A TPA can be a plan advisor’s best friend – and this week, we asked NAPA-Net readers to share their criteria for, and experiences working with, these partners. The “third-party” harkens back to a realization that these firms, as with recordkeepers generally, provide services to a plan sponsor that... READ MORE

Last June, for the first time in its history, leadership from all five of the American Retirement Association sister organizations was together on a single stage – but that wasn’t the most extraordinary aspect. The event was the Women in Retirement Conference (WiRC) – the combination of two unique... READ MORE

You’re part of something special. Not just because you’re in the business of helping Americans prepare for a successful retirement (though that’s also special), not just because you make a difference in the people’s lives (though there’s that) – not even because you’ve stopped here long enough to... 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 Watsonville, California, Steven Vitela, 21, was driving his Chevy Tahoe one early Sunday morning recently… when, apparently being somewhat inebriated, he lost control... READ MORE

What’s a plan fiduciary to do when a participant’s designated beneficiary is responsible for the participant’s death? That was the case in Estate of Brownell v. Lyczak (D.N.J., No. 18-16803, 10/25/19). As it turns out, on Dec. 30, 2017, Colleen Brownell was killed; on Feb. 1, 2019 the defendant in... READ MORE

The terms of an excessive fee settlement are not only the largest to date – once again, they’re about more than money. The suit – brought by five employees of Massachusetts Institute of Technology (MIT) and participants in the MIT Supplemental 401(k) Plan – was filed back in August 2016 as one of... READ MORE

Yet another financial services firm has been charged with displaying “self-interest and disregard for participants by retaining high-cost, poorly performing proprietary mutual funds in the Plan.” And subsequent menu changes are being touted as evidence that the fiduciaries should have known better... READ MORE

In what was described as “an excellent result and in Class members’ best interests,” the parties in an excessive fee suit involving both a 401(k) and 403(b) plan have come to terms. The suit involved the 401(k) and 403(b) plans of Allina Health System, which have nearly $2.3 billion in assets and... READ MORE

A new report finds “substantial” demand for CITs, alongside a growing interest in fund classes with no revenue sharing. A new report by Sway Research finds that, asked to rate the demand and need for an array of retirement-specific mutual fund share classes, most asset management firms now feel... READ MORE