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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 3/25/2019
Another investment manager sued by its own participants for running its plan as a “test vehicle for self-gain” has struck a deal with plaintiffs.
This time the money manager is Eaton Vance, who was sued by a participant in its $434 million plan for loading up its 401(k) plan with relatively...
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By Nevin E. Adams, JD 3/22/2019
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 Albany, Texas, an unnamed resident crawled underneath his house after strong winds disrupted his cable service… spotted “a few” snakes under there… quickly crawled...
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By Nevin E. Adams, JD 3/22/2019
If it’s March, then it must be time for March Madness – and whatever you’ve seen in the betting sheets, NAPA-Net readers have their own opinions.
Bracket Talk
Gonzaga was (barely) the top pick of readers to win the West bracket, pulling the support of 35%, just ahead of the 29% who were placing...
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By Nevin E. Adams, JD 3/20/2019
For the second time in less than a month, Fidelity is being accused of charging excessive, undisclosed fees via its FundsNetwork platform.
The most recent was filed by plaintiffs Gina Summers, Cynthia Eddy and Kayla Jones on behalf of the plans in which they participate (the Rock Holdings &...
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By Nevin E. Adams, JD 3/19/2019
A new report claims that participants and plan sponsors are keen on ESG – but apparently not enough to do much about it.
The report, by Cerulli Associates, cites a 2018 survey of 1,000 active 401(k) plan participants among which “more than half” agreed with the statement, “I prefer to invest in...
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By Nevin E. Adams, JD 3/18/2019
If it’s March, then it must be time for March Madness – and it’s time for NAPA-Net readers to weigh in on the team(s) that you think will make it to the Final Four, and win the national championship!
That’s right – the brackets have been set, and in this week’s reader poll, we’d like to know who...
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By Nevin E. Adams, JD 3/15/2019
While the so-called “stretch” match has been touted as a mechanism to encourage higher savings rates with no additional cost to the employer, a recent study suggests that the stretch match has its limits. This week we asked NAPA-Net readers to share their experience(s).
With a stretch match,...
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By Nevin E. Adams, JD 3/14/2019
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)…
You know what they say about letting a fox guard the chickens? Well, in Brittany, France, a fox managed to sneak in to a chicken coop here… through an automatic hatch...
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By Nevin E. Adams, JD 3/14/2019
What’s in a fund name? More – and less – than you might imagine.
According to a new paper by academics at Kansas State, Saint Louis University and Seton Hall, along with a researcher at the Ipsos Behavioral Science Center, when a participant searches through her plan’s menu of investment options...
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By Nevin E. Adams, JD 3/14/2019
Nevada may be gambling with access to brokerage services for residents, based on the reactions of a number of brokerages to the Silver State’s proposed fiduciary regulation.
According to published reports, Morgan Stanley says it would halt its brokerage services in Nevada entirely if the state...
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By Nevin E. Adams, JD 3/13/2019
“After vigorous advocacy and negotiation,” the parties in a 403(b) university excessive fee suit have come to terms.
The settlement – stuck between participant-plaintiffs Diane G. Short, Judith Daviau and Joseph Barboza and Brown University – consists of a $3.5 million cash payment and “other,...
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By Nevin E. Adams, JD 3/13/2019
Whether you’re looking to pick up a new credential – or earn some CE for a current one – the NAPA 401(k) Summit is a veritable one-stop shop.
At the 2019 NAPA 401(k) Summit, April 7-9, in Las Vegas, you’ve got a unique opportunity to not only earn NAPA’s Certified Plan Fiduciary Advisor credential...
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By Nevin E. Adams, JD 3/12/2019
There were three interesting reports published over the past week, which offered insights into ways to increase savings (or not), how to retain those accounts (or not), as well as an updated perspective on how all those comings and goings are adding up.
The first to grab my attention was the...
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By Nevin E. Adams, JD 3/12/2019
What happens after a full day of interactive and engaging convention panels and networking at the nation’s retirement plan advisor convention?
Why, you head to NAPA SUMMIT AFTER DARK, of course! Part of the NAPA 401(k) Summit, April 7-9, Las Vegas.
Sure, you’ve been to Vegas – but this year not...
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By Nevin E. Adams, JD 3/11/2019
While the so-called “stretch” match has been touted as a mechanism to encourage higher savings rates with no additional cost to the employer, a recent study suggests it has its limits. What’s been your experience?
With a stretch match, rather than offering a 50-cent match on every dollar...
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By Nevin E. Adams, JD 3/11/2019
We all know that participants (and plan sponsors) aren’t always “rational” about saving and investing. And we’ve got some very special insights for you.
And by now, most are aware that behavioral finance can offer solutions. Well, at the 2019 NAPA 401(k) Summit, we’ve got some very special...
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By Nevin E. Adams, JD 3/11/2019
“An exceptionally careful and well-informed” process has helped a plan fiduciary get most of the claims in an excessive fee suit dismissed before trial.
The suit, filed in January 2016 in the District of Colorado by the law firm of Schlichter Bogard & Denton, alleged that Oracle allowed the...
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By Nevin E. Adams, JD 3/8/2019
While many apparently missed it, last January the IRS updated the income tax withholding tables for 2018, reflecting changes made by the tax reform legislation enacted in December 2017. The effects have reportedly caught many unawares – this week we asked NAPA-Net readers to weigh in.
For many,...
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By Nevin E. Adams, JD 3/7/2019
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 Portland, Oregon, an unnamed man was spotted on a street corner here “acting erratically”… Police summoned an ambulance… and the man was persuaded to accept a ride to...
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By Nevin E. Adams, JD 3/6/2019
What is everybody who’s anybody in the retirement plan advisor space talking about?
We’ve already eclipsed last year’s record-setting advisor attendance – which did the same the year before… and the year before that. The NAPA 401(k) Summit keeps getting bigger – and yet, still keeps getting better...
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