Advertisement
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 5/28/2015
If a retirement plan overpays benefits, does it have a fiduciary obligation to recover the money?Turns out the IRS has issued a Revenue Procedure (Rev. Proc. 2015-27) on the subject — and, along with a request for comments on recoupment of overpayments, provides some interim alternatives that your...
READ MORE
By Nevin E. Adams, JD 5/26/2015
Two things have been overlooked by many people in the days leading up to the Supreme Court’s decision in Tibble v. Edison International and the weeks thereafter: (1) most of the wrongs1 initially alleged did not survive the judgment of the district court; and (2) only a single issue — the...
READ MORE
By Nevin E. Adams, JD 5/22/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…
In Akron, Ohio, police were at the home of Andrew Palmer, searching it for evidence of drugs…they noticed that the house smelled of marijuana…and they saw marijuana in a glass jar inside the house…and...
READ MORE
By Nevin E. Adams, JD 5/22/2015
What do you think the retirement industry of the future will be like? Will the future be as bleak as some predict? Or are those fears overblown?Regardless of your perspective, this week NAPA Net readers rated that topic the one they’d most like to see on the agenda for the 2016 NAPA 401(k) Summit....
READ MORE
By Nevin E. Adams, JD 5/20/2015
More than a quarter of the U.S Senate — including the ranking members of the Senate HELP and Finance Committees — have asked the Obama administration to act quickly to remove “any potential uncertainty” regarding the legality of various state-based retirement programs. The letter, addressed...
READ MORE
By Nevin E. Adams, JD 5/18/2015
One of the most celebrated plan design features of the 401(k) era is automatic enrollment. Nearly as old as the 401(k) itself, once upon a time it was called a “negative election.” But regardless of the name, the concept has been extraordinarily effective at not only getting, but keeping, workers...
READ MORE
By Nevin E. Adams, JD 5/18/2015
Those looking for a bright line of illumination from the U.S. Supreme Court on fiduciary responsibilities in a 401(k) revenue-sharing case were likely disappointed May 18.The case, Tibble v. Edison International, argued before the nation’s high court on February 24, dealt with the application of...
READ MORE
By Nevin E. Adams, JD 5/15/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys…
In Pleasant Grove, Utah, Robert Phillip Rivas, 26, and Armando Jesse Ambriz, 28, robbed the Utah Community Credit Union here. Police quickly identified the culprits, and even picked up Armando just a...
READ MORE
By Nevin E. Adams, JD 5/15/2015
This week we gave NAPA Net readers the opportunity to weigh in, and vote as to which word(s) of wisdom they found most inspiring. This is, of course, the time of year when graduation speakers seek to influence and inspire graduates. Some do, and some don’t, of course. After a time most of the words...
READ MORE
By Nevin E. Adams, JD 5/15/2015
A great conference starts with great ideas.Here’s your chance to help shape the agenda for the nation’s leading retirement plan advisor conference.The 2016 NAPA 401(k) Summit will be here before you know it — April 17-19. It’s the only retirement plan advisor conference with an agenda developed by...
READ MORE
By Nevin E. Adams, JD 5/14/2015
President Obama's term in office may be coming to an end, but his administration still has an “upside-down” eye on retirement reforms — and not just the fiduciary reproposal.Speaking on Capitol Hill at an event sponsored by the Bipartisan Policy Commission, Jason Furman, chairman of President Obama...
READ MORE
By Nevin E. Adams, JD 5/12/2015
Bipartisan legislation backing S-Corp employee stock ownership plans has been introduced in the U.S. Senate.Sens. Pat Roberts (R-Kan.) and Ben Cardin (D-Md.), both members of the Senate Finance Committee, have introduced the “Promotion and Expansion of Private Employee Ownership Act,” legislation...
READ MORE
By Nevin E. Adams, JD 5/12/2015
One of my more frustrating memories of parenthood was trying to help my kids with their homework. Not because I hadn’t covered the territory once upon a time myself, or because I couldn’t manage to refresh my recollection(s) of the subject. It wasn’t enough to teach my kids a method sufficient to...
READ MORE
By Nevin E. Adams, JD 5/11/2015
This is the time of year when speakers seek to influence and inspire graduates.Some do, and some don’t, of course. After a time most of the words fade, but some bring with them that rare insight or sharing of experience that give them a resonance beyond a single graduation speech.For this week’s...
READ MORE
By Nevin E. Adams, JD 5/8/2015
Think you’ve had a bad week? It could have been worse. Check out what happened to these guys….
In Monroe County, Pennsylvania, Sirbio A. Sanchez, 43, was in the process of being released from Monroe County Correctional Facility here…when he apparently changed his mind.
In Houston, Texas, an...
READ MORE
By Nevin E. Adams, JD 5/8/2015
Eighteen Democrats in the U.S. House of Representatives have signed a letter urging the DOL to extend the comment period for its April 14 “conflict of interest” rule from 75 days to 120 days, Kevin Cirilli of The Hill reported May 7. The letter was initiated by Rep. Frederica Wilson (D-Fla.). The...
READ MORE
By Nevin E. Adams, JD 5/8/2015
Many questions remain about the Department of Labor’s fiduciary reproposal, and it seems as though more emerge every week.But, asked to rank and/or ask the question they’d most like answered about the Department of Labor’s fiduciary reproposal, NAPA Net readers chose: What is “reasonable”...
READ MORE
By Nevin E. Adams, JD 5/7/2015
Apparently the poorer and younger you are, the more likely you are to be interested in a QLAC. But if you have a retirement plan of any kind, not so much.In a presentation at the International Foundation of Employee Benefit Plans, Jack VanDerhei, research director at the nonpartisan Employee...
READ MORE
By Nevin E. Adams, JD 5/5/2015
This weekend our youngest will graduate from college. It’s a big day for him, of course, and a big deal for us, having for some part of the past eight years had either one, two — and for one interesting year, all three — of our children in college at the same time.
Life has many lessons to teach...
READ MORE
By Nevin E. Adams, JD 5/4/2015
A recent update of DC plan statistics suggests that loans, withdrawals, contributions and asset allocations were largely unchanged in 2014. But is that a good thing?The report, by the Investment Company Institute (ICI), noted that DC plan withdrawal activity in 2014 remained low: In 2014, 3.6% of...
READ MORE
Pages
NAPA's 401(k) Rollover Specialist (k)RS Credential
Recent Comments