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Portal Conductor, Columnist: Nevin E. Adams, JD
Nevin is the former Chief Content Officer and Head of Retirement Research for the American Retirement Association. One of the retirement industry’s most prolific writers, these days he’s “retired,” which means he writes less, but continues to keep his eye on developments in, and threats to, the nation’s private retirement system.
In addition to helping guide the agenda development for the NAPA 401(k) Summit, he’s also the “Nevin” in the Nevin & Fred podcast (along with renowned ERISA attorney Fred Reish), offering irreverent, but relevant perspectives on the critical issues confronting plan sponsors, advisors, and retirement industry professionals.
Article Index
By Nevin E. Adams, JD 7/17/2015
A lot has changed since NAPA Net readers last weighed in on the Labor Department’s fiduciary proposal — and so has our readers’ sense of what it could mean.In the six months since then, we’ve not only gotten a chance to see and evaluate the proposal, but comments have been rolling in.That activity...
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By Nevin E. Adams, JD 7/17/2015
A lot has changed since NAPA Net readers last weighed in on the Labor Department’s fiduciary proposal — and so has our readers’ sense of what it could mean. In the six months since then, we’ve not only gotten a chance to see and evaluate the proposal, but comments have been rolling in. That...
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By Nevin E. Adams, JD 7/16/2015
How robo-advisors will affect the advisor marketplace remains to be seen — but new research offers insights into how the next generation of investors might respond.The Hearts & Wallets study, “New Needs, New Competitors, New Solutions: Young Investors Speak, Revealing the Real Reasons for the ‘...
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By Nevin E. Adams, JD 7/15/2015
While poor health conditions can lead to an early retirement, a new study suggests that health improves after retirement — though perhaps not immediately.Better yet, the research finds that retirement has no statistically significant impact on health care utilization, at least in the long run.The...
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By Nevin E. Adams, JD 7/15/2015
A new study casts a shadow on the positive impacts of automatic enrollment, finding that automatically enrolled older workers receive less in annual total contributions.The study, based on data for American workers age 55-69, confirms the findings of other studies that find that automatic...
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By Nevin E. Adams, JD 7/14/2015
Diamonds may be forever, but apparently fiduciary liability for choosing annuities in a DC plan is not.That’s likely the most significant takeaway for advisors and plan sponsors from Field Assistance Bulletin (FAB) 2015-02. In that document, acknowledging that “confusion or lack of clarity” about...
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By Nevin E. Adams, JD 7/14/2015
There are a lot of big and complicated decisions associated with running a retirement plan. And then there are the “little” ones that turn out to be not-so-little, and far more common than you might think.Not depositing contributions on a timely basis.The legal requirements for depositing...
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By Nevin E. Adams, JD 7/13/2015
Back in January, we asked NAPA Net readers to share their opinions on the most likely outcome of the Labor Department’s fiduciary reproposal.In the six months since then, we’ve gotten a chance to evaluate the proposed rule, and comments have been rolling in to the DOL. Soon the DOL will hold...
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By Nevin E. Adams, JD 7/10/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…
Near Arab, Alabama, Brad Lynn Hemby and a female companion broke into a home there…but were caught by the homeowner, and looked to make their escape…jumping into their truck, cutting across a pasture…and...
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By Nevin E. Adams, JD 7/10/2015
Among the respondents to this week’s NAPA Net reader poll, roughly 55% said that fewer than 10% of their plan sponsor clients had an option for participants to choose installment payments as a distribution option, while just 18% said that 10-25% of their plan sponsor clients had that choice.Asked...
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By Nevin E. Adams, JD 7/10/2015
Plan sponsors who want to “de-risk” their pension plans will no longer be able to give participants who are currently receiving monthly annuity benefits the option to convert that benefit to a lump sum, according to new rules from the IRS.IRS Notice 2015-49, issued June 9, provides that qualified...
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By Nevin E. Adams, JD 7/7/2015
In a remarkably short period of time, target-date funds have become an integral component of the typical 401(k) menu, and a growing share of 401(k) plan assets — particularly those of newly hired 401(k) plan participants — are being directed to TDFs.Whether you are a plan fiduciary evaluating the...
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By Nevin E. Adams, JD 7/6/2015
There is a growing interest in helping participants make better decisions about their retirement plan distributions, perhaps through the expansion of better retirement plan distribution options.While the slow take-up rate on annuity options by plan sponsors has been noted by a number of industry...
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By Nevin E. Adams, JD 7/2/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…They made a smartphone case that looks like what? In Wolstanton, Staffordshire, UK, Dave Sayers, 49, was coming off the golf course when, having ingested more than a little alcohol, decided to attempt a...
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By Nevin E. Adams, JD 7/2/2015
Got your summer vacation plans made? If not, NAPA Net readers have some recommendations.It’s the time of year when vacations — past, present and future — are on everyone’s minds (even among those not able to take them). But given a long list of comparative choices, Yellowstone was the top rated...
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By Nevin E. Adams, JD 7/2/2015
Advisors are important to retirement plans — and retirement plans are important to the ultimate financial independence of millions — but then, that’s not what Independence Day is all about.It is easy, looking back, to gloss over just how remarkable was the sequence of events that made this nation’s...
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By Nevin E. Adams, JD 6/30/2015
While retirement and retirement savings may not be high on your Independence Day weekend agenda, it can be a good time to focus on things that have been pushed aside for more pressing priorities. Here are four steps you can take this weekend that can help put you on the road to achieve financial...
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By Nevin E. Adams, JD 6/30/2015
The nation’s highest court has declined to weigh in on a reverse stock-drop case, leaving in place a standard of fiduciary review higher than that traditionally imposed in such cases.The traditional standard of review has been whether a prudent fiduciary could have made the same decision as the...
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By Nevin E. Adams, JD 6/29/2015
It’s the time of year when vacations — past, present and future — are on everyone’s minds (even among those not able to take them).For this week’s reader poll, we’d like you to rank the nation’s best summer vacation location. And while we have a list from which you can choose, you can also write in...
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By Nevin E. Adams, JD 6/26/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…
In Palm Harbor, Florida, Joshua Masciarelli, 23, was walking by an intersection late one Saturday night recently… when he was spotted wearing a red tank top…stopping occasionally, and posing like Superman...
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