After over four years of hard-fought litigation, the parties in a suit involving fund menu construction have come to a partial settlement.
By partial, we mean that plaintiffs Wendy Berry, Lorri... Read More
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Legislation
BY NAPA Net Staff | 12/9/2022
The current focus for this Congress may be on SECURE 2.0, but legislators from both parties and both houses of Congress have introduced a new retirement savings bill.
The Retirement Savings for... Read More
BY NAPA Net Staff | 12/5/2022
With the ink on the Labor Department’s new ESG regulation barely dry, U.S. Senator Tom Cotton (R-AK) has introduced legislation to stop it.
“Retirement plans should prioritize ... Read More
BY Ted Godbout | 12/1/2022
With speculation running rampant on whether Congress will approve the SECURE Act 2.0 in the remaining days of the 117th Congress, we sat down with American Retirement Association CEO Brian Graff to... Read More
BY NAPA Net Staff | 11/29/2022
With Congress poised to pass another comprehensive retirement policy bill this year—a new analysis underwritten by the American Retirement Association shows the dramatic impact on retirement savings—... Read More
BY Ted Godbout | 11/16/2022
The Senate Finance Committee Chairman apparently remains bullish on the prospects that follow-on legislation to the original SECURE Act will be enacted this year during the lame-duck session.... Read More
BY Ted Godbout | 11/14/2022
Both the House and Senate are scheduled to return this week for a lame-duck session, but the dust hasn’t settled yet on the elections and time is running short, including whether the SECURE Act 2.0... Read More
BY Ted Godbout | 11/4/2022
Legislation that seeks to stem retirement plan leakage by providing incentives for the use of automatic portability arrangements in defined contribution plans picked up support in the U.S. House of... Read More
BY John Iekel | 11/1/2022
Feeling SECURE? We’re still fairly new at implementing the first one, and here comes the second. In an Oct. 24 session of the 2022 ASPPA Annual conference, two industry experts offered a deep dive... Read More
BY John Iekel | 10/25/2022
In working on behalf of retirement plans, retirement plan participants, and those who support them, one of the constants is the importance of a bipartisan approach, American Retirement Association... Read More
BY Ted Godbout | 10/20/2022
Just as the Department of Labor (DOL) gets set to release a final regulation allowing the use of environmental, social and governance (ESG) factors by fiduciaries when selecting plan investments,... Read More
BY Ted Godbout | 10/6/2022
Shortly before recessing for the mid-term elections, the House of Representatives approved legislation opposed by the American Retirement Association that would prohibit arbitration and discretionary... Read More
BY John Iekel | 10/4/2022
Legislation that could affect retirement plans is pending on Capitol Hill—the midterm elections loom and its remaining weeks after that will be a “lame-duck” session. But that may not spell doom for... Read More
BY Nevin E. Adams, JD | 9/30/2022
A trio of Republican legislators have introduced a bill that would widen the acceptable investment classes in defined contribution plans to, well, pretty much anything—including “digital assets.”... Read More
BY Ted Godbout | 9/27/2022
Citing the dramatic rise of so-called “unicorns” and various companies operating in the “dark,” three Senate Democrats have introduced legislation to require companies to file public reports with the... Read More
BY Ted Godbout | 9/8/2022
We now have legislative language for the Enhancing American Retirement Now (EARN) Act—and a quick review finds a change from the concept draft regarding catch-up contributions.
In June, the Senate... Read More
BY Ted Godbout | 8/12/2022
Two Republican members of the House of Representatives have introduced legislation that would raise the contribution limits for workplace plans and IRAs as a way to fight inflation.
Rep. David... Read More
BY Ted Godbout | 8/10/2022
If the GOP takes control of Congress, one priority may be fighting the DOL’s efforts to make it easier for plan fiduciaries to consider environmental, social and governance factors when selecting... Read More
BY Nevin E. Adams, JD | 8/9/2022
The flurry of lawsuits unleashed on holders of the BlackRock LifePath target-date funds is not without precedent—but it’s surely a head scratcher.
I’m referring, of course, to the recent ... Read More
BY Ted Godbout | 8/8/2022
While the Build Back Better legislation sought to impose limits on higher-income individuals with large retirement account balances, the newly passed Inflation Reduction Act does not contain those... Read More
BY Ted Godbout | 7/29/2022
Kicking off the 2022 NAPA D.C. Fly-In Forum on July 26, one of the most influential lawmakers on retirement policy urged the delegates to press for action on the SECURE 2.0 legislation—now. ... Read More
BY Nevin E. Adams, JD | 7/18/2022
One of the revenue-raising provisions currently in the EARN (Enhancing American Retirement Now) Act is a provision that would permit an employee to elect to treat employer matching and other employer... Read More
BY Ted Godbout | 7/12/2022
A senior Republican senator who sits on the Senate Finance Committee is taking aim at efforts that would give plan fiduciaries greater leeway in using environmental, social and governance (ESG)... Read More
BY NAPA Net Staff | 7/6/2022
There’s a lot going on in Washington—big movements in the Senate and in the House—and bipartisan. So, what’s in those bills? And what’s this “auto-portability”? Nevin (Adams) and Fred (... Read More
BY Ted Godbout | 6/30/2022
A quarterly tracking survey of experienced investors finds that education costs are having a significant impact on young investors’ ability to save for retirement, but legislative relief could be... Read More
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