It’s simple: Being a great fiduciary is a lot like being a great decision-maker. What matters most to the DOL and the courts is that a fiduciary is able to show the details of the decision-... Read More
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Technical competence
BY NAPA Net Staff | 3/5/2015
The Labor Department has repeatedly claimed to be consulting with the Securities and Exchange Commission on its fiduciary reproposal — but a couple of key House Republicans would like to see... Read More
BY NAPA Net Staff | 3/4/2015
Legislative phoenixes that would codify the president’s MyRA proposal and change the qualified plan loan rules have arisen in both chambers of Congress.MyRALegislation has been reintroduced in... Read More
BY Michael Bushnell | 3/4/2015
Plan trustees who also serve as fiduciaries tend to make the same kinds of mistakes. Writing in the most recent issue of NAPA Net the Magazine, Steff Chalk offers some suggestions to help sponsors... Read More
BY Nevin E. Adams, JD | 3/3/2015
Ours is a complex business. For one thing, it’s fraught with potential peril for inattentive plan fiduciaries, many of whom find themselves tasked with the responsibilities of the role (... Read More
BY Andrew Remo | 3/3/2015
Legislation that would require Maryland employers to adopt payroll deduction savings plans for their employees got a full airing in both chambers of the state's General Assembly. Both the... Read More
BY John Carl | 3/3/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY NAPA Net Staff | 3/2/2015
It’s no longer just states that are looking at the notion of expanding retirement plan coverage in the private sector.Last week New York City Public Advocate Letitia James introduced... Read More
BY Nevin E. Adams, JD | 2/27/2015
The Labor Department’s fiduciary reproposal isn’t the only fiduciary-related comeback news on Capitol Hill this week.Rep. Ann Wagner (R-Missouri) has reintroduced the Retail Investor... Read More
BY Andrew Remo | 2/27/2015
Add Washington to the list of states that are considering legislation affecting the marketplace for private retirement plan products. State Rep. Larry Springer (D-Kirkland) has introduced a bill to... Read More
BY John Iekel | 2/27/2015
The White House's budget proposal sets aside $6.5 million in funding for the Department of Labor, along with waiver authority, to support state efforts to implement state-based automatic... Read More
BY Fred Barstein | 2/26/2015
It’s no surprise that as DC plans have grown in popularity, so have lawsuits. Most of the well-known lawsuits have been against larger plans, but that’s no reason for smaller plans or... Read More
BY NAPA Net Staff | 2/25/2015
A 401(k) revenue-sharing lawsuit finally got its day before the U.S. Supreme Court.While the nation’s high court was ostensibly focused on how ERISA’s statute of limitations was to be... Read More
BY John Carl | 2/24/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY NAPA Net Staff | 2/24/2015
“Don’t throw out the baby with the bathwater” is an old — perhaps worn-out — cliché, but nevertheless sometimes it’s apt. And as the Obama administration... Read More
BY Nevin E. Adams, JD | 2/23/2015
Exceptions should not be the rule, at least not when it comes to the Department of Labor’s fiduciary regulation reproposal, according to a new white paper from the U.S. Chamber of Commerce.As... Read More
BY Nevin E. Adams, JD | 2/23/2015
Today President Obama, as expected, will throw his support behind the Department of Labor’s controversial fiduciary rule reproposal — but the details of the proposal remain elusive.... Read More
BY NAPA Net Staff | 2/21/2015
In what was described as the largest settlement of a 401(k) excessive fee claim ever against a single employer, a revenue-sharing lawsuit that had sought $1.3 billion in damages was settled for... Read More
BY Nevin E. Adams, JD | 2/21/2015
The Department of Labor’s much-anticipated fiduciary reproposal drew intense criticism Feb. 20 from SEC Commissioner Daniel M. Gallagher.Gallagher’s comments, made at the “SEC Speaks in 2015” event,... Read More
BY John Iekel | 2/20/2015
Presenting a budget he said was “honest with the people of Illinois,” new Illinois Gov. Bruce Rauner (R) has proposed massive cuts to balance the state’s budget, with state pension... Read More
BY John Carl | 2/18/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY NAPA Net Staff | 2/17/2015
The ERISA public disclosure website — which houses filings by health and pension plans of private employers — is headed for the cloud. According to Federal Times, the Department of... Read More
BY NAPA Net Staff | 2/11/2015
The IRA rollover market — already a large component of the nation’s retirement savings — could see another surge in the next 12 months, according to a new report. More than one in... Read More
BY John Carl | 2/11/2015
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and... Read More
BY NAPA Net Staff | 2/10/2015
The world’s pension assets grew 6% last year, and now amount to around 84% of global Gross Domestic Product (GDP), substantially higher than the 54% recorded in 2008. That growth means that... Read More
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