The excessive fee settlement recently announced between the parties in a suit involving a large university plan has been challenged – by a law professor at the university. The settlement – the terms of which were announced in April – was struck between participant-plaintiffs (represented by the... READ MORE

A strong and growing practice is all about relationships – and yet, the growing part often makes relationship development hard, if not impossible. This week we asked NAPA-Net readers about the customer relationship management (CRM) system(s) they use – and why. As for what CRM they use today,... READ MORE

Plan sponsors have a lot of responsibilities and often rely on others to help them keep their plan operating in accordance with the law. And yet, even with the most attentive plan sponsors, mistakes (still) occur.  Here’s a list of some of the most common missteps:  1. Not using the plan’s... READ MORE

A strong and growing practice is all about relationships – and yet, the growing part often makes relationship development hard, if not impossible. That’s why a number of readers have asked us – to ask you – what, if any, customer relationship management platform(s) you use, have used, and would use... READ MORE

  The Treasury Department and IRS have published final regulations on hardship distribution options – and there are some changes, and clarifications, from the proposed version. You’ll recall that the Bipartisan Budget Act of 2018 (“BBA 2018”) directed the Secretary of the Treasury to “modify §1.... READ MORE

The settlement terms of two fiduciary breach suits involving a 401(k) plan, its investment structure, plan consultant, and selection of target-date funds have been submitted for court approval. The class settlement – reached between Safeway, Inc., its plan consultant (AON Hewitt Investment... READ MORE

A lawsuit challenging California’s auto-IRA program for private sector workers just got the backing of the federal government. Last month the Department of Justice asked a federal court to hold off ruling on a suit challenging California’s auto-IRA program for private sector workers.  The Case at... READ MORE

Another of the university 403(b) excessive fee suits has settled – less than a week before its scheduled trial date. While it is hardly the first to strike a deal just ahead of trial, it seems fair to say that this one has gone places in arguments and counter arguments that – thus far have been... READ MORE

If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In High Springs, Florida, Mary Liane Fritz, 30, followed a woman… who said Mary was stalking her… to the High Springs Police Station here… Officers subsequently placed... READ MORE