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NAPA Net Staff

By NAPA Net Staff | 10/31/2012
Despite the weight of anecdotal evidence suggesting that the DOL’s fee disclosure regulations are not achieving at least one of their main goals — educating participants — the rules are here to stay, so everyone concerned must pay attention to them. That message was conveyed by ASPPA’s General... READ MORE
By NAPA Net Staff | 10/30/2012
By Maribeth KuzmeskiAre you using video to connect with prospects, clients, referrals and potential alliances? Did you know that, according to Forrester Research, a website with a video is 53 times more likely to come up on the first page of results on Google than the exact same page without video?... READ MORE
By NAPA Net Staff | 10/30/2012
In a 2012 survey, Pensions and Investments and Rocaton Investment Advisors polled 221 DC executives from firms managing $374 billion about their views on retirement income, fee disclosure regulations and stable value funds.Though 73% of providers indicated that they were likely to offer retirement... READ MORE
By NAPA Net Staff | 10/30/2012
The U.S. Supreme Court has declined to hear an appeal that would have revived a lawsuit against a major 401(k) insurance record keeper alleging excessive fees in annuity contracts. The Court refused to hear the appeal without comment. An adverse ruling in the case would have cast a pall over 401(k... READ MORE
By NAPA Net Staff | 10/30/2012
By Steve SullivanLeading with a bullhorn and a battle cry, ASPPA’s Executive Director and CEO Brian Graff called on attendees at the 2012 ASPPA Annual Meeting Oct. 28 to marshal their resources and get ready for what lies ahead — namely tax reform — and don’t allow history to repeat itself.“I want... READ MORE
By NAPA Net Staff | 10/29/2012
With more DC assets going into stable value funds, the question is whether anyone can really determine what the fees are and whether these types of investments can comply with the new DOL fee disclosure rules. For all but the larger plans, it can be hard to determine what the fees are; and without... READ MORE
By NAPA Net Staff | 10/29/2012
Fewer people leaving their 401(k) plans are keeping their money there, according to a JPMorgan study of participants in their DC plans. In 2008, 19% kept their money, compared with 17% in 2012. Participants seem to be more proactive — wanting more control of their retirement assets and someone to... READ MORE
By NAPA Net Staff | 10/26/2012
The 2012 DCIO Provider List (see below) includes the 41 firms actively selling to plan advisors. To be on the list, providers must have dedicated sales people calling on advisors in the DC market and must available on a majority of the platforms of national record keepers. Twelve of these 41 firms... READ MORE
By NAPA Net Staff | 10/26/2012
Think that 401(k) lawsuits are over? Think again. Emboldened by recent successes and armed with more information through the fee disclosure regulations and benchmarking data, plaintiff attorneys’ next target could be advisors, warns Fred Reish of Drinker Biddle. Reish views the relevant law as more... READ MORE
By NAPA Net Staff | 10/26/2012
3Ethos’ Don Trone, founder of fi360, and Warren Cormier of Boston Research Group, in cooperation with Financial Advisor magazine, have completed the first edition of an annual study intended to benchmark best practices and ultimately measure the rate of adoption and the success of advisors who have... READ MORE
By NAPA Net Staff | 10/25/2012
Twenty-six years ago today, President Reagan signed a sweeping bipartisan tax reform that chopped the top individual income tax rate from 50% to 28%; curbed special deductions, exclusions and breaks; gave most families a tax cut; left the richest 1% paying a slightly higher share of taxes; and didn... READ MORE
By NAPA Net Staff | 10/25/2012
According to a study by The American College, 40% of small business owners have no retirement savings or pension plan in place — even though many are over 50. Furthermore, the study found that three-fourths of those owners have no written plan for funding their retirement. Equally surprising, many... READ MORE
By NAPA Net Staff | 10/25/2012
Pop quiz time: What’s the percentage of U.S. workers in the moderate income range — that is, those who make $30,000 to $50,000 a year — without access to an employer-sponsored plan who are saving for retirement through an IRA? Is the answer:30%20%10%5%The answer is: Among moderate income workers... READ MORE
By NAPA Net Staff | 10/24/2012
What are the three most common mistakes made by investors? According to a survey of advisers by Chris Carosa, they are:• trying to beat the market;• playing it safe; and• timing the market.Investors either get too aggressive — which leads to adviser turnover — or they get too conservative,... READ MORE
By NAPA Net Staff | 10/24/2012
Is long term care insurance a long time gone? In the wake of a skeptical report by Moody’s and a dramatic price increase by one of the major carriers (driven by higher-than-expected medical costs and lower lapse rates), the potential buyers’ market has shrunk — as has the number of LTCI carriers.... READ MORE
By NAPA Net Staff | 10/24/2012
We all know it’s hard to get participants to focus on their retirement plans, but apparently many of them don’t even know how much they are deferring, according to a survey by T. Rowe Price. In an interview that aired on Fox Business News, T. Rowe’s John Ritter indicated this seems to be the case.... READ MORE
By NAPA Net Staff | 10/23/2012
In a simple but complete checklist, T. Rowe Price details all the duties of a plan fiduciary, along with guidelines on how to best complete them. The checklist includes areas like:• Roles and responsibilities – who, what and how• Investments – IPS monitoring and compliance• Admin – process and... READ MORE
By NAPA Net Staff | 10/23/2012
The recent recession had a greater impact on adults aged 36-40 than on any other age group, according to a study by the Pew Research Center. Americans’ median wealth dropped by half during the recession, partly due to far lower home values — leaving some homeowners underwater. Fewer of these adults... READ MORE
By NAPA Net Staff | 10/23/2012
A main focus of this year’s presidential election campaign — in the debates as well as the candidates’ TV and print ads — has been the plight of middle class Americans, with both candidates promising to relieve the tax burden on the middle class. But did you know that tax-deferred contributions to... READ MORE
By NAPA Net Staff | 10/22/2012
By Heather Lutze[Editor’s Note: This commentary by Heather Lutze, CEO of Findability Group, was first published on Findability’s blog. It is posted here with permission. Lutze is the author of a recommended e-book on social media, Thumbonomics: The Executive Guide to Social Media Marketing. She has... READ MORE

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