Ours is a complex and complicated business — constantly changing and evolving. And yet, there are key fallacies about today’s retirement system — and how it compares with what used to be — that will not go away.Back in the good old days being “covered” by a pension plan meant you would actually get... READ MORE

Seems like every other week there is a survey, or a story about a survey, that purports to chronicle Americans’ confidence (or lack thereof) about their prospects for a financially viable retirement.Those results frequently seem at odds with the financial realities shared by survey respondents, but... READ MORE

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Plans that have, or have been contemplating, automatic enrollment features just got some good news from the Internal Revenue Service.In Rev. Proc. 2015-28, issued April 2, the IRS provided new safe harbor correction methods for errors relating to automatic contribution features, including automatic... READ MORE

Its day in court just days away, Ameriprise Financial, Inc. opted to settle a 2011 lawsuit claiming breach of fiduciary duty in the company’s 401(k) plan for $27.5 million.As noted below, while the case had many of the same issues and factual considerations common in these so-called “excessive” 401... READ MORE

A federal district court has dismissed retirement plan participant claims that Fidelity violated ERISA by keeping or improperly using “float income” generated by their plan(s).The ruling came in the consolidation of four class actions in the U.S. District Court for the District of Massachusetts... READ MORE

As spring follows winter, so apparently do dire predictions about the nation’s retirement prospects. For example, the Center for Retirement Research (CRR) at Boston College now claims we are looking at a $7.7 trillion dollar “retirement gap” for American workers, up from $6.6 trillion five years... READ MORE

Plan sponsors have a lot to keep up with — but what’s the biggest mistake they make?Well, according to this week’s poll of NAPA Net readers, the biggest mistake lies in either not understanding their responsibilities (or misunderstanding them), or making bad assumptions about those responsibilities... READ MORE

Floridians who take loans against their retirement plans have to pay a state tax on those distributions. But the Florida House of Representatives is considering a bill that could affect that tax treatment.State Rep. W. Gregory Steube (R-73) in January introduced HB 101, a measure that would exempt... READ MORE