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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 3/14/2019
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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By Nevin E. Adams, JD 3/6/2019
Democrats in both houses of Congress have introduced legislation that will tax financial transactions – including those in your 401(k).
"It's called the Wall Street Tax Act, but it's really a Main Street savings attack," said Brian Graff, CEO of the American Retirement Association.
The Wall...
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By Nevin E. Adams, JD 3/5/2019
Plan fiduciaries have prevailed again for a decision to continue to keep a mutual fund investment in the plan, even after plaintiffs alleged “…it became apparent that the Fund was no longer a suitable investment for participants’ retirement savings.”
Case History
The plaintiffs here are...
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By Nevin E. Adams, JD 3/5/2019
In recent weeks, the headlines have been full of stories about tax refunds – or, perhaps more accurately, the lack of tax refunds.
It’s the kind of thing that might not normally find its way into the headlines, but this particular situation has struck a chord – both because it includes people who...
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By Nevin E. Adams, JD 3/4/2019
Whether or not you’ve started on your 2018 taxes yet, many have – and, according to the headlines, there’s been some controversy about their refunds. Have you noticed?
While many apparently missed it, last January the IRS released Notice 1036, which updated the income-tax withholding tables for...
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By Nevin E. Adams, JD 3/4/2019
Plan fiduciaries have asked the nation’s highest court to weigh in on when ERISA’s three-year statute of limitations begins – and if disclosure alone is enough to start that clock.
In asking the U.S. Supreme Court to take up the case, plan fiduciaries at Intel said the question presented was “...
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By Nevin E. Adams, JD 3/1/2019
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 Florida, a new bill introduced in the state senate proposes to take distracted driving to a whole new level… including reading, writing and applying makeup as actions...
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By Nevin E. Adams, JD 3/1/2019
Punxatawny Phil’s prediction of an early spring may have been off the mark, but February was another good month for 401(k) balances.
While the second month of 2019 wasn’t exactly a “Groundhog Day” repeat of January, according to estimates from the nonpartisan Employee Benefit Research Institute (...
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