Advertisement
NAPA Net Staff
By NAPA Net Staff | 3/17/2015
ERISA attorney Fred Reish has some thoughts on what he calls “the hottest ERISA issue of 2015.”In a recent blog post, he acknowledges that is the DOL’s proposal to expand the definition of fiduciary advice. Reish acknowledges that much of the opposition to the reproposal has been to the prohibited...
READ MORE
By NAPA Net Staff | 3/15/2015
Record highs on Wall Street did little to motivate participant movement in February — and while transfers favored fixed income during the month, international funds also had some allure.According to Aon Hewitt’s 401(k) Index, which tracks the activity of roughly 1.3 million participants and $160...
READ MORE
By NAPA Net Staff | 3/12/2015
A group of eight Republican senators, including the Chairmen of the Senate Finance Committee and the Senate Committee on Health, Education, Labor & Pensions (HELP), have expressed their concerns about the potential negative consequences for American workers if the Labor Department’s fiduciary...
READ MORE
By NAPA Net Staff | 3/12/2015
In coming years, more than half of workers and retirees in terminated multiemployer plans will face a reduction in benefits under current Pension Benefit Guaranty Corporation (PBGC) guarantees if their plans run out of money, according to a new study.In the past, only about 20% of workers and...
READ MORE
By NAPA Net Staff | 3/11/2015
Schwab announced the release of its much awaited robo advisor, Schwab Intelligent Portfolios (SIP), on March 9.However, the retail offering, which is being touted with no advisory fees, commissions or service fees, does have a minimum required investment of $5,000.Look for a national advertising...
READ MORE
By NAPA Net Staff | 3/11/2015
Do you suffer from paraskevidekatriaphobia? It’s a special version of triskadekaphobia — the fear of the number 13 — and it refers to a fear of Friday the 13th. Whether you are superstitious or not, you won’t want to let this Friday the 13th pass without registering for the NAPA 401(k) Summit, to...
READ MORE
By NAPA Net Staff | 3/9/2015
The job of a plan sponsor is complex and ever-changing. In fact, there are so many things to worry about, it seems that there is a nearly infinite list of things that can go wrong on any given day.Advisors not only see what can go wrong, they’re often involved in rectifying those problems. And of...
READ MORE
By NAPA Net Staff | 3/9/2015
Retirees will need an average of $2.5 million to maintain the same quality of life in retirement, according to a recent Legg Mason survey.The majority (72%) of the 458 U.S. respondents to the Legg Mason Global Investment Survey — all affluent investors (defined as having at least $200,000 in...
READ MORE
By NAPA Net Staff | 3/9/2015
At its annual national sales meeting, OneAmerica® unveiled a new a practice management program for financial advisors that offers strategies in areas such as sales, marketing, branding, HR, client services, finance and operations. “This new platform is designed to help financial advisors grow...
READ MORE
By NAPA Net Staff | 3/8/2015
A recent survey of plan sponsors revealed that more than a third were not aware of their status as fiduciaries.That lack of awareness has actually increased in recent years, according to an Alliance Bernstein plan sponsor survey. In the 2011 survey, 30% of plan sponsor respondents didn’t realize...
READ MORE
By NAPA Net Staff | 3/5/2015
The Labor Department has repeatedly claimed to be consulting with the Securities and Exchange Commission on its fiduciary reproposal — but a couple of key House Republicans would like to see some proof.House Education and the Workforce Committee Chairman John Kline (R-Minn.) and Rep. Phil Roe (R-...
READ MORE
By NAPA Net Staff | 3/4/2015
Legislative phoenixes that would codify the president’s MyRA proposal and change the qualified plan loan rules have arisen in both chambers of Congress.MyRALegislation has been reintroduced in both the House and the Senate that would formally enact President Obama’s federal automatic IRA program....
READ MORE
By NAPA Net Staff | 3/4/2015
Broadridge Financial Solutions, Inc. announced March 3 that it has acquired Direxxis LLC, a provider of cloud-based marketing solutions and services, to expand its suite of solutions for wealth and asset managers. Financial terms were not disclosed.Direxxis' marketing management and automation...
READ MORE
By NAPA Net Staff | 3/4/2015
February turned out to be a good month for the stock markets — and for 401(k) participants.The average account balance of those aged 55-64 with more than two decades of tenure with their current employer was 1.4% higher for the month, while the average account balance of those aged 25-34 with just...
READ MORE
By NAPA Net Staff | 3/3/2015
NAPA announced the three finalists for its 2015 401(k) Advisor Leadership Award on March 3. Drawn from a group of 10 outstanding semifinalists by a blue-ribbon panel of judges, the finalists for the 2015 401(k) Leadership Award are: Corby Dall, AIF, PPA of 401(k) Advisors Intermountain, Sandy,...
READ MORE
By NAPA Net Staff | 3/2/2015
Say you had an opportunity to sit down with a group of advisors, and you had an hour to share ideas, experience, ask questions about…anything. What would you most like to talk about?What's on YOUR mind?And it’s not just a rhetorical question — once again this year at the NAPA 401(k) Summit, we have...
READ MORE
By NAPA Net Staff | 3/2/2015
It’s no longer just states that are looking at the notion of expanding retirement plan coverage in the private sector.Last week New York City Public Advocate Letitia James introduced legislation creating a commission of experts to study the establishment of a pension fund for private sector workers...
READ MORE
By NAPA Net Staff | 2/27/2015
Vanguard plans to expand its low-cost target-date lineup with an array of new mutual funds and trusts for institutional investors by the end of the second quarter, the company announced Feb. 26. Additionally, Vanguard will increase the exposure to international equity and fixed income in several...
READ MORE
By NAPA Net Staff | 2/26/2015
Fidelity Investments® announced Feb. 26 an innovative new program designed to motivate investors to accelerate their retirement preparedness through a matching contribution component to qualifying IRAs. The firm’s new IRA MatchSM program encourages investors to increase their retirement savings by...
READ MORE
By NAPA Net Staff | 2/26/2015
The recent White House budget proposal sets aside $6.5 million in funding for the Department of Labor, along with waiver authority, to support state efforts to implement state-based automatic enrollment IRAs or 401(k)-type programs.Currently more than a dozen state legislatures are actively...
READ MORE
Pages
Advertisement
Advertisement
Sign up for The Daily
NAPA's 401(k) Rollover Specialist (k)RS Credential
Recent Comments