For the second time in about as many weeks, an excessive fee suit against the fiduciaries of a university 403(b) plan has been dropped. The original suit had been filed by two participants on behalf of some 4,000 participants in the 403(b) plan of Long Island University. The plaintiffs claimed that... READ MORE

As Valentine’s Day approaches, you have perhaps seen those increasingly ubiquitous advertisements for a certain online florist. Now, I’ve used that particular service on many an occasion over the past several years; they are not only convenient, they deliver a quality product, and on time. In sum... READ MORE

A NAPA Net reader recently commented, “While I have an inkling of the trends with respect to revenue sharing, I'd like to understand what's really happening.” Here’s what NAPA Net readers told us. Asked if the plans they worked with use/participate in revenue-sharing, a plurality – 37.5% – noted... READ MORE

It is customary when sharing (or reading) the portents of a survey to focus on the actions that respondents say they have, or will undertake. But what about the things they say they will not do? Human beings gravitate toward “norms,” of course. Plan sponsors, certainly those conscious of the... READ MORE

The parties in the Duke University 403(b) suit have a homework assignment from the judge in the case. It was only about a week ago that the terms of the settlement in the case of Clark v. Duke University were announced – a $10,650,000 cash settlement and a series of changes in plan administration... READ MORE

You might well expect that the Super Bowl draws a lot of enthusiastic fan support – but this year among NAPA Net readers, there was also a fair number enthusiastically rooting for…“anybody but”… Indeed, the top response was “anybody but the Patriots,” cited by nearly 31%, though that wasn’t far... READ MORE

Will your portfolio rise with the Rams – or get pummeled by the Patriots?That’s what adherents of the so-called Super Bowl Theory would likely conclude. The Super Bowl Theory holds that when a team from the old National Football League wins the Super Bowl, the S&P 500 will rise, and when a team... READ MORE

Despite allegations of charging fees 10 times what they should be, an excessive fee suit against fiduciaries of a university 403(b) plan has been dropped.The suit was brought against the $4.2 billion University of Rochester Retirement Program less than a year ago by Christopher D’Amore on behalf of... READ MORE

A recent survey of large plan sponsors finds that, for every employer that prefers terminated participants leave the plan, there are more than six that want them to leave their balances behind. But that’s not exactly been the experience of NAPA Net readers.As it turns out, just 5% answered... READ MORE