states have approached the... READ MORE
By NAPA Net Staff | 11/30/2015
Pension plan sponsors have long been concerned about rising PBGC premiums — but now a major ratings agency has raised its concerns as well.Following the recent announcement by the Pension Benefit Guaranty Corporation (PBGC) that its multiemployer pension insurance fund deficit had surged by $10... READ MORE
By NAPA Net Staff | 11/30/2015
A federal district court judge has approved what plaintiffs’ attorneys have called an $11 million settlement in another so-called excessive fees case, though the actual cash outlay will be significantly less.Under the terms of the settlement of the class action lawsuit, approved by U.S. District... READ MORE
By NAPA Net Staff | 11/24/2015
The good news is that the Securities and Exchange Commission has established a date for notice of proposed rulemaking (NPRM) for the Personalized Investment Advice Standard of Conduct. The bad news? That date, according to the SEC Office of Management and Budget’s fall agenda, is October 2016.SEC... READ MORE
By NAPA Net Staff | 11/24/2015
A new report challenges the notion that the tax deferral basis of the current U.S. retirement savings system is “upside down.” Noting that tax expenditure estimates of the benefits of tax deferral have been widely used to motivate proposals to change the tax treatment of employer-sponsored... READ MORE
By NAPA Net Staff | 11/24/2015
While wellness programs remain popular among plan sponsors, they don’t seem to be gaining much traction with workers.Driven by ongoing concerns over worker stress (75%), obesity (70%) and sedentary lifestyles (61%), employer commitment to health and productivity remains strong, and Towers Watson’s... READ MORE
By NAPA Net Staff | 11/23/2015
According to published reports, Fidelity is ending its alliance with Betterment Institutional, with plans to unveil a new digital platform, including plans for a digital offering for advisors.The New York Times reports that Fidelity is testing its own automated investing platform, which it is... READ MORE
By NAPA Net Staff | 11/23/2015
 A new survey finds some stark differences in the savings attitudes and behaviors of Millennials, Gen Xers and Boomers.A nationwide survey of 1,000 401(k) plan participants commissioned by Schwab Retirement Plan Services, Inc. finds that Millennials, more than any other group, may not be saving... READ MORE
By NAPA Net Staff | 11/20/2015
The “Sandwich Generation” (roughly those age 45-65) and the Millennials (roughly those age 18-35) are separated in age by one to four decades. That’s quite a gap, and those generations have starkly different needs and concerns. But while the reasons for it may differ, they are alike in at least one... READ MORE
By NAPA Net Staff | 11/20/2015
Securities and Exchange Commission Chair Mary Jo White faced some tough questions Nov. 18 from members of the House Financial Services Committee on both sides of the aisle concerning her agency’s work on setting a uniform fiduciary standard of conduct for advisors. White testified before the... READ MORE
By NAPA Net Staff | 11/20/2015
The Department of Labor has criticized an effort by a bipartisan group of members of the U.S. House of Representatives to address concerns about its proposed fiduciary rule, with a DOL spokesman calling the initiative “puzzling and disappointing.” Reps. Phil Roe (R-Tenn.), Richard Neal (D-Mass.),... READ MORE
By NAPA Net Staff | 11/20/2015
Many retirement income projections take an individual’s pre-retirement income, assume some percentage of that will be required to sustain spending in retirement, and then assume a relatively consistent drawdown from those funds. However, a new report suggests that spending in retirement is anything... READ MORE

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