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Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams10/31/2013 • 0 Comments

At some point in just about every police drama, potential suspects are vetted against the following criteria: Did they have the motive to commit the crime, and did they have the opportunity? READ MORE

By Nevin Adams10/29/2013 • 0 Comments

It’s easy, in the normal press of life, to put off thinking about retirement, much less thinking about saving for a period of life many can scarcely imagine. Here are six reasons that can help those you work with focus on saving for retirement now. READ MORE

By Nevin Adams10/8/2013 • 0 Comments

In this era of reality TV, where the antics (and worse) of the formerly rich and infamous are on display in ways that could not even have been imagined a decade ago, I seem to find myself increasingly shaking my head and muttering, “What were they thinking?” The answer, as often as not, seems to be, “they weren’t”. READ MORE

Fred Barstein

Fred Barstein

Fred Barstein

By Fred Barstein10/31/2013 • 0 Comments

There always seem to be certain events or cycles where some experts say that wire houses will not be able to compete against RIAs and independent advisors because of their more restrictive model. That conversation arose after the imposition of 408(b)(2), which requires advisors to disclose in writing whether or not they are acting as a fiduciary for the services they are rendering and the associated fees. READ MORE

By Fred Barstein10/31/2013 • 0 Comments

Many DC plans are going through dramatic changes that promise to greatly improve participant outcomes, with new features like auto-enrollment, auto-escalation and stretch matches. As a result, most participants are ending up in managed investments. But what about employees who may be stuck in outdated funds before the changes to the plan were made? READ MORE

By Fred Barstein10/30/2013 • 0 Comments

Conventional wisdom says that interest rates will rise, so it makes sense to move away from long-duration bonds and into equities. But what if interest rates don’t rise -- which, according to Robert Kessler, is likely? READ MORE

By Fred Barstein10/30/2013 • 0 Comments

According to an interview by FiduciaryNews’ Chris Carosa with Sarah Simoneaux and Rick Rodgers at the ASPPA National Conference this week, the focus of education should shift from investing to saving, with more money flowing into managed investments anyway. READ MORE

By Fred Barstein10/29/2013 • 0 Comments

As DC plans move full steam ahead in adopting DB-like features for their participants in the accumulation phase of planning for retirement, they have hit the pause button when it comes to retirement income, according to a report in Pensions and Investments. READ MORE

By Fred Barstein10/29/2013 • 0 Comments

Mining the audited 5500 reports of the largest DC plans (accounting for about 80% of assets), BrightScope recently released its list of the top 20 international stock funds. International funds have become a favorite in DC plans looking for diversification, with funds tending to have less correlation with domestic equities. READ MORE

By Fred Barstein10/28/2013 • 2 Comments

In a letter to the SEC, the lawmaker who helped create broker-check called for tightening of rules on expunging broker records and payment of arbitration awards. Sen. Edward Markey (D-MA) asked SEC Chair Mary Jo White to look at strengthening rules promulgated 20 years ago to make it more difficult for brokers to expunge their records and to ensure that arbitration awards are paid. READ MORE

By Fred Barstein10/28/2013 • 0 Comments

Are alternatives in your future? Should they be? While many advisors are reluctant to recommend them, alternative mutual funds are growing at a propitious rate. And with returns from traditional markets promising to be low in the future, alternatives could be one way to boost returns. READ MORE

By Fred Barstein10/28/2013 • 0 Comments

According to research by Transamerica, there’s good news about company matches. Among those companies that suspended or curtailed their match, almost half have reinstated it, but in a more thoughtful way. Many are employing a “stretch match,” which might give 30% of 10% rather than 50% of 6%. READ MORE

By Fred Barstein10/25/2013 • 0 Comments

As reported in Investment News, the days of large recruiting bonuses paid by wire houses may be over, as Morgan Stanley and Merrill Lynch have reported a slowdown in giving big recruiting bonuses. These bonuses escalated after the recession, creating what Morgan Stanley CEO James Gorman calls an effective "tax on the industry." READ MORE

By Fred Barstein10/25/2013 • 0 Comments

It’s been less than 10 years since DCIOs burst onto the scene, as investment menus opened up and the demand for more funds created an opportunity for them. Since then, DCIOs have become the main practice management support system for plan advisors — offering tools, services, white papers and other intellectual capital — as record keepers have virtually ceded that market to them. READ MORE

By Fred Barstein10/25/2013 • 0 Comments

According to analysis and research by Alicia Munnell of Boston College’s Center for Retirement Research, changes in Social Security have made the effective retirement age 70. Given longer lifespans, that age may be appropriate. But the changes may hurt workers who are forced to retire and take their benefits early, significantly reducing their lifetime benefits. READ MORE

By Fred Barstein10/24/2013 • 8 Comments

While there are no proposals to ban commissions in the U.S., under the DOL’s proposed redefinition of fiduciary rule it will be harder for commissioned advisors to work on ERISA plans and IRAs. Other countries, including the Netherlands, the U.K. and India, have taken initiatives that eliminated commissions on some or all products. The result: fewer advisors and arguably less access to advice for many people, especially lower-income investors who need it most. READ MORE

By Fred Barstein10/24/2013 • 0 Comments

Speaking at the annual Financial Planner Association conference in Orlando this week, FPA president Michael Branham questioned recent actions by the CFP Board on the definition of fee-only advisor as well as their CE policies. READ MORE

By Fred Barstein10/23/2013 • 11 Comments

According to research from academics at the University of Colorado, the University of Virginia and Catholic University, financial education and training has a 0.1% effect on behavior. Analyzing 168 papers and 201 studies, the professors found little correlation between financial education and how people act with knowledge — negating the benefits of extensive education programs. READ MORE

By Fred Barstein10/23/2013 • 0 Comments

UBS released “80 is the new 60,” an interesting study analyzing people’s views about retirement. Today people do not feel old at 62, which was not true a generation ago when that age was close to retirement. In fact, how people feel about age is not based on a number — for many people, retirement may last 30 years as they pass through different phases. READ MORE

By Fred Barstein10/23/2013 • 0 Comments

An industry expert speaking at the Financial Planning Association’s annual conference offered six reasons why an advisor should enter the DC market: READ MORE

By Fred Barstein10/22/2013 • 0 Comments

In a far-reaching study, ICI reports the sources of retirement income for U.S. workers from 1975 to 2012. DC plans have worked as planned to supplement DB and Social Security benefits, but maybe not as fast as we would like in order to keep up with increasing expectations, the desire to live independently in retirement and longer life expectancies. But the ICI study shows that progress is being made. READ MORE

By Fred Barstein10/22/2013 • 0 Comments

In another move toward divesting its U.S. holdings, ING Group has filed an amended S1 registration that would reduce its stake in ING U.S. from 71% to 60%. ING has been granted additional time to complete the divestiture of all of its U.S. properties, which was originally slated to be completed by the end of this year. READ MORE

By Fred Barstein10/21/2013 • 0 Comments

In study about how IRA holders reacted to the Great Recession, the ICI — using data from the IRS and SIFMA — found that traditional IRAs, or those with a consistent balance from 2007-2011, weathered the storm with relative calm. Analyzing 5.8 million accounts, the study found that withdrawals rose only slightly, contributions were frozen for a relatively few, and the move out of equities was smaller than expected. READ MORE

By Fred Barstein10/21/2013 • 0 Comments

DB plans with tens of billions in assets are waiting to transfer the risk to third-party insurance companies when interest rates rise, according to a report by P&I. De-risking has been light this year: Only $1 billion of deals were done, compared with $37 billion in 2012, a year that included plans like GM and Verizon. READ MORE

By Fred Barstein10/21/2013 • 0 Comments

Is there any constitutional right, state or federal, that is absolute? This issue was considered last week by a bankruptcy judge in Michigan who is hearing arguments in the Detroit Chapter 9 filing. Union workers and municipal pensioners argued that the Michigan state constitution guarantees their rights to receive retirement benefits that cannot be usurped even by federal bankruptcy law. READ MORE

By Fred Barstein10/18/2013 • 0 Comments

Results from a recently released Plan Sponsor Council of America study are very promising, showing improvements in many areas like deferral rates, auto features and matches. The study covers 686 plans with $769 billion and 10.3 million participants in calendar year 2012. READ MORE

By Fred Barstein10/18/2013 • 0 Comments

Do you ever take a vacation where you do no work at all — turning off your phone and never checking email? If you do, you’re probably in the minority. Most people do some work while vacationing, given the nearly ubiquitous access to the Internet all over the world. But why not turn everything off completely? Here are some reasons: READ MORE

By Fred Barstein10/17/2013 • 0 Comments

A number of mayors from cities in California like Anaheim, San Bernardino, San Jose and Santa Ana have banded together to create the Coalition for Fair and Sustainable Pensions to address state pension plans that they call “unsustainable.” A statewide ballot initiative the group is pushing would amend the state’s constitution to allow state agencies and cities to negotiate retirement and health care benefits prospectively. READ MORE

By Fred Barstein10/17/2013 • 0 Comments

The $35 million settlement brought by the Schlichter law firm in the Nolte v. Cigna case was officially approved by a federal court in Illinois earlier this week. The move follows a recent $30 million settlement in a case brought by the same law firm. READ MORE

By Fred Barstein10/16/2013 • 0 Comments

In a FINRA report released this week, the SRO warned members about potentially abusive sales practices and lack of oversight, with an emphasis on broker compensation. The report suggests using product-agnostic compensation models and capping fees paid by mutual funds and VAs. READ MORE

By Fred Barstein10/16/2013 • 0 Comments

Perhaps the reality that participants are ultimately responsible for saving for their own retirement is changing their attitudes about revisions to plan design focused on improving outcomes, according to a Northern Trust study involving 1,000 current and former 401(k) plan participants. READ MORE

By Fred Barstein10/15/2013 • 1 Comments

According to a Reuters report, Vanguard is threatening to impose a ban on trading in three of its funds in the Southwest Airlines pilots’ 401(k) plan due to what it claims is unexpected and excessive trading due to recommendations by an investing newsletter to which many participants subscribe. READ MORE

By Fred Barstein10/15/2013 • 1 Comments

The DOL usually releases the annual 401(k) and other plan limits right about now, but this year delays are expected due to the government shutdown. Citing “credible sources,” 401kHelpcenter suggests that the limits will remain virtually unchanged in 2014. READ MORE

By Fred Barstein10/15/2013 • 10 Comments

Is the move toward using a 3(16) fiduciary inevitable? According to the folks at Fiduciary Plan Governance, the answer is yes. But what does it mean to plan advisors, and should they be adopting the model? READ MORE

By Fred Barstein10/14/2013 • 1 Comments

Drinker Biddle provides some concise guidance for advisors interested in using custom target date funds. While the use of packaged TDFs has skyrocketed, the use of custom TDFs is limited. The DOL guidance on TDFs seem to favor the custom approach because they can use a plan’s existing investment choices or Designated Investment Alternatives (DIAs), which are generally not all from one fund family. READ MORE

By Fred Barstein10/14/2013 • 0 Comments

Stopping short of requiring fiduciary education by plan sponsors, the DOL is asking more questions about how companies are training their committee members, according to a report by BNA citing attorneys at the law firm of Trucker Huss. READ MORE

By Fred Barstein10/14/2013 • 0 Comments

Though much of the government is shut down, there are some deadlines that are not — like Form 5500 filing and other deadlines, such as plan funding. According to David Levine of the Groom Law Group, a skeleton crew of 20 IRS staffers exempted from the furlough will focus on statute protection and processing of remittances, but will probably put on hold audits, determination and private letter rulings voluntary corrections. READ MORE

By Fred Barstein10/11/2013 • 0 Comments

As the financial services industry braces for changes in the definition of a fiduciary, SEC Chair Mary Jo White indicated at a Washington, DC conference this week that the uniform fiduciary rule remains a “major focus” at her agency — although she would not specify a time frame in which the proposed rule might be released. READ MORE

By Fred Barstein10/11/2013 • 0 Comments

More and more advisors who focus a significant percentage of their time on DC plans are joining teams to leverage scale, technology and brand. But what does a team have to do to be successful? In an InvestmentNews video, Pershing’s Mark Tibergien tackles the question of how a local firm can branch out and become a national concern. READ MORE

By Fred Barstein10/11/2013 • 1 Comments

Have you ever forgotten a password at the precisely the wrong time — like when you need to access a website or make a crucial payment? Do you still use “1111” as your password or rely on ones stored on your browser? If the answer is yes, or if you have been using the same password for years, you should read this article by Nicholas White of The Daily Dot about software programs that can help. READ MORE

By Fred Barstein10/10/2013 • 0 Comments

A significant percentage of American workers favor the idea of semi-retirement before they transition into full retirement, a study from HSBC shows. Currently, 19% of people ages 55-64 already consider themselves semi-retired, with another 32% hoping to move in that direction. In other words, more than half of this demographic has or is likely to move in this direction. READ MORE

By Fred Barstein10/9/2013 • 1 Comments

The highly anticipated debut of Schwab’s all-ETF platform has been delayed due to what company spokespeople are calling regulatory issues. The firm’s all-index platform, which launched in 2012, has won more than 80 clients. One of the issues with the ETF platform is the need for fractional shares to complete intraday trading. READ MORE

By Fred Barstein10/9/2013 • 0 Comments

Understanding the type of plan a company wants based on the composition of their workforce will help plan advisors deliver the right solution to the right company — even if there’s already a good fit between the advisor and the plan sponsor. A recent ICI study provides data and analysis that helps advisors find those solutions. READ MORE

By Fred Barstein10/8/2013 • 0 Comments

Retirement plan assets have reached almost $21 trillion, acounting for 43% of all household financial assets, according to the ICI. Assets are up 1% since the end of Q1 2013 and 6% since the end of 2012. According to the ICI, assets in DC plans and IRAs have swelled to $11 trillion, with 401(k) plans accounting for 72% of all DC plans. TDFs increased by 2.1% in Q2, growing to $540 billion. READ MORE

By Fred Barstein10/8/2013 • 0 Comments

The Los Angeles Times weighs in on the raging debate over active versus passive investing. Comparing an “average” diversified large cap actively managed fund to an S&P 500 Vanguard passive fund, the results clearly favored the indexing approach, with a 10-year return of $20,002 versus $18,840, according to Morningstar. This raises the question of whether actively managed funds are worth the time and fees. The answer, as it is with many tough questions, is that it depends. READ MORE

By Fred Barstein10/4/2013 • 1 Comments

The controversy over which advisors can be listed as fee-only on the CFP website continues, as InvestmentNews reports. In what was described as a reactive rather than a thoughtful approach, advisors are concerned that the CFP Board has gone too far in removing the compensation method of the 8,000 advisors (out of a pool of 69,000) listed as fee-only. READ MORE

By Fred Barstein10/4/2013 • 0 Comments

Like a snow day for students when a test is scheduled, some DOL investigations and actions will be delayed as a result of the government shutdown. Extensions on some DOL litigation have already been filed, and routine functions will be put on hold. READ MORE

By Fred Barstein10/3/2013 • 1 Comments

And the beat goes on. DC record keeping fees continue to decline sharply, according to a study of larger plans by consultant NEPC. Even as account balances continue to rise under favorable market conditions and expense ratios remain steady, record keeping fees are declining at a rapid and alarming rate, reaching new lows. READ MORE

By Fred Barstein10/3/2013 • 0 Comments

The question is when, not if, interest rates will rise. Here are some options plan sponsors are adding to prepare, according to P&I: READ MORE

By Fred Barstein10/2/2013 • 0 Comments

The Beesly v. International Papers lawsuit — whose plaintiffs were represented by Jerry Schlichter’s law firm — has been settled for $30 million. The same judge who recently ruled on the Spano case, which was allowed to go forward after an amended complaint about class action certification was filed, presided over the IP case. READ MORE

By Fred Barstein10/2/2013 • 3 Comments

Oct. 2, 2013 is the first anniversary of NAPA Net and the Daily. We’ve been overwhelmed by the response. Frankly, we’re surprised that there are so many people interested enough in employer-sponsored retirement plans that they will read a daily newsletter or visit a dedicated website. READ MORE

By Fred Barstein10/1/2013 • 0 Comments

These are heady days for established mutual fund providers in the DC market, with an increase of almost 18% for the 12 months ending June 30, according to a P&I survey of the top managers. That tramples the 5% gain reported over the 18 months ending June 30, 2012. The results are driven primarily by the growth and popularity of TDFs, especially in QDIAs. READ MORE

By Fred Barstein10/1/2013 • 1 Comments

With an estimated 10,000 RIA firms and only 50 reported M&A deals, there’s a sense that something is wrong in a market that should see more consolidation. Fidelity gathered a group of investment bankers and acquirers with $200 billion of AUM to flesh out the issues. READ MORE

Kathleen Beichert

Kathleen Beichert

Kathleen Beichert

By Kathleen Beichert10/1/2013 • 1 Comments

Brian Levitt, OppenheimerFunds Senior Economist, shared his thoughts on emerging market equities recently. Here's a peek. READ MORE

John Carl

John Carl

By John Carl10/29/2013 • 0 Comments

Responding to a question from an advisor in Minnesota, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to employees of state and local governmental entities. READ MORE

By John Carl10/23/2013 • 0 Comments

Responding to a question from an advisor in New Jersey, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to investment share classes in a 401(k) plan. READ MORE

By John Carl10/16/2013 • 0 Comments

Responding to a question from an advisor in New Jersey, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to the use of amounts accumulated in an ERISA recapture account in a 401(k) plan. READ MORE

By John Carl10/9/2013 • 0 Comments

Responding to a question from an advisor in Massachusetts, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed the issue of making a controlled group determination. READ MORE

By John Carl10/2/2013 • 0 Comments

Responding to a question from an advisor in California, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common question related to state retirement plans. READ MORE

Sheri Fitts

Sheri Fitts

Sheri Fitts

By Sheri Fitts10/29/2013 • 0 Comments

No matter how sound your social media strategy is, things can potentially veer off into a ditch. It’s important to have a predetermined plan in place for unexpected social media mayhem, even if you never need it. READ MORE

Jennifer McKibben

Jennifer McKibben

By Jennifer McKibben10/31/2013 • 0 Comments

PIMCO announced Oct. 30 that it has hired Virginie Maisonneuve as its new global head of equities, replacing Neel Kashkari, who left the company at the beginning of the year to pursue a political career. Maisonneuve was formerly head of global and international equities at London-based global asset management company Schroders PLC. READ MORE

By Jennifer McKibben10/30/2013 • 0 Comments

Fidelity Investments has launched the cheapest lineup of single-industry ETFs in an effort to rival a market dominated by Vanguard Group and BlackRock. The 10 newly released funds, managed by BlackRock, have an annual expense ratio of 0.12%, 2 BPs cheaper than Vanguard’s similar line of ETFs. READ MORE

By Jennifer McKibben10/30/2013 • 0 Comments

RidgeWorth Investments' recently released publication, "The Overlooked Potential of Small Cap Growth Funds" suggests adding diversified small cap growth funds to retirement plans for added growth. READ MORE

By Jennifer McKibben10/28/2013 • 0 Comments

Last week’s top five most read posts on NAPA Net reflect keen interest in studies revealing that financial education has little impact on behavior, how the redefinition of fiduciary could affect commissioned advisors, six reasons to get into the retirement plan business, guidelines for the use of share class funds and the decline of wire house recruiting bonuses. READ MORE

By Jennifer McKibben10/28/2013 • 0 Comments

Transamerica Retirement Solutions has announced the expansion of their pension sales and distribution team, bringing aboard industry leaders Ty Minnich and Cathy Berg. READ MORE

By Jennifer McKibben10/25/2013 • 0 Comments

Legg Mason reported a total of $656 billion in assets under management as of Sept. 30, up 2% from June 30 and up 1% from Sept. 30, 2012. READ MORE

By Jennifer McKibben10/24/2013 • 0 Comments

Matrix Financial Solutions has released an advisor practice guide in anticipation of the potential impact that the proposed changes to ERISA’s fiduciary rules could have on IRAs. READ MORE

By Jennifer McKibben10/24/2013 • 0 Comments

Charles Schwab’s efforts to expand its advisory services have evidently paid off, as they experienced a 17% profit increase, bringing them to $290 million for Q3 2013. READ MORE

By Jennifer McKibben10/23/2013 • 0 Comments

Fidelity Investments has launched its “Plan for Life” program, an initiative designed to help workplace retirement plan participants plan for achievement of their retirement goals in a holistic manner tailored to their individual needs. READ MORE

By Jennifer McKibben10/21/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in FINRA’s latest report expressing concern over advisor compensation, outsourcing 3(16) duties, resolution of the partial government shutdown, Vanguard’s fund trading restriction for Southwest pilots and the potential delay of 2014 plan limits. READ MORE

By Jennifer McKibben10/21/2013 • 0 Comments

Steve McKay replaces Jim Brockelman as sales leader for Putnam’s record keeping business. McKay recently joined Putnam after a stint at The Hartford, which bought MFS’ record keeping division. Brockelman had led John Hancock’s record keeping sales group before his move to Putnam, where he started his career. READ MORE

By Jennifer McKibben10/18/2013 • 0 Comments

OppenheimerFunds has unveiled a new website for advisors featuring practice management resources, an advisor-only discussion forum and fund performance data. With the growing competition for advisors’ attention and business, their goal was to create an innovative and unique user experience that will keep advisors returning to the site. READ MORE

By Jennifer McKibben10/17/2013 • 0 Comments

New York Life Retirement Plan Services will allow its plan sponsors served by LPL affiliated advisors to access LPL’s Worksite Financial Solutions platform. To set the foundation for custom financial advice, New York Life plans to provide LPL a daily participant level data feed in early 2014 upon request from the plan sponsor. READ MORE

By Jennifer McKibben10/16/2013 • 1 Comments

Great-West Financial has launched a comprehensive mobile app that allows their participants to access their retirement account information on the go. The app is available to 401(k), 401(a), 403(b) and 457 plan participants who use the www.gwrs.com website to access their retirement account. There is no download necessary to access the app; it launches automatically when the user visits the website. READ MORE

By Jennifer McKibben10/15/2013 • 1 Comments

Franklin Templeton has hired 25-year industry veteran Drew Carrington as Senior VP and head of its Defined Contribution – Institutional group based in San Mateo, CA. Carrington will report to Scott Lee, who leads Franklin Templeton’s team of 15 dedicated U.S. institutional sales and relationship management professionals. READ MORE

By Jennifer McKibben10/15/2013 • 0 Comments

Fund giant American Funds will increase its sales force by 25% over the next six to eight months, building up to a team of 145 from 115. Coupled with the firm’s growth plans is the effort to increase transparency around its investment process by publishing reports about how its portfolio teams are created. READ MORE

By Jennifer McKibben10/14/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the possible impact of a debt limit standoff on 401(k) balances, CFPs’ anger over the fee-only controversy, Schwab’s delay of their ETF platform, passive versus active funds, and how to determine whether a business is part of a controlled group. READ MORE

By Jennifer McKibben10/14/2013 • 0 Comments

John Hancock Retirement Plan Services recently announced the John Hancock Partnership Program, which will provide plan consultants with a one-time payment to help defray the costs incurred by a plan associated with its transfer or administration. READ MORE

By Jennifer McKibben10/7/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the Beesly v. International Papers lawsuit’s $30 million settlement, new lows for record keeping fees, two top wire houses’ call to action on CFP compensation model reporting, LPL’s approach to the ‘blind squirrel’ conundrum, and paying attention to the effectiveness of a plan name. READ MORE

John Ortman

John Ortman

By John Ortman10/31/2013 • 0 Comments

In last week’s Reader Poll we asked, "What percentage of funds on the investment menu change within 6 months of taking over a new DC plan?" Here are the results of the voting, expressed in percentages: READ MORE

By John Ortman10/30/2013 • 2 Comments

The U.S. House of Representatives approved legislation Tuesday evening that would delay – or possibly kill – the Department of Labor’s regulatory initiative to expand the definition of a fiduciary to encompass retirement plan advisors. The bill passed by a 254-166 margin, including 30 Democrats. READ MORE

By John Ortman10/28/2013 • 0 Comments

The cover story of the inaugural issue of NAPA Net — The Magazine profiles the five people in Washington who are most likely to affect the four major public policy issues affecting plan advisors — tax reform, separate rulemaking efforts at the DOL and the SEC affecting plan fiduciaries and regulation of IRAs. Like the defined contribution market, it all comes down to people. It’s important for plan advisors to understand not just the issues, but also the people driving them, to get a sense of the directions they may take. That’s why we created our list of the 25 most influential government officials affecting retirement plans. READ MORE

By John Ortman10/24/2013 • 0 Comments

NAPA members, keep an eye on your mailbox next week — you should receive the inaugural issue of NAPA Net the Magazine. The cover story of our first issue, “DC Power Hitters,” goes to the essence of why NAPA was created — highlighting the major issues that legislators and regulators in Washington are tackling that could dramatically alter the industry landscape and affect every plan advisor’s business. READ MORE

By John Ortman10/23/2013 • 0 Comments

In last week’s Reader Poll we asked, "What percentage of new DC plans that you take over change record keepers within 6 months?" Here are the results of the voting, expressed in percentages: READ MORE

By John Ortman10/21/2013 • 0 Comments

The online information and registration page for next year’s NAPA 401(k) Summit — the industry’s premier event for plan advisors — is now open for business. The 2014 Summit will be held March 23-25, at the Morial Convention Center in New Orleans. READ MORE

By John Ortman10/18/2013 • 1 Comments

In last week’s Reader Poll we asked, "What percentage of your team/company income comes from rollovers and wealth management?" Here are the results of the voting, expressed in percentages: READ MORE

By John Ortman10/17/2013 • 1 Comments

Unless you live in a cave, you already know that Congress approved a bill late last night to end the partial government shutdown and avert a default on U.S. debt by raising the debt limit, and President Obama signed it into law. There were no retirement-related provisions in the bill. READ MORE

By John Ortman10/16/2013 • 0 Comments

Among retirement plan advisors who serve the small-plan market, what are the best practices of successful advisors? Principal’s Tom Donnelly offers three, one of which he likens to a cephalopod mollusc of the order Octopoda, metaphorically speaking. READ MORE

By John Ortman10/16/2013 • 0 Comments

Fred Reish highlights a problem with most Investment Policy Statements: Most lack a robust set of criteria to be applied to TDFs. For example, an IPS might be completely silent on the issue or may simply say that TDFs “will be selected and monitored.” READ MORE

By John Ortman10/11/2013 • 0 Comments

On Monday, look for a new addition to the NAPA Net Daily, as we launch a new section highlighting industry news from NAPA's Firm Partners. Think of it as an extension into the Daily of the NAPA Partner Corner — a Partner Corner corner. READ MORE

By John Ortman10/10/2013 • 6 Comments

If Congress and the Administration fail to raise the debt ceiling, American workers’ 401(k) account balances could fall by more than 20%, according to new research from ASPPA. That would mean more than $2 trillion lost from private employer-based DC plans and IRAs. READ MORE

By John Ortman10/9/2013 • 0 Comments

What resources would financial advisors like to have to advance their expertise in the areas of retirement income planning and strategy? According to the September edition of Russell Investments’ quarterly Financial Professional Outlook, nearly all respondents said they would like something to help them. The top choices included planning implementation tools (53%), seminars or workshops (45%) and self-study materials (35%). READ MORE

By John Ortman10/9/2013 • 0 Comments

In last week’s Reader Poll we asked, "How much have your advisory fees gone down since last year?" Here are the results of the voting, expressed in percentages: READ MORE

By John Ortman10/9/2013 • 0 Comments

Pre-retirees — that is, those from their mid-50s through mid-60s — are at a point in their lives when choices and decisions made long ago are shaping their future. Looking back, how do they assess their lifelong efforts to prepare for retirement? And more importantly, how well did their employers support their efforts to save? READ MORE

By John Ortman10/3/2013 • 0 Comments

In last week’s Reader Poll we asked, "What is the median number of years plan sponsors with less than $5MM in assets have been with their current record keeper?" Here are the results of the voting, expressed in percentages: READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo10/24/2013 • 0 Comments

The Maryland Joint Committee on Pensions, a panel made up of Maryland state legislators, held a briefing Oct. 23 examining the challenges facing the private employer-based retirement system. Brian Graff, CEO/Executive Director of ASPPA and NAPA, participated in the briefing and submitted testimony to the panel. READ MORE

By Andrew Remo10/14/2013 • 0 Comments

The U.S. Government Accountability Office (GAO) issued a report in August that projected changes in retirement savings should a federal automatic payroll deduction IRA proposal become law. The report’s findings were made public in late September. READ MORE

NAPA Net Staff

NAPA Net Staff

By NAPA Net Staff10/31/2013 • 1 Comments

While calling it her office’s “highest priority” and saying it was near completion, Assistant U.S. Secretary of Labor Phyllis Borzi declined to say on Tuesday exactly when her agency will submit a long-awaited proposal for revising the definition of fiduciary, a rule that could restrict the kinds of advice plan advisors can give to their clients. READ MORE

By NAPA Net Staff10/3/2013 • 0 Comments

With the 2014 NAPA 401(k) Summit now just over five months away, the pieces of what promises to be a standout program are starting to fall into place. The latest news: two influential congressional insiders — Rep. Charles Boustany (R-LA) and former congressman Jim McCrery (R-LA) have signed on as speakers. READ MORE