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 Ballwin, Missouri, an unnamed woman was riding in her car… with a TV in the front passenger seat… when she made a turn… leading to the TV rolling from the seat… onto... READ MORE

The U.S. Supreme Court has agreed to take on yet another ERISA case this term. This case – Thole v. U.S. Bank, N.A., U.S., No. 17-1712, certiorari granted 6/28/19 – involves a suit by participants in U.S. Bank’s pension plan who, after the plan fiduciaries alleged mismanagement resulted in $750... READ MORE

As the end of the second quarter approaches, a reader asked: “How many advisors use webcast platforms for some or all of the quarterly Committee meetings – and how are those received?” As NAPA-Net readers know, there are few things more valuable in your day than time – and so-called “virtual”... READ MORE

Our industry has long disparaged the apparent “overindulgence”1 of participants in the stock of their employer as a retirement investment. However, for plan fiduciaries – and those who advise them – there may be a more pressing concern. Anyone who has been paying attention to 401(k) plan... READ MORE

As the end of the second quarter approaches, a reader asked, “How many advisors use webcast platforms for some or all of the quarterly Committee meetings – and how are those received?” As NAPA-Net readers know, there are few things more valuable in your day than time – and so-called “virtual”... 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 Bossier, Louisiana, Franklin Welzbacher, 43, strolled over to his neighbor’s garage…and made off with a few items…including a surveillance camera…a live streaming... READ MORE

A plan sponsor fiduciary won their case in court, refuting allegations that they should have removed a fund from the plan’s investment menu. The plaintiff in this case was one Marc J. Muri, an employee of National Indemnity, an insurance provider located in Omaha, Nebraska, and a participant in... READ MORE

A recent headline screamed that 401(k) savings rates have “stagnated” – but that’s missing the point. “Stagnated” in this case apparently means that the average savings rate in 2018 — both employee and employer contributions — was 10.6%, roughly the same as the 10.4% rate reported in the survey in... READ MORE

An excessive fee suit has been granted class action status in federal court. This time it’s a group of former participants in the JPMorgan Chase 401(k) Savings Plan, a plan that has approximately 266,000 to 300,000 participants and more than $14 billion in assets. Suit ‘Case’ In considering the... READ MORE