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NAPA Net Staff
By NAPA Net Staff | 12/20/2023
Another major industry acquisition was announced on Wednesday with news that Aon will buy NFP. Aon will pay $13.4 billion ($7 billion in cash and $6.4 billion in stock).
The acquisition reportedly expands Aon's reach in the large and middle-market risk, benefits, wealth, and retirement plan...
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By NAPA Net Staff | 12/20/2023
While participation rates in 401(k) plans dropped in 2022, participation rates increased in 403(b) plans in the same time frame to a record high, according to the Plan Sponsor Council of America’s (PSCA) 2023 403(b) survey.
PSCA is part of the American Retirement Association.
The survey,...
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By NAPA Net Staff | 12/19/2023
Retirement and benefits administration service provider BPAS announced that its AutoRollovers service has joined with the SS&C Technologies’ Automatic Rollover Program (ARP) to enhance retirement plan servicing.
The collaboration between BPAS AutoRollovers and SS&C's ARP aims to simplify...
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By NAPA Net Staff | 12/15/2023
Baltimore-based Transamerica announced that it has been selected as the recordkeeper for Gallagher's new 401(k) Choice Pooled Solutions, offering small and large employers the choice to join the group retirement plans or a pooled employer plan.
Through a single contract, an employer can select...
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By NAPA Net Staff | 12/14/2023
Voya Financial recently announced the launch of its new employee homepage dashboard, offering data-driven personalized insights to help inform employees of their complete health and financial picture.
The new experience—which will be available to Voya’s Health Solutions and Wealth Solutions...
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By NAPA Net Staff | 12/12/2023
Independent financial services firm Alera Group announced that it has acquired the Fraser Group, a retirement plan consulting practice led by George Fraser.
Fraser and his Scottsdale, AZ-based team will continue in their existing roles and combine operations with the retirement plan services...
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By NAPA Net Staff | 12/10/2023
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What did the Setting Every Community Up for Retirement Enhancement (SECURE) Act’s passage in 2019 do for lifetime income in retirement plans, and what lessons can be learned from the success of pension risk transfer?
We...
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By NAPA Net Staff | 12/5/2023
The Commonwealth Financial Network—the nation’s largest privately held independent RIA-broker/dealer firm dedicated to providing financial advisors with holistic, integrated business solutions—announced the expansion of its in-house investment management platform, PPS Select.
According to the firm...
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By NAPA Net Staff | 12/4/2023
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The momentum around retirement income products has gained steam as participants are increasingly interested in adding a strategy for guaranteed lifetime income. With a wide range of features, fee structures, and implementation...
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By NAPA Net Staff | 11/30/2023
Happy Birthday, ERISA!
It’s been 50 years since the Congress passed landmark legislation that protected the savings of American workers and—arguably—created an entire industry. It’s now time for the golden anniversary.
The American Retirement Association announced that it and eight associations...
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By NAPA Net Staff | 11/29/2023
On Oct. 31, the Biden Administration rolled out its long-anticipated update to the fiduciary rule.
While it has a new name—the Retirement Security Rule—it builds on and extends the Labor Department’s reach by focusing on both the needs and perceptions of the retirement investor and eliminating...
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By NAPA Net Staff | 11/29/2023
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The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says, and what it does dominate industry discussion, so American Retirement Association CEO...
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By NAPA Net Staff | 11/29/2023
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The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO...
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By NAPA Net Staff | 11/29/2023
Hear Full Episode: Listen on iTunes | Listen on Spotify | Listen on Google Podcasts
The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO...
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By NAPA Net Staff | 11/29/2023
Hear Full Episode: Listen on iTunes | Listen on Spotify | Listen on Google Podcasts
The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO...
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By NAPA Net Staff | 11/28/2023
The global professional services firm has announced that its pooled employer plan—the Aon PEP—has reached $2 billion in 401(k) assets under administration and commitments since its inception in 2021 and has doubled during the last year.
According to the firm’s announcement, the Aon PEP currently...
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By NAPA Net Staff | 11/22/2023
At the 2023 NAPA/NTSA ERISA 403(b) conference, Nevin & Fred went LIVE to focus on the differences in SECURE 2.0 for 403(b) and 401(k) plans—with a special guest. And then the focus turned to litigation.
Since late 2016, nearly two dozen excessive fee lawsuits have been filed against major...
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By NAPA Net Staff | 11/17/2023
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November Episode Description:
Sponsored By:
PenChecks COO Alexandra Gerritsen has been a hard charger her entire career, delivering exceptional performance for her employers. Her journey was full of eye-opening “Oh S@%$”...
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By NAPA Net Staff | 11/15/2023
Financial advisors can now offer retirement plan sponsors access to a cost-effective, streamlined plan solution with fiduciary and investment support under a new collaboration announced between Envestnet and Empower.
The solution—Envestnet Retire Complete—combines Envestnet’s fiduciary guidance...
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By NAPA Net Staff | 11/15/2023
After denying a request to extend the comment period for its proposed guidance to update the definition of an investment advice fiduciary, the Department of Labor announced that the Employee Benefits Security Administration (EBSA) will hold an online hearing beginning Dec. 12.
According to the DOL...
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