While traditional and Roth IRAs play a key role in household balance sheets, representing 36% of household financial assets among those owning them, new research also reveals that rollover activity,... Read More
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IRA Rollover
BY Ted Godbout | 1/25/2024
New research by Cerulli Associates finds that more than two-thirds (70%) of retirement specialist advisors say participants in their defined contribution (DC) plans frequently ask them questions... Read More
BY Ted Godbout | 8/1/2023
To better support retirement savers, Vanguard and the Retirement Clearinghouse (RCH) announced that they are expanding their relationship to include services to individual retirement account (IRA)... Read More
BY Nevin E. Adams, JD | 7/3/2023
A federal magistrate judge has recommended curtailment of a key rollover provision of the Labor Department’s investment advice regulation.
The recommendation of U.S. Magistrate Judge Rebecca... Read More
BY Nevin E. Adams, JD | 3/24/2023
Ours is a business guided by black and white laws, but with lots of gray nuance and interpretation applied to individual situations. This week, we asked readers to weigh in on some questions that... Read More
BY Ted Godbout | 1/23/2023
A new report reveals that individual retirement account (IRA) assets reached nearly $14 trillion in 2021, thanks in large part to rollovers from defined contribution (DC) plans.
According to The... Read More
BY NAPA Net Staff | 1/6/2023
Inertia is a powerful force—and that, combined with simplicity, seems to be acting as a rollover retention magnet for recordkeepers.
In fact, the portion of rollover transactions going to “... Read More
BY Nevin E. Adams, JD | 7/5/2022
As new rules about rollover disclosures kick in, a new report highlights an often unacknowledged risk of rollovers—high(er) fees.
That’s right—a new report from Pew Trusts seems to have stirred up... Read More
BY Nevin E. Adams, JD | 6/29/2022
The Labor Department is pushing back against litigation challenging specific elements of its FAQs regarding the fiduciary rule.
The suit (Am. Sec. Ass’n v. U.S. Dep’t of Labor, M.D. Fla... Read More
BY NAPA Net Staff | 6/8/2022
There are some “new” rules with rollovers—and a new requirement that kicks in July 1.
The Labor Department’s expanded definition of fiduciary advice is described in the preamble to PTE 2020-... Read More
BY John Ortman | 4/1/2022
NAPA 401(k) Summit attendees got a sneak peek at NAPA’s newest (K)RS credential currently in development on Day 1 of this year’s Summit.
The Rollover Specialist (K)RS Credential... Read More
BY John Iekel | 12/6/2021
In a private letter ruling (PLR), the IRS has issued a waiver of the 60-day rollover deadline for Roth amounts erroneously deposited in traditional IRA. It issued PLR 202147015 on Sept. 1,... Read More
BY Ted Godbout | 8/25/2021
New research finds that de-risking is commonplace, with 75% of retirees reducing their equity exposure when they roll over their assets from a 401(k) to an IRA, but doing so at an inopportune time... Read More
BY John Iekel | 6/23/2021
Rollovers from defined contribution plans to IRAs increased by more than 12.6% in 2020, according to a recently released study.
The Secure Retirement Institute estimates that... Read More
BY Ted Godbout | 11/13/2019
The asset allocation found in IRAs in many cases is drastically inconsistent with the asset allocation found in the 401(k) plans before rolling over to IRAs, according to a new issue brief from EBRI... Read More
BY Ted Godbout | 10/19/2018
The federal government’s updated unified regulatory agenda has shed light on the status of the Securities and Exchange Commission’s and Department of Labor’s efforts on investment advice and the now-... Read More
BY John Iekel | 12/5/2017
IRAs play an increasingly large and important role in bolstering retirement readiness, says a recent analysis — and rollovers are a critical part of that vitality. It further reports that while... Read More
BY NAPA Net Staff | 5/15/2017
More than $400 billion is rolled over from DC plans – but most of that isn’t going to the current plan provider.While 8 in 10 DC plan participants who roll their assets into an IRA speak to someone... Read More
BY NAPA Net Staff | 4/14/2017
What does the extension of the fiduciary regulation’s applicability date mean for rollovers?In a recent blog post, noted ERISA attorney Fred Reish discusses the impact of those changes on fiduciary... Read More
BY NAPA Net Staff | 3/8/2017
The Labor Department isn’t the only regulator hoping to protect participants from questionable rollover advice.A recent blog post by Fred Reish reminds that FINRA, which oversees broker-dealers,... Read More
BY NAPA Net Staff | 3/6/2017
Much of the preparation for the Labor Department’s fiduciary regulation has involved a focus on rollover advice – but it now looks like the SEC is gearing up a larger focus as well.A new blog post... Read More
BY NAPA Net Staff | 1/25/2017
A recent survey finds that most households are rolling their entire retirement plan account balance into an individual retirement account, and that the vast majority claim to have a strategy for... Read More
BY NAPA Net Staff | 12/12/2016
The Department of Labor’s fiduciary regulation provides that a recommendation to take a distribution from a plan, and to roll the money over to an IRA, is a fiduciary act. But what are the relevant... Read More
BY NAPA Net Staff | 11/18/2016
Under the DOL’s fiduciary regulation, the recommendation of a plan distribution and IRA rollover will be fiduciary advice, subject to the best interest standard of care and the prohibited transaction... Read More
BY Jon Vogler | 11/10/2016
The new provision can help people who missed the deadline due to error, illness or other reasons.On Aug. 24, 2016, the Internal Revenue Service (IRS) provided a self-certification procedure designed... Read More
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