The U.S. Solicitor General has weighed in with the Supreme Court on a case involving where, and how, to draw the line between the obligations of corporate officials and ERISA plan fiduciaries. That line – contained in an amicus brief to the justices of the U.S. Supreme Court – was drawn pretty... READ MORE

We really hadn’t been focused on making a change, though the subject had come up from time to time.  In fact, considering how long we had been thinking about making a change without actually doing anything about it, the change itself felt almost accidental in its suddenness. So sudden, in fact,... READ MORE

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