Advisors might be most concerned about client retention – but what are those clients concerned about? Advisors participating in the nation’s retirement plan advisor convention brought a lot to the sessions, networking, and – once again, shared valuable insights via an exciting new medium: the NAPA... READ MORE

A $10 billion 401(k) plan has been sued for breach of fiduciary duty for selecting – and keeping – an underperforming target-date fund family on its fund menu. The plaintiffs here (Chandra V. Brown-Davis, Yolanda Brown, Ronald Dinkel, Siobhan E. Fannin, Daphne G. Jacob, Kristie Kolacny, Dianna J.... READ MORE

With a week’s worth of voting and 1,300 votes, some interesting trends are (already) emerging… There are currently more than 100 topics in the database – and roughly a quarter have been added as suggestions by readers since the poll opened on Monday. At the end of Week #1, the top trending topics... READ MORE

While disputing allegations and denying liability, plan fiduciaries have announced the second largest monetary settlement to date regarding a university retirement plan. This settlement – for $14,000,000 – involves the $4.3 billion Johns Hopkins University 403(b) Plan, a suit brought by the law... READ MORE

The Department of Justice has asked a federal court to hold off ruling on a suit challenging California’s auto-IRA program for private sector workers. The suit in question is a challenge by the Howard Jarvis Taxpayers Association, claiming that the California Secure Choice Retirement Savings Trust... READ MORE

A “third party administrator fee” was used to skim more than $3.3 million from employees’ paychecks. From 2013 through 2017, some 300 workers at Plainville, CT-based Ferguson Electric and Ferguson Mechanical Ferguson had deductions of some $1.60 to $3.15 per hour taken from their fringe benefits... READ MORE

While a plan audit – and plan auditor selection – is not generally considered a central part of the plan services on which advisors are typically focused, perhaps it should be. This week, we asked NAPA-Net readers about their experience(s) – and learned a lot! Consider that this is not only a... READ MORE

A pair of relatively unknown law firms have now notched a fourth ERISA excessive fee suit. The latest has been brought against Cincinnati-based TriHealth, Inc.’s retirement plan by Greg Coleman Law and Jordan Lewis PA on behalf of plaintiffs Danielle Forman, Nichole Georg and Cindy Haney,... READ MORE

Odds are you’ve been involved with the development and/or review of a request for proposal (RFP). Indeed, you/your services may even have been the subject of an RFP. But have you ever been involved with one of these? We’re talking about a plan audit – and while it’s not generally considered a... READ MORE