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

The Department of Labor announced a final rule today that expands the availability of some multiple employer plans (MEPs) – and an RFI that seeks more information on “open” MEPs.  Acknowledging that Association Retirement Plans (ARPs) and MEPs exist now, the Labor Department notes that in addition... READ MORE

Target date funds continue to proliferate – and though a mere handful of firms dominate that space, the retirement assets of an entire generation seem headed in that direction. This week, NAPA-Net readers weighed in on how/if their recommendations have changed. We were first of all curious as to... READ MORE

A bill to provide some relief for the struggling multiemployer pension system has been reintroduced in the U.S. Senate – even as the House of Representatives passed comparable legislation. Last night the House passed the Rehabilitation for Multiemployer Pensions Act (H.R. 397) in a 264-169 vote (... READ MORE

  A key university 403(b) suit remains alive, as the fiduciary defendants lost their bid to have a rehearing of the case rejected.  The case – one of the first of the university 403(b) suits filed in 2016 – and brought by participants in the $3.8 billion University of Pennsylvania Matching Plan... READ MORE

Target-date funds continue to proliferate – and though a mere handful of firms dominate that space, the retirement assets of an entire generation seem headed in that direction. Are your recommendations focusing on “to” or “through” retirement – and with the markets at all-time highs, has that... READ MORE