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NAPA Net Staff

By NAPA Net Staff | 1/8/2013
Are employer-sponsored Health Savings Accounts the new “401(k) plans for health care”? According to a Fox Business report they may well be. Money going in and out of HSAs — if spent on medical expenses — is tax free and grows tax free. And unlike health flexible spending accounts, unspent funds... READ MORE
By NAPA Net Staff | 1/8/2013
It’s no secret that most of NAPA’s 4,000 members enrolled as part of NAPA’s relationships with its Firm Partners. What’s pleasing too is that NAPA has also attracted hundreds of individual plan advisors to join NAPA on their own. Here’s an interesting profile of those individual plan advisors that... READ MORE
By NAPA Net Staff | 1/8/2013
Arthur J. Gallagher & Co. announced the acquisition of Gardner & White, an employee benefits consultant based in Indianapolis specializing in the health care industry. Last week Gallagher announced two other acquisitions, including Michigan-based Eriksen Group and Minnesota-based Unisom.... READ MORE
By NAPA Net Staff | 1/8/2013
In his monthly “Investment Outlook,” PIMCO’s Bill Gross questions the long-term wisdom of the Fed’s continuing efforts to keep the economy growing by pumping in money to spur investments. As Ben Bernanke said in November 2011, “Like gold, U.S. dollars have value only to the extent that they are... READ MORE
By NAPA Net Staff | 1/8/2013
The Wall Street Journal picked its 2012 winners and losers after a year that showed steady gains with low volatility amid worries and uncertainty like the fiscal cliff, European debt and China’s slowing growth. The S&P (counting dividends) was up 15%, the DJIA 6%, NASDAQ almost 14% and junk... READ MORE
By NAPA Net Staff | 1/8/2013
Roughly three-fourths of affluent investors perceive at least one major threat to their retirement security, but strategies for overcoming these threats vary by risk tolerance, according to a December survey from Spectrem’s Millionaire Corner. Self-described conservative investors are most likely... READ MORE
By NAPA Net Staff | 1/7/2013
Just two weeks after it was started, the NAPA LinkedIn group has grown to more than 500 retirement plan professionals — many of whom are participating actively in discussion threads. As of today, for example, there were 22 posts in a wide-ranging discussion sparked by a commentary about the pending... READ MORE
By NAPA Net Staff | 1/7/2013
MarketWatch columnist Chuck Jaffe hopes that Americans’ anger at Washington for waiting until the very last minute to address the fiscal cliff will be a lesson for those individuals who are putting off saving enough for retirement. “If we learn anything from the fiscal cliff — from our disgust with... READ MORE
By NAPA Net Staff | 1/7/2013
This may be news only to the president and Congress, but not only do American workers think the government should take steps to enhance tax incentives for retirement plans like 401(k)s, but most don’t expect to rely on Social Security — which younger workers don’t even think will be around when... READ MORE
By NAPA Net Staff | 1/4/2013
Publicly, people scoff at lists and awards but privately, almost everyone looks at them. As the 401(k) industry becomes more attractive to RIAs, and vice versa, RIABiz decided to publish their own version of a “10 most influential individuals in the 401(k) industry affecting RIAs in 2012” list (not... READ MORE
By NAPA Net Staff | 1/4/2013
Part of the deal that avoided the fiscal cliff allows eligible DC participants to more easily convert to a Roth IRA (free registration required). That put 401(k) plans front and center with the press, including the Washington Post, New York Times and Forbes.As a result, participants will pay taxes... READ MORE
By NAPA Net Staff | 1/4/2013
Morningstar recently announced its Manager of the Year awards for 2012. Their criteria: managers must be Morningstar Medalists, must have generated strong long-term risk-adjusted returns, and must be strong stewards of investor capital. Along with domestic, international and fixed income,... READ MORE
By NAPA Net Staff | 1/3/2013
If your clients’ New Year’s resolutions include being a better plan fiduciary, they are certainly part of a small and heady group. Here’s a list of 10 resolutions they might consider, provided by the Bryan Cave law firm:• Get fiduciary liability insurance.• Three P’s — practice procedural prudence... READ MORE
By NAPA Net Staff | 1/3/2013
There are many reasons why advisors considering the DC market should not dabble, including the need for high levels of technical competency, fiduciary risk and the long sales cycle. According to research by Cerulli just published in the Wall Street Journal, another reason is that a third of the... READ MORE
By NAPA Net Staff | 1/2/2013
Here are the 10 most-read items on NAPA Net last month, listed Letterman-style:10. Cliff Diving Now Looks More Likely 9. Social Security Changes for 2013 and FAQs on 403(b) and 457 Plans 8. WSJ: Advisors in the Driver’s Seat of 401(k) Plans 7. LPL’s New Worksite Financial Solutions Hinges on... READ MORE
By NAPA Net Staff | 1/2/2013
Even if you hate New Year’s resolutions, they can be useful for setting goals over a reasonable period of time. Here are 10 good ones for plan advisors, from the SEI Advisor Network:• Make sure that your business practices and procedures are aligned with your business goals.• Spend more face time... READ MORE
By NAPA Net Staff | 1/2/2013
In a relatively quick timeframe, MassMutual announced today that it has completed its acquisition of The Hartford’s retirement business. The acquisition was originally announced last September. There are only a few providers with significant business in the small (<$10 million) and mid-sized ($... READ MORE
By NAPA Net Staff | 12/31/2012
The vast majority of retirement plans do not have to be audited, leading some to argue that the 100-eligible-employee threshold, which has been in place for a while, should be increased. Regardless, retirement plan sponsors with 100+ eligible employees — not 100 participating employees, which is... READ MORE
By NAPA Net Staff | 12/31/2012
Fred Reish, Drinker Biddle’s resident ERISA expert, provides an investment policy guide to plan fiduciaries when selecting and monitoring TDFs. Though TDFs are similar in nature to other plan investments, Reish suggests that they are sufficiently different to warrant different treatment. In... READ MORE
By NAPA Net Staff | 12/31/2012
Editor’s Note: A number of recent studies clearly demonstrate the importance of the work done by “face-to-face” financial advisors, in terms of the success and results of the account balances in 403(b) and 457 plans. We are told in those studies that the face-to-face service not only increases the... READ MORE

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