The successful appeal of an excessive fee suit dismissal has triggered a review of another decision. The suit, involving the University of Pennsylvania Matching Plan, was given new life following an appellate court’s remand following dismissal by the district court. In 2015, Investment manager... READ MORE

A reader notes, “the MEP topic at the NAPA 401(k) Summit sparked some interesting discussion among advisors during the peer session” – and did so again in this week’s NAPA-Net Reader Poll. MEPs, or multiple employer plans – more specifically “open” MEPs – have long been touted as at least a... 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 Millbrook, Alabama, Amber Lewis, 33, called police to report a burglary in progress at her home… except, as it turns out, there was no burglar… but you’ll never... READ MORE

Plan sponsors and service providers already take seriously their responsibilities to protect participant data, but where are the lines of responsibilities and accountability in the event of a breach? That was the focus of a workshop at the Plan Sponsor Council of America’s 2019 National Conference... READ MORE

A reader notes, “the MEP topic at the NAPA 401(k) Summit sparked some interesting discussion among advisors during the peer session” – and wonders if advisors see their emergence as a threat to your business. Well, do you? MEPs, or multiple employer plans – more specifically “open” MEPs – have... READ MORE

While it’s unlikely to be “two for the price of one,” with a trial date looming, the parties in an excessive fee suit have come to terms – on two separate cases. Safeway Inc. has settled two proposed class actions regarding its 401(k) plan just two weeks before the trial date. In one, Safeway and... READ MORE

A new survey finds a massive shift in sentiment toward retirement income solutions. But among NAPA-Net readers, has that trend piqued interest – or just peaked? The survey – of the “largest and mid-sized 401(k) consultants and advisors” – was reported by fixed income money manager PIMCO. It claims... READ MORE

In a major victory for the advocacy efforts of the American Retirement Association, new rules under the IRS’ Employee Plans Compliance Resolution System (EPCRS) will make it easier – and less costly – to fix certain operational issues without the need for an IRS filing or payment of a user fee. ... READ MORE

After extensive litigation, lengthy discovery, and protracted arm’s-length negotiations with the assistance of a national mediator, the parties in an excessive fee suit have announced the terms of their settlement agreement – and once again, it's about more than lost money. Specifically,... READ MORE