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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 7/29/2019
Odds are you’ve been involved with the development and/or review of a request for proposal (RFP). Indeed, you/your services may even have been the subject of an RFP. But have you ever been involved with one of these? We’re talking about a plan audit – and while it’s not generally considered a... READ MORE
By Nevin E. Adams, JD 7/29/2019
A court challenge to California’s CalSavers program has reemerged, claiming the state-run mandatory auto IRA program for private sector workers poses a significant financial risk to taxpayers. The filing (titled somewhat unwieldly, “Plaintiffs’ opposition to Defendants’ motion to dismiss first... READ MORE
By Nevin E. Adams, JD 7/29/2019
The Department of Labor announced a final rule today that expands the availability of some multiple employer plans (MEPs) – and an RFI that seeks more information on “open” MEPs.  Acknowledging that Association Retirement Plans (ARPs) and MEPs exist now, the Labor Department notes that in addition... READ MORE
By Nevin E. Adams, JD 7/29/2019
More than 2,500 advisors have already weighed in – and time’s running out! Only plan advisors know how important their local DC wholesaler can be in growing, building and managing their practice. Here’s your chance to tell them how much you appreciate their efforts. We call them “Wingmen” because... READ MORE
By Nevin E. Adams, JD 7/26/2019
Target date funds continue to proliferate – and though a mere handful of firms dominate that space, the retirement assets of an entire generation seem headed in that direction. This week, NAPA-Net readers weighed in on how/if their recommendations have changed. We were first of all curious as to... READ MORE
By Nevin E. Adams, JD 7/25/2019
A bill to provide some relief for the struggling multiemployer pension system has been reintroduced in the U.S. Senate – even as the House of Representatives passed comparable legislation. Last night the House passed the Rehabilitation for Multiemployer Pensions Act (H.R. 397) in a 264-169 vote (... READ MORE
By Nevin E. Adams, JD 7/25/2019
A federal judge has rejected an attempt by the Schlichter law firm to disqualify Marcia Wagner as an expert witness in an excessive fee case. The lawsuit in question, Marshall v. Northrop Grumman Corp., was filed in September 2016 by the law firm of Schlichter, Bogard & Denton on behalf of... READ MORE
By Nevin E. Adams, JD 7/25/2019
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 Huntingburg, Indiana, Andrew Masterson, 27, was charged with two counts of criminal mischief, two counts of criminal trespass, two counts of operating a motor vehicle... READ MORE
By Nevin E. Adams, JD 7/23/2019
  A key university 403(b) suit remains alive, as the fiduciary defendants lost their bid to have a rehearing of the case rejected.  The case – one of the first of the university 403(b) suits filed in 2016 – and brought by participants in the $3.8 billion University of Pennsylvania Matching Plan... READ MORE
By Nevin E. Adams, JD 7/23/2019
A recent federal court decision should remind us all of the importance of plan committee education. The case involved a suit by participants in the SunTrust 401(k) plan (see Is Fiduciary Responsibility Retroactive?) that challenged the initial selection of, and subsequent acquiescence with, an... READ MORE
By Nevin E. Adams, JD 7/22/2019
Target-date funds continue to proliferate – and though a mere handful of firms dominate that space, the retirement assets of an entire generation seem headed in that direction. Are your recommendations focusing on “to” or “through” retirement – and with the markets at all-time highs, has that... READ MORE
By Nevin E. Adams, JD 7/22/2019
Participants have accused plan fiduciaries of “stuffing cash into a mattress” while at the same time forcing participants “to play the fool’s game” by offering only “high-cost actively managed funds.” Plaintiffs Gloria G. Ferguson and Cassandra McClinton “individually and as representative of a... READ MORE
By Nevin E. Adams, JD 7/19/2019
While there’s likely a rocky confirmation road ahead, President Trump has announced (via tweet) his choice as the next Secretary of Labor. “I am pleased to announce that it is my intention to nominate Gene Scalia as the new Secretary of Labor,” Trump tweeted Thursday evening. “Gene has led a life... READ MORE
By Nevin E. Adams, JD 7/18/2019
A federal judge has weighed in on a question relevant to new plan committee fiduciaries: When and how does their liability for the decisions of previous committee members begin? This case (Fuller v. SunTrust Banks, Inc., N.D. Ga., No. 1:11-cv-00784-ODE, 7/16/19) arises out of a suit brought by... READ MORE
By Nevin E. Adams, JD 7/18/2019
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 Daytona Beach, Florida, Antonio Jamal Gearing, 29, was on trial, accused of robbing a Dollar General store at gunpoint… and absconding with $687… but then he made a... READ MORE
By Nevin E. Adams, JD 7/18/2019
A reader comments, “Too often we get caught up in the complexities of financial wellness, etc. without improving the basics, such as the number of people who have even signed up for online access to their retirement account.” So, what do NAPA-Net readers think – and do? Asked which measures of... READ MORE
By Nevin E. Adams, JD 7/17/2019
When it comes to ERISA litigation, we often only get to hear one side of the story – the plaintiffs’. But one of the defendants in an excessive fee case is fighting back. The plaintiffs in this case are five employees of the Massachusetts Institute of Technology (MIT) and participants in the MIT... READ MORE
By Nevin E. Adams, JD 7/16/2019
While I am sure there was a period in my youth when I wanted to be a fireman, a cowboy, or maybe even a professional athlete, my earliest memories are of wanting to be an astronaut.  Never mind that my odds of becoming a professional athlete were, even then, considerably better than those of... READ MORE
By Nevin E. Adams, JD 7/16/2019
An excessive fee suit has been dismissed on relatively unique grounds. This suit (Stanley v. George Washington Univ., 2019 BL 259889, D.D.C., No. 1:18-cv-00878-JDB, 7/15/19) – another of the suits filed against university 403(b) plans – claims that the fiduciaries of George Washington University’s... READ MORE
By Nevin E. Adams, JD 7/15/2019
A reader comments: “Too often we get caught up in the complexities of financial wellness, etc. without improving the basics, such as the number of people who have even signed up for online access to their retirement account.” This week, we’d like to know: Are you tracking the basics with your plan... READ MORE

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