Though most larger companies and government entities are backing away from defined benefit plans, DBs might make sense for smaller firms where the principals are looking to put away at least $50,000... Read More
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Technical competence
BY NAPA Net Staff | 12/14/2012
Are advisors who are not parties in interest or ERISA fiduciaries liable if they knowingly participate in a prohibited transaction and receive compensation from plan assets? The 3rd U.S. Circuit... Read More
BY NAPA Net Staff | 12/13/2012
Editor’s Note: This article was published in the most recent issue of "Market Beat," published by the National Tax Sheltered Accounts Association (NTSAA), the nation's only independent, non-profit... Read More
BY NAPA Net Staff | 12/6/2012
IRS auditors have been asking employers to provide evidence that they provided the safe harbor 401(k) notice to participants as required, the folks at Relius Sungard have learned. This evidence would... Read More
BY NAPA Net Staff | 11/29/2012
The team of Reish and Ashton, reviewing the process plan fiduciaries need to follow, the participant disclosure requirements and the implications of participants selecting an RIA to manage their... Read More
BY NAPA Net Staff | 11/20/2012
Emboldened by the certainty of four more years, the Obama administration in general and EBSA in particular are expected to extend and more vigorously enforce the agenda and regulations promulgated in... Read More
BY NAPA Net Staff | 11/20/2012
While many provider and advisor groups like ASPPA and NAPA have begun to marshal their forces to protect against reductions in retirement savings tax incentives, as Congress begins to tackle the... Read More
BY Fred Barstein | 11/16/2012
With the election results heralding four more years for EBSA head Phyllis Borzi, the long-pending fiduciary regulations are likely to be the agency’s first order of business, as we reported recently.... Read More
BY NAPA Net Staff | 11/15/2012
The end of the year brings lots of lists. Following up on yesterday’s “Case of the Week” question about notices due by Dec. 2, the law firm of Snell... Read More
BY NAPA Net Staff | 11/14/2012
One of the more controversial regulations proposed by the DOL under President Obama was their plan to broaden the definition of fiduciary to include more financial advisors. According to a BNA report... Read More
BY NAPA Net Staff | 11/2/2012
While the initial results of the 404(a)(5) participant fee disclosure regs have been very muted, plan advisors should not be lulled into complacency. Participants need to know that they pay fees... Read More
BY NAPA Net Staff | 11/1/2012
Do natural disasters qualify as an event that triggers a hardship withdrawal? Not unless the plan specifies these circumstances or unless the government passes some emergency legislation. Also, plans... Read More
BY NAPA Net Staff | 10/26/2012
3Ethos’ Don Trone, founder of fi360, and Warren Cormier of Boston Research Group, in cooperation with Financial Advisor magazine, have completed the first edition of an annual study intended to... Read More
BY NAPA Net Staff | 10/24/2012
We all know it’s hard to get participants to focus on their retirement plans, but apparently many of them don’t even know how much they are deferring, according to a survey by T. Rowe Price. In an... Read More
BY NAPA Net Staff | 10/18/2012
Plan sponsors are required by the IRS and/or the DOL to provide notices to eligible employees and plan participants at specific times of the year related to the status of the plan or the participants... Read More
BY NAPA Net Staff | 10/18/2012
So, what are some early anecdotal results of the 408(b)(2) requirements among plan fiduciaries? That depends on whether the fiduciary is diligent or not, according to new research by the law firm... Read More
BY NAPA Net Staff | 9/29/2012
By Richard PhillipsThe metaphor of a design-focused 401(k) easily lends itself to construction imagery, where each building block needs to be in the right place, in the right alignment, at the right... Read More
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