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
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Technical competence
BY Nevin E. Adams, JD | 8/18/2014
The Washington State legislature had the right to eliminate state employee pension increases that were approved during the stock market boom of the 1990s, the Washington Supreme Court ruled... Read More
BY Nevin E. Adams, JD | 8/18/2014
With the ERISA fiduciary community still absorbing the impact of the Supreme Court’s rejection of the presumption of prudence standard for company stock in retirement plans, a federal... Read More
BY Fred Barstein | 8/18/2014
In further signs of the eroding viability of state and municipal pension plans, the SEC filed a complaint against the state of Kansas claiming inadequate disclosure of pension liabilities in... Read More
BY Fred Barstein | 8/15/2014
Jerome Schlichter may be the most polarizing person in the DC industry. Some demonize his efforts to sue plan sponsors and service providers, opening what some view as a floodgate of lawsuits... Read More
BY Andrew Remo | 8/14/2014
The Joint Committee on Taxation (JCT), the congressional scorekeeper of tax legislation, on Aug. 5 issued its latest estimates of the increasing costs of the tax incentives for retirement... Read More
BY NAPA Net Staff | 8/13/2014
According to a study by Judy Diamond Associates that analyzed the performance of DC plans, micro plans, or those with less than 10 participants, fared better than larger plans. Using a rating... Read More
BY Fred Barstein | 8/13/2014
A lawsuit against Fidelity by participants in their plan was just settled for $12 million plus certain relief provisions. The case, Bilewicz v. FMR, had claimed excessive fees were charged and... Read More
BY John Carl | 8/12/2014
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 | 8/8/2014
Smartphone usage has — barely — surpassed that of the PC/Macs among defined contribution plan participants, according to a new study Spectrem’s Millionaire Corner conducted. Eight-... Read More
BY Fred Barstein | 8/7/2014
In a scathing and far-reaching article, The New York Times outlined the real and difficult issues that New York City faces with its five pension funds. Unlike Detroit or New Jersey, which... Read More
BY Fred Barstein | 8/1/2014
In an effort to shore up Chicago’s pension funds while avoiding property tax increases, the city is moving forward to increase taxes on cellphones and land lines by 56%. The move, which could... Read More
BY Ray Harmon | 7/31/2014
The U.S. Senate passed legislation July 29 to fund the nation’s Highway Trust Fund — legislation that does not include a pension smoothing provision. The vote tally on the $8.1 billion... Read More
BY John Iekel | 7/29/2014
Should your compensation be fee-based or commission-based? Cerulli Associates’ most recent report on how advisors get paid, which it issued in 2013, says that 57% of advisors are fee-based.... Read More
BY Fred Barstein | 7/29/2014
Getting your clients, especially smaller plan sponsors, to pay attention to the litigation risks of DC plans can be hard, even in the wake of recent wins by plaintiffs. A recent article in CFO.com... Read More
BY Ray Harmon | 7/24/2014
In an opinion piece in July 22's edition of The New York Times, Gene B. Sperling, former Director of the Economic Council under the Office of White House Policy for President Obama, put on a... Read More
BY John Iekel | 7/24/2014
Is Washington obsessed with rollovers? Brian Graff, Executive Director/CEO of NAPA and ASPPA, thinks so. “There’s no one who doesn’t care about this issue. There is an obsession... Read More
BY Andrew Remo | 7/22/2014
Congress is expected to wrap up its business for the summer in the next two weeks as members continue to work through an extremely limited set of issues in which the two parties can find common... Read More
BY John Carl | 7/21/2014
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 Fred Barstein | 7/21/2014
Rolling a 401(k) account into an IRA is not only a popular choice for most participants, for some it’s the only option they have. As illustrated by a July 18 CNN article highlighting the issues... Read More
BY John Iekel | 7/18/2014
Seventeen states have, or are, considering measures that would allow private-sector employers to automatically enroll employees in IRAs. None of these measures has yet resulted in a law that does,... Read More
BY John Ortman | 7/18/2014
Detroit may well be the poster child for municipal pension irresponsibility (though if there were an award for that, it would be extremely competitive). But give credit where it’s due: the... Read More
BY John Ortman | 7/17/2014
Efforts by Rep. Maxine Waters (D-Calif.) to charge advisors a special user fee to fund an increase in SEC examinations were rejected twice this week, first by the House Appropriations subcommittee... Read More
BY John Iekel | 7/15/2014
On July 9, Missouri Gov. Jay Nixon (D) signed into law a measure that makes it illegal to transfer or assign public pension benefits. The Show-Me state is the first to enact such legislation.... Read More
BY John Adams | 7/15/2014
The Pension Resource Institute has reached a partnership agreement with FRA PlanTools that allows subscribers to PRI to easily order and access FRA PLANbenchmark reports. The PLANbenchmark tool... Read More
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