NAPA Net Staff

Speaker of the House Headlines 2015 NAPA DC Fly-In Forum

By NAPA Net Staff | 4/14/2015

Speaker of the House John Boehner will keynote the 2015 NAPA DC Fly-In Forum, July 21-22 in Washington, D.C.First elected to Congress in 1990, Boehner was a leading proponent of expanding investment advice in workplace retirement plans in the late 1990s. From 2001 to 2006, he served as chairman of... READ MORE

Senate Finance Report Calls for More NQDC Limits

By NAPA Net Staff | 4/13/2015

In a new report, Democratic staff members of the Senate Finance Committee take aim at what the report calls “tax avoidance strategies,” including non-qualified deferred compensation (NQDC) plans.The document, “How Tax Pros Make the Code Less Fair and Efficient: Several New Strategies and Solutions... READ MORE

The Top DCIOs According to Plan Sponsors

By NAPA Net Staff | 4/13/2015

When choosing a new fund, which DCIOs do plan sponsors consider? According to a recent Cogent survey of 620 plan sponsors, Vanguard has replaced Fidelity as the most likely choice. Newcomers to the top 10 this year include John Hancock Funds, JP Morgan, Goldman Sachs and Prudential, with BlackRock... READ MORE

Retirement Legislation Springing Forth in Massachusetts

By NAPA Net Staff | 4/10/2015

Legislators in the Bay State have been busy developing bills that could impact the private employer sponsored retirement system should they become state law. In the current legislative session, two bills have been offered that attempt to regulate 401(k) plans — apparently overlooking the... READ MORE

Could Obamacare Lead to Higher Retirement Plan Contributions?

By NAPA Net Staff | 4/10/2015

A new survey of small business owners has uncovered a surprising consequence of the Affordable Care Act (ACA) on their operations — a trend to increase employer contributions to their retirement plans.In fact, the survey, conducted on behalf of the Nationwide Retirement Institute (NRI) by Harris... READ MORE

For 401(k) Investors, Good News on TDF Returns, Fees

By NAPA Net Staff | 4/9/2015

Morningstar’s 2015 Target-Date Fund Landscape report is out — and the news is good for retirement savings plans. The report notes that the annualized asset-weighted investor return over the 10 years ending in December 2014 stood at 6.1%, 1.1 percentage points higher than the typical target-date... READ MORE

Towers Watson CEO: Trends Don’t Favor Lifetime Income Adoption

By NAPA Net Staff | 4/8/2015

While industry pundits (and many advisors) continue to tout the prudence, if not necessity, of retirement plan lifetime income options, current trends don’t appear favorable, according to John Haley, Chief Executive Officer at Towers Watson.Speaking at a Bipartisan Policy Center event in Washington... READ MORE

fi360 Survey Backs DOL Fiduciary Regulation

By NAPA Net Staff | 4/7/2015

According to a survey largely comprised of responses from RIAs/IARs, the Department of Labor’s fiduciary proposal wouldn’t be a bad thing — and should be extended to 401(k) rollovers. However, the survey’s authors acknowledge what seems to be a significant shift in the composition of respondents... READ MORE

Retirement Focus Grows for NQDC Plans

By NAPA Net Staff | 4/6/2015

A growing number of employers report that their nonqualified deferred compensation plans are offered “to provide a vehicle for retirement savings.”The ninth annual MullinTBG/PLANSPONSOR Executive Benefits Survey notes that the percentage of respondents who reported that their NQDC plan was offered... READ MORE

Avoid ‘Heir-ors’ on Forms to Prevent Beneficiary Bedlam

By NAPA Net Staff | 4/6/2015

The process seems pretty simple — you fill out the beneficiary form when you open your IRA account, tuck it away, and you’ve secured your legacy for your loved ones. What could possibly go wrong? Well, let’s see …Failing to Update Your Beneficiary FormConsider these potential outcomes that could... READ MORE

Resisting the Path of Least Resistance

By NAPA Net Staff | 4/6/2015

March Markets Mixed for 401(k) Balances

By NAPA Net Staff | 4/2/2015

After a string of positive months for average 401(k) balances, the markets finally took their toll in March.The average account balance of those aged 55-64 with more than two decades of tenure with their current employer slipped 0.7% last month, although the average account balance of those aged 25... READ MORE

Helping Automatically Enrolled Participants Maximize Their Match

By NAPA Net Staff | 4/2/2015

Participants in automatic enrollment plans tend to save below the level of the employer match, clustering around the relatively low default rates. But does this trend hold over time?New research from Vanguard notes that at a given point in time, one-third of participants in Vanguard plans... READ MORE

5 Plan Provisions That Can Reduce ERISA Litigation Risk

By NAPA Net Staff | 4/1/2015

Avoiding litigation should be plan sponsors’ primary goal, but prudent plan drafting goes beyond mere risk avoidance.A new analysis by litigation attorneys at Mayer Brown (registration required) points out that the focal point of any lawsuit under ERISA for benefits purportedly owed under the terms... READ MORE

HSA Contributions Drifting Lower: EBRI

By NAPA Net Staff | 4/1/2015

Individuals’ contributions to Health Savings Accounts (HSAs) had been increasing until 2011, but have declined since, according to new research.Between 2011 and 2014, the percentage of individuals reporting that they contributed nothing to their HSA increased from 11% to 23%, while the percentage... READ MORE

IRS Makes it Easier to Resolve Plan Loan Problems

By NAPA Net Staff | 4/1/2015

The Internal Revenue Service is moving to make it easier – and in some cases cheaper – to remedy plan problems with participant loans.In Revenue Procedure 2015-27, the IRS said it is reducing voluntary correction program (VCP) compliance fees relating to failures to meet requirements with respect... READ MORE

The Principal Unveils Retirement Transition Program

By NAPA Net Staff | 3/30/2015

The Principal Financial Group® announced March 25 that it has consolidated new and existing resources into a retirement transition program that offers an increased level of engagement, education and service for participants age 55 and older.The primary goals of the program are to build certainty... READ MORE

DC Asset Rise Outpaced IRA Growth in Q4 2014

By NAPA Net Staff | 3/30/2015

Total U.S. retirement plan assets were $24.7 trillion as of Dec. 31, 2014, with defined contribution assets registering the strongest percentage growth, according to a new report.While total retirement plan assets were up 1.7% from the $24.2 trillion mark at Sept. 30, 2014, according to the... READ MORE

Want to Boost Your Lifetime Income Score? Hire an Advisor.

By NAPA Net Staff | 3/30/2015

American retirement savers looking for an edge in achieving lifetime income security would be well advised to seek out an advisor, according to a new report.The report, published by Empower Institute Research, notes that people who work with a paid advisor have a nearly 30 percentage point... READ MORE

Empower Receives ‘Deal of the Year’ Award

By NAPA Net Staff | 3/27/2015

Empower Retirement received the Deal of the Year award at the 22nd annual Mutual Fund Industry Awards, held in New York City on March 26. Empower was formed last year through Great-West Financial’s acquisition of the J.P. Morgan Retirement Plan Services large-market record keeping business, which... READ MORE

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