Skip to main content

You are here

Advertisement

Portal Conductor, Columnist: Nevin E. Adams, JD

Nevin is the American Retirement Association’s Chief Content Officer and serves as Editor in Chief of NAPA Net and NAPA Net the Magazine.

Previously he was the Employee Benefits Research Institute’s Director of Education and External Relations, Co-Director of EBRI’s Center for Research on Retirement Income and Director of the American Savings Education Council.

Nevin spent a dozen years as Global Editor-in-Chief of PLANSPONSOR magazine and PLANSPONSOR.com, as well as the PLANADVISER Europe and PLANSPONSOR Europe magazines. He was the creator, writer and publisher of PLANSPONSOR.com’s NewsDash, and was instrumental in launching the publication’s popular and distinctive conference series.

He also worked at Northern Trust in Chicago in a variety of management roles, culminating in the development of a proprietary recordkeeping platform, and at Wachovia Bank, leading their defined contribution/recordkeeping businesses.

He has been honored three times by the National Association of Government Defined Contribution Administrators (NAGDCA) with their Media Recognition Award (in 2002, 2004 and 2013), and was listed as one of the Most Influential People in Defined Contribution by the 401kWire for five consecutive years.



Article Index

By Nevin E. Adams, JD 1/23/2024
Last week, a trio of academics rolled out a plan to “save” Social Security—by undermining the 401(k). Their “plan” is diabolically simple, though not unique. They’d just take away the tax preferences that support and encourage employment-based retirement plans—and “give” that money to Social... READ MORE
By Nevin E. Adams, JD 1/23/2024
Noting that “at some point, there must be some endpoint to this time-consuming and expensive cycle of litigation,” a federal judge has dismissed a 401(k) excessive fee suit. That “expensive cycle” dates back to October 2020 when a suit (Guyes et al. v. Nestle USA Inc. et al.) was brought in the U.... READ MORE
By Nevin E. Adams, JD 1/22/2024
Targeting the tie-breaker provision (still) contained in the so-called ESG rule, the 25 Attorneys General plaintiffs (along with some others) have formally appealed the district court’s support of the rule. The group filed a notice of their intent to appeal (Utah v. Walsh, N.D. Tex., No. 2:23-cv-... READ MORE
By Nevin E. Adams, JD 1/22/2024
A federal judge stands ready to approve an excessive fee settlement proposal—but not the requested attorney fees. The settlement was struck between participant-plaintiffs Brian Reichert and Derek Deviny and Juniper Networks, Inc.—the terms announced roughly a year ago. The suit in question had... READ MORE
By Nevin E. Adams, JD 1/19/2024
Well, here we are again at the end of yet another workweek …and just look at what has happened to these guys and gals… In Mississauga, Ontario, Canada, LuLu Lotus discovered a unique “talent”… and has leveraged that into a truly bizarre acknowledgement in the Guiness record books… and yes, there’s... READ MORE
By Nevin E. Adams, JD 1/17/2024
Another of the 401(k) plans sued for offsetting company contributions with plan forfeitures rather than reallocating them to participant accounts, has filed a motion to dismiss the suit. The action comes after similar motions to dismiss filed by three (and now four) of the five firms sued on those... READ MORE
By Nevin E. Adams, JD 1/16/2024
Despite long being called the “third rail” of American politics, Social Security—or more precisely its viability—has reemerged as an issue in the 2024 presidential campaign. It came up most recently in a mini-GOP debate between former U.N. ambassador/South Carolina governor Nikki Haley and Florida... READ MORE
By Nevin E. Adams, JD 1/16/2024
Yet another of the plan fiduciaries sued for offsetting employer contributions with forfeitures has moved to dismiss the suit for failure to state a claim—taking a different approach than other such motions to dismiss have thus far. This is, of course, one of five suits[i] filed against[ii] large... READ MORE
By Nevin E. Adams, JD 1/12/2024
Well, here we are again at the end of yet another workweek …and even though 2024 is (still) barely underway…well, just look at what happened to these guys and gals… Interesting…for a while, anyway…  In Southern Victoria, Australia, an unnamed fisherman pulled an unusual creature from the sea. Do... READ MORE
By Nevin E. Adams, JD 1/12/2024
The Internal Revenue Service (IRS) has issued initial guidance to help employers with implementation of pension-linked emergency savings accounts (PLESAs). Authorized under the SECURE 2.0 Act of 2022, PLESAs are individual accounts in defined contribution (DC) plans—designed to permit and... READ MORE
By Nevin E. Adams, JD 1/9/2024
Two headlines on NAPA Net caught my eye this past weekend—provocative “what if” type questions. I’m talking about “Will Retirement Income Solutions Finally Break Through in 2024?” and “Will Managed Accounts (Finally) Take Hold as QDIAs?” Both, of course, included the word “finally” in the title(s... READ MORE
By Nevin E. Adams, JD 1/9/2024
“If this is the law, then that would be news to Congress and the regulatory agencies, which have declared for decades that forfeitures can be used in this manner,” says a motion to dismiss a lawsuit alleging a fiduciary breach in offsetting employer contributions with forfeitures.  The motion to... READ MORE
By Nevin E. Adams, JD 1/8/2024
A federal judge has reviewed—and approved—an excessive fee settlement agreement, albeit with some modifications. The participant-plaintiffs in this case are Salvador Aquino, Susan Ford, Monicalayle Garcia, Barbara Kraus, Martha Lopez, Francisco Martinez, Megan Sargent[i]—bringing suit on behalf of... READ MORE
By Nevin E. Adams, JD 1/5/2024
Well, here we are again at the end of yet another workweek …and even though 2024 is barely underway…well, just look at what happened to these guys and gals… In Edmond, Oklahoma, Oakley is alive and well today…thanks to the actions of Binx…a cat…who saved Oakley, a dog from…well, you’re not going... READ MORE
By Nevin E. Adams, JD 1/2/2024
There is a “common wisdom” in our business that suggests that all plan sponsors are, more or less, alike; that large plans are the inevitable early adopters of trends that, sooner or later, trickle down to plans of all sizes. Consequently, those who make their living trying to discern trends and... READ MORE
By Nevin E. Adams, JD 1/2/2024
A number of lawsuits have recently been filed regarding the alleged misuse of forfeitures—but just a couple of months ago a plan was sued—and lost—a case brought by the Labor Department for not following the plan document’s forfeiture provisions. According to the Labor Department, on Dec. 27, 2017... READ MORE
By Nevin E. Adams, JD 12/29/2023
Well, here we are again at the end of yet another workweek …and another year—and yet, there’s (still) no shortage of…well, just look at what happened to these guys and gals… In Boston, Massachusetts, things got a little too real in a live nativity scene here…with certain parties taking it on the “... READ MORE
By Nevin E. Adams, JD 12/28/2023
A billion-dollar plan has come to terms—cash and non-monetary terms—with participant-plaintiffs represented by Capozzi Adler that had made claims the plan paid $77 per participant, when plans of similar sizes were paying as little as $25 per participant. The suit had been filed against Advance... READ MORE
By Nevin E. Adams, JD 12/26/2023
A brand new year awaits us – and with the New Year comes an opportunity to assess and reassess – for some when, resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue. Here are some for plan fiduciaries for 2024 – that could benefit plan outcomes for years to... READ MORE
By Nevin E. Adams, JD 12/21/2023
Well, here we are again at the end of yet another—albeit shortened—workweek…and yet, there’s (still) no shortage of…well, just look at what happened to these guys and gals… The Worst National Park Reviews of the Year, including classics like “There was nothing to do, I didn’t see a bear, and that... READ MORE

Pages

Advertisement