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Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams11/26/2013 • 0 Comments

When EBRI was founded 35 years ago, I was about six months into a job doing pension accountings for a large Midwestern bank. At the time, I didn’t realize I’d still be working with those kinds of issues in 2013 — in fairness, like most recent college graduates, I wasn’t really thinking about anything that was 35 years in the future. READ MORE

By Nevin Adams11/12/2013 • 0 Comments

Even retirement plan advisors know that at certain times of the year, all that plan sponsors want to think about is health care. For both plan sponsors and workers, health care is a growing planning concern for their retirement years. READ MORE

By Nevin Adams11/5/2013 • 0 Comments

“Replacement rates” — roughly defined as the percentage of one’s pre-retirement income available in retirement — arguably constitute a poor proxy for retirement readiness. READ MORE

Fred Barstein

Fred Barstein

Fred Barstein

By Fred Barstein11/27/2013 • 0 Comments

Many people predict that mobile technology will change the DC industry, but very few have specific, breakthrough ideas. Leave it to UCLA professor Shlomo Benartzi to come up with something that addresses the issue of the 78 million Americans without access to a 401(k) plan. READ MORE

By Fred Barstein11/26/2013 • 2 Comments

Seeking to resolve an issue that one legal expert claims has been festering for 20 years, the Solicitor General has asked the U.S. Supreme Court to take up a stock drop case in hopes of resolving a judicial split. READ MORE

By Fred Barstein11/22/2013 • 2 Comments

Every six months we update our list of DC providers (record keepers and DCIO firms) and broker dealers. Though there have not been any major shifts, there are more subtle changes that might indicate the direction of the providers specifically and the market in general. Here are some comments on changes we have seen since our last update in May 2013: READ MORE

By Fred Barstein11/22/2013 • 2 Comments

Jim Phillips, a plan advisor in Massachusetts and contributor to The Wall Street Journal’s Marketwatch site, calls the DC industry on the carpet for the confusing jargon we use when dealing with plan participants and sponsors. And he’s not talking about Monte Carlo simulations or hedging tail risk — he’s talking about really simple terms that we might assume everyone understands. For example: READ MORE

By Fred Barstein11/21/2013 • 2 Comments

TDFs are all the rage in DC plans, becoming the go-to QDIA and gathering assets at an increasing rate. But does the “one size fits all” investment strategy for everyone born within five years of each other make sense, regardless of their salary, account balance or access to outside assets? On the other hand, uptake on managed accounts is meager — estimated at 2%. Is there a middle ground? READ MORE

By Fred Barstein11/21/2013 • 0 Comments

According to a recent report by Brightscope, small cap funds account for 3.76% of DC plan assets. As with many asset classes in DC plans, index funds top the list, with T. Rowe Price and Vanguard’s record keeping platform giving them a clear advantage. The top 12 small cap funds include: READ MORE

By Fred Barstein11/21/2013 • 0 Comments

Though most plan advisors and sponsors rely on their providers and TPAs to help prepare for an audit, it’s good for advisors to understand the process and to help prepare clients. The accounting firm of DiCicco Gulman has created a succinct list of tips for plans and their advisors to follow when preparing for an audit. READ MORE

By Fred Barstein11/20/2013 • 1 Comments

There’s a myth among providers that plan advisors are making a lot of money (especially among those providers who want to become an advisor). But the truth is that only a few are doing really well. How does the compensation of advisors compare to other professions? READ MORE

By Fred Barstein11/19/2013 • 2 Comments

While Sen. Elizabeth Warren (D-MA) called for more generous CPI calculations to boost Social Security benefits on Monday, the Washington Post writes that increases should be even larger. READ MORE

By Fred Barstein11/19/2013 • 2 Comments

Along with the long-anticipated release of a “forward looking” mutual fund rating system to supplement their current methodology, Morningstar’s CEO Joe Mansueto commented that his firm is looking at a system that rates advisors. READ MORE

By Fred Barstein11/19/2013 • 0 Comments

In a sense, many advisors work in a box — not knowing, for example, how well they are doing, especially when it comes to sales compared with their peers. If you sold five plans this quarter, is that good? Maybe that depends on the market segment or the type of advisor you are. Therefore, it seemed obvious that the first initiative of the newly formed NAPA Research Institute (NRI) should be a sales benchmarking report called “NAPA Numbers” to let plan advisors know how their sales YTD and this quarter compare. READ MORE

By Fred Barstein11/18/2013 • 0 Comments

A new poll of more than 2,500 advisors conducted by the Financial Services Institute shows a clear and growing sentiment against the DOL’s proposed redefinition of fiduciary initiative. More than 90% of the advisors polled did not favor the DOL’s proposal. That number is up from 72% in February 2012. READ MORE

By Fred Barstein11/18/2013 • 1 Comments

While the trend toward managed investments — mostly in the form of TDFs — is moving in the right direction, there’s a basic flaw in how they are presented. That flaw can be easily fixed, however. READ MORE

By Fred Barstein11/18/2013 • 0 Comments

Just as individual investors have put more money into equities in anticipation of rising interest rates — dubbed “the great rotation” by Bank of America — pension funds and insurance companies are investing more heavily in fixed income to match future obligations. READ MORE

By Fred Barstein11/18/2013 • 0 Comments

Many plan advisors shy away from the education market because of different rules and different ways that these plans operate. But according to a recent report by Transamerica, "Retirement Plans for Institutions of Higher Education," the time may be ripe for the education retirement market. READ MORE

By Fred Barstein11/15/2013 • 0 Comments

How advisors interact with clients and the firms they expect to be competing against will change dramatically due primarily to technology, according to a Schwab survey of 821 smaller independent wealth management firms. Half of the advisors polled expect online advisors to be one of three types of firms vying for their clients’ business, along with national firms and wire houses. READ MORE

By Fred Barstein11/15/2013 • 0 Comments

P&I and DCIIA recently gave out innovation awards to seven plan sponsors — mostly large companies — aimed at improving education, participation and account balances through simpler and more effective techniques. Employing a combination of new technology and ancient techniques, the employers were cited for the following activities: READ MORE

By Fred Barstein11/14/2013 • 0 Comments

At SIFMA’s annual meeting this week, SEC Chair Mary Jo White declined to specify a clear timeline for when her agency would release the much-anticipated uniform fiduciary rule. However, she reiterated that the rulemaking effort is a high priority on which she is personally spending time. White also commented that just because an advisor charges a commission, that does not mean there is a conflict. READ MORE

By Fred Barstein11/14/2013 • 0 Comments

At a time when countless surveys point to the lack of retirement security and confidence among American workers, and anti-401(k) pundits claim that the 401(k) plan is a failed experiment, it’s refreshing to hear some good news. After all, there’s $11 trillion in DC and IRA assets — something must be going right. Profiles of the habits of 401(k) millionaires in Fidelity’s database — that is, those with account balances over $1 million — reveal that: READ MORE

By Fred Barstein11/14/2013 • 0 Comments

As the end of the year approaches, there are important notices, deadlines and some changes that plan sponsors need to be aware of to keep their plans in compliance. As an advisor, you can rely solely on your record keeper and TPA to make sure all everything is being taken care of, but you should be aware of what’s coming too. READ MORE

By Fred Barstein11/13/2013 • 0 Comments

Speaking at SIFMA’s annual conference in New York City this week, SEC Chair Mary Jo White indicated that her agency is looking to increase exams of RIAs as much as possible, budget permitting. Currently, the SEC is only able to examine 8% of its 11,000 members, or fewer than than 1,000 firms. READ MORE

By Fred Barstein11/12/2013 • 0 Comments

As the world economy changes, so should the indices that track them, argues Capital Group. At this week’s Schwab Impact conference, Capital Group’s Rob Lovelace, grandson of the firm’s founder, will present a new global index based not on where a company is domiciled but where they earn their revenue. READ MORE

By Fred Barstein11/12/2013 • 2 Comments

Though we’re drawn to extroverted, charismatic leaders, without introverts, extroverts would have no one to lead, you might argue. But there’s also an argument to be made that introverts make better leaders, especially in times of chaos or when big breakthroughs are made. Witness Lincoln, Wozniak, Darwin, Bill Gates, Larry Page and Warren Buffet. READ MORE

By Fred Barstein11/11/2013 • 1 Comments

In the wake of the Detroit bankruptcy and allegations of mismanagement of the city’s pension funds, New York State financial regulators have issued subpoenas to 20 consultants and advisors to state pension funds. They are investigating the controls in place to prevent conflicts of interest as well as the payment of consultants. READ MORE

By Fred Barstein11/11/2013 • 0 Comments

Mutual fund companies used to be able to get flow primarily by being on the select list at a few wire houses and broker dealers. Marketing was an afterthought. That thinking may be changing, especially when it comes to online advertising. READ MORE

By Fred Barstein11/8/2013 • 2 Comments

A concise yet complete white paper from Mercer reviews best practices for monitoring and negotiating DC plan fees. Among the recommendations: Fees should be benchmarked and negotiated annually, looking for the lowest share class or even going to CITs and SMAs; with multiple plans, negotiate fund fees in the aggregate for each investment. READ MORE

By Fred Barstein11/8/2013 • 0 Comments

Having an effective investment committee has become virtually a must for all but the smallest DC plans. A paper from PlanPilot offers some tips on building and running one: READ MORE

By Fred Barstein11/8/2013 • 0 Comments

Jason Fried, co-founder of 37Signals and author of the brilliant book Rework, explains why face-to-face meetings to brainstorm ideas for the “next big thing” are overrated. It’s not about the “next big thing,” he says; it’s about implementing or improving what you came up with 6 months or 6 years ago. READ MORE

By Fred Barstein11/7/2013 • 0 Comments

In their ninth annual study of the DCIO market, the research firm Hearts and Wallets found that while the market grew overall, more than one-third experienced net DC outflows. The DCIO market grew from $2.7 trillion to $2.9 trillion in one year, and is projected to increase to $3.6 trillion in 2018. READ MORE

By Fred Barstein11/7/2013 • 0 Comments

Among the many issues facing DC plans, Groom Law Group attorney Steve Saxon cites alternative and proprietary funds as possibly being on the menu for federal regulators. Though much of the DOL’s attention has been on the redefinition of fiduciary and lifetime income illustrations, Saxon believes that the interest in alternative funds, which include higher, more complex fee structures, could draw the attention of regulators. READ MORE

By Fred Barstein11/7/2013 • 0 Comments

Plan activity has remained steady, according to a recently released report from ICI covering withdrawals, contributions, asset allocation and loans, primarily during the first half of 2013. READ MORE

By Fred Barstein11/6/2013 • 0 Comments

The city of Stockton, CA is set to emerge from bankruptcy next year in a settlement with bond holders that does not include cutting back on pension rights. In the Stockton bankruptcy case settlement, the bond holders blinked first, agreeing to take as much as a 50% haircut on some bonds. READ MORE

By Fred Barstein11/5/2013 • 3 Comments

With $5.7 trillion in assets and growing, the IRA market is hard to ignore. However, advisors acting as plan fiduciaries have to be more careful — the DOL is taking a much closer look at how clients interact with their plan advisor fiduciaries. Add the DOL’s proposed redefinition of fiduciary regulatory initiative plus anticipated increased scrutiny as a result of last spring’s GAO “sting” report on rollovers and FINRA’s concern about fee miscommunication, and you’re facing a regulatory minefield. READ MORE

By Fred Barstein11/5/2013 • 0 Comments

Hiring the wrong person can be time consuming and costly, and can hurt morale too. So what are the signs that you may be about to make a mistake? READ MORE

By Fred Barstein11/4/2013 • 0 Comments

According to research by Financial Advisor magazine, more advisors will focus on retirement planning for their clients — and a significant percentage of them will leverage corporate relationships to access those clients. READ MORE

By Fred Barstein11/4/2013 • 0 Comments

The Hispanic population offers challenges and opportunities that will not be met just by translating materials into Spanish or offering call centers and enrollers who speak the language. For example, many Hispanic workers don’t even understand the concept of retirement, while others are not comfortable taking any investment risk. READ MORE

By Fred Barstein11/4/2013 • 0 Comments

Online brokerage firms have doubled their assets since 2008 by targeting Gen X/Y investors, according to a recently released report by Corporate Insight and Cerulli. Add to the mix more than 130 online advice start-ups launched since the Great Recession and there is evidence that more younger, mass affluent will eschew face to face meetings and use online advisors. READ MORE

By Fred Barstein11/4/2013 • 0 Comments

While Social Security benefits have decreased 25% since 1983 — and with many in Washington seeking further cuts to balance the budget — there is a group that is advocating for increased benefits. That group, “Strengthening Social Security,” met in Washington last week. READ MORE

By Fred Barstein11/1/2013 • 0 Comments

There’s a saying that if you’re a hammer, the whole world looks like a nail. For plan advisors focused on 401(k) plans, they might be offering K plans to all clients — even those that might be too small or as a one-stop solution for all retirement needs. Cash balance plans, on the other hand, might be right for smaller companies who don’t want the administrative headaches or liability of K plans, especially their unattractively low deferral limits. READ MORE

Jerry Bramlett

Jerry Bramlett

Jerry Bramlett

By Jerry Bramlett11/25/2013 • 1 Comments

There are two significant trends in DC investing: the use of traditional glidepath strategies (reducing equity as an investor ages) and the use of mostly cap-weighted passive money management. Both of these movements are challenged in a recent article in The Journal of Retirement. READ MORE

By Jerry Bramlett11/11/2013 • 0 Comments

Today there is a widely held belief that, given loose monetary policies and continuing high federal deficits, at some point the U.S. economy is likely to experience hyperinflation. But despite a doomsday scenario of hyperinflation, many prominent economists are predicting the opposite scenario: deflation. READ MORE

John Carl

John Carl

By John Carl11/26/2013 • 0 Comments

Responding to a question from an advisor in Indiana, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving plan loans. READ MORE

By John Carl11/19/2013 • 0 Comments

Responding to a question from an advisor in Alabama, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving the use of plan forfeitures. READ MORE

By John Carl11/12/2013 • 1 Comments

Responding to a question from an advisor in Massachusetts, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving independent contractors and retirement plan eligibility. READ MORE

By John Carl11/6/2013 • 0 Comments

Responding to a question from an advisor in Pennsylvania, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common scenario involving the tax treatment of IRA distributions that are given to charitable organizations. READ MORE

Steven Dimitriou

Steven Dimitriou

Steven Dimitriou

By Steven Dimitriou11/6/2013 • 0 Comments

The end of the nomination period for the 2014 NAPA Leadership Award is right around the corner — Nov. 15. The winner will be announced at the 2014 NAPA 401(k) Summit in New Orleans in March. This year, the process has been streamlined to make it easier for both nominators and nominees. READ MORE

Sheri Fitts

Sheri Fitts

Sheri Fitts

By Sheri Fitts11/18/2013 • 0 Comments

How does your GPS work? Before offering any direction, it requires you do one simple thing: indicate your desired location. Effective social media participation and outreach, much like any sales or marketing effort, requires a similar approach: You must take time to create a clearly defined end point prior to hitting the road. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon11/21/2013 • 0 Comments

A new study from the Insured Retirement Institute (IRI) looks at the changing retirement strategies of same-gender couples in the wake of the Supreme Court’s Windsor decision earlier this year. That decision led to the IRS and DOL adopting a uniform definition of “spouse” that includes legally married, same-gender couples, regardless of their current state of residence — effectively expanding pension rights for millions nationwide. READ MORE

By Ray Harmon11/6/2013 • 0 Comments

A new report from the U.S. Government Accountability Office (GAO) recommends that the Labor and Treasury Departments collaborate on default electronic delivery rules for pension-related disclosures. READ MORE

Jennifer McKibben

Jennifer McKibben

By Jennifer McKibben11/29/2013 • 0 Comments

LPL Financial and Millennium Trust have announced the integration of Millennium Trust's Automatic Rollover Solution to its Worksite Financial Solutions retirement planning services platform. READ MORE

By Jennifer McKibben11/26/2013 • 0 Comments

Drinker Biddle’s Oct. 1 webcast, “Surviving DOL Investigations of Plans,” raised so many questions that the firm’s employee benefits group will present a follow-up webcast, “Surviving DOL Investigations of Plans: Part II,” to address those questions and build upon the content from the original webcast. READ MORE

By Jennifer McKibben11/25/2013 • 0 Comments

In a Dec. 10 webcast that’s free for all NAPA members, top plan advisor Steve Dimitriou from Mayflower Advisors and leading ERISA attorney David Levine from Groom Law Group, Chartered, will discuss best practices on training clients how to manage fiduciary liability and run an effective investment committee. READ MORE

By Jennifer McKibben11/25/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the comparison of advisor salaries to other types of financial professionals, NAPA’s updated DC provider list, Morningstar’s new advisor rating system, a new video on Liability Driven Investments and why 401(k) jargon may need a reboot. READ MORE

By Jennifer McKibben11/25/2013 • 0 Comments

SPX Corp. based in Charlotte, NC, has entered into an annuity buyout contract with MassMutual covering about 16,000 retirees. SPX plans to offer a lump-sum option to 7,500 vested former employees. READ MORE

By Jennifer McKibben11/22/2013 • 0 Comments

Pershing announced last week that it is integrating several popular third-party technology applications into its NetX360 platform for advisors. READ MORE

By Jennifer McKibben11/22/2013 • 0 Comments

An annual retirement survey by BlackRock polls plan sponsors about their beliefs, attitudes and concerns in three major areas of opportunity for tapping the full potential of DC plans, clarifying key retirement concerns and driving better savings behavior. READ MORE

By Jennifer McKibben11/21/2013 • 0 Comments

Franklin Templeton Investments launched its first hedge fund mutual fund Nov. 18. READ MORE

By Jennifer McKibben11/19/2013 • 0 Comments

Toni Brown and John Doyle have joined the Los Angeles-based money manager Capital Group as senior DC specialists — newly created positions at the firm. READ MORE

By Jennifer McKibben11/18/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the secrets of 401(k) millionaires, Bank of America’s decision to move its 401(k) plan in-house, New York’s investigation of its pension advisors, five reasons why introverts make better leaders, and how larger plans are innovating. READ MORE

By Jennifer McKibben11/18/2013 • 0 Comments

American Century Investments announced the launch of Plan Health Pro, a new tool aimed at helping retirement plan advisors and sponsors assess plan effectiveness for better participant outcomes. READ MORE

By Jennifer McKibben11/15/2013 • 0 Comments

Great-West Financial has appointed Andrew Gracan, an experienced sales leader, as regional sales director of national accounts for its Northeast market. Gracan is responsible for sales of 401(k) and 403(b) products to sponsors of large-market corporate and nonprofit organizations in Maine, Vermont, New Hampshire, New York, Massachusetts, Connecticut, Rhode Island, New Jersey, Pennsylvania and Delaware. READ MORE

By Jennifer McKibben11/14/2013 • 0 Comments

Charles Schwab CEO Walter Bettinger has called for a transformation of the 401(k) industry by slashing fees and providing participants with objective and customized advice autonomous from the plan’s consultants. READ MORE

By Jennifer McKibben11/14/2013 • 0 Comments

The Principal Financial Group introduced a retirement education program designed to encourage Hispanic employees to participate more in retirement plans. READ MORE

By Jennifer McKibben11/12/2013 • 0 Comments

Small businesses represent more than 99% of all companies in America — and yet nearly 72% of small business employees do not have access to a retirement plan. An upcoming webcast hosted by NAPA and ADP — featuring John Carl of the Columbia Learning Center — will demonstrate how advisors can best support small business owners. READ MORE

By Jennifer McKibben11/12/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the advantages of rollovers for advisor fiduciaries, signs you may be hiring the wrong person, DC plan fee best practices, the likelihood of advisor growth in the DC market, and survey results highlighting the impact of fee disclosure. READ MORE

By Jennifer McKibben11/8/2013 • 0 Comments

Morningstar has upgraded its ratings of Charles Schwab’s target date funds from “negative” to “neutral” due to improved performance. READ MORE

By Jennifer McKibben11/7/2013 • 0 Comments

Bank of America is moving its $19 billion 401(k) plan to its own Bank of America Merrill Lynch institutional retirement platform early in 2015, six years after the bank bought Merrill Lynch. READ MORE

By Jennifer McKibben11/5/2013 • 0 Comments

Invesco last week reported assets under management of $745.5 billion as of Sept. 30, up 5.7% from the end of the previous quarter and up 12.4% from last year. Net inflows in Q3 were $9.1 billion, compared with net inflows of $1.4 billion in Q2 and net inflows of $11.4 billion in Q3 of 2012. READ MORE

By Jennifer McKibben11/5/2013 • 0 Comments

MassMutual is rounding out its retirement plan market leadership team with the addition industry veteran Mike DiCenso, who took on the role of market leader for the institutional segment effective Nov. 4, 2013. READ MORE

By Jennifer McKibben11/4/2013 • 0 Comments

Last week’s top five most-read posts on NAPA Net reflected keen interest in the House of Representatives’ approval of a bill that delays the definition of fiduciary, release of the 2014 IRS pension limits, wire houses negotiating the fiduciary landscape, the lifetime income dilemma in DC plans, and our list of the top 25 DC "Power Hitters." READ MORE

By Jennifer McKibben11/1/2013 • 0 Comments

LPL Financial roped in huge recruiting numbers for Q3, adding 154 net new registered representatives and advisors for the three-month period ended Sept. 30. READ MORE

Rick Meigs

Rick Meigs

By Rick Meigs11/21/2013 • 0 Comments

Many of us are not "natural" sales people — we toil away at the process. We can respond to an RFP and get in front of a plan committee, but aren't sure how to improve our success rate at closing the deal. READ MORE

John Ortman

John Ortman

By John Ortman11/29/2013 • 0 Comments

The ERISA attorneys at Ivins, Phillips and Barker recommend these four topics for your next investment committee meeting agenda: READ MORE

By John Ortman11/26/2013 • 0 Comments

As we noted last week, we’ve added a new voting tool to the NAPA Net portal so you can help us choose topics for future NAPA webinars. After two weeks, here are the current “standings” in the poll: READ MORE

By John Ortman11/22/2013 • 0 Comments

If you had to skip NAPA’s inaugural DC Fly-in Forum last September because of a scheduling conflict — or if you want to make sure you return for the second Fly-in — you can now put Sept. 30-Oct. 1 on your 2014 calendar. Those are the just-released dates for next year’s Fly-in. The event will be held at the W Hotel in Washington. READ MORE

By John Ortman11/22/2013 • 0 Comments

It’s becoming increasingly common for older workers to move from a career job to a lower-paying “bridge” job prior to retirement, according to a University of Michigan Retirement Research Center study. A big reason for the increase in this kind of “partial retirement”: higher unemployment. READ MORE

By John Ortman11/21/2013 • 0 Comments

ERISA sets a high bar for fiduciary decision-making, essentially requiring plan fiduciaries to act as prudent experts might be expected to act — not just a prudent person. Similarly, when appointing an employee or officer to a plan committee, there are three critical areas of inquiry, FPG’s Charles Humphrey notes in a recent blog post. READ MORE

By John Ortman11/19/2013 • 0 Comments

We’ve added a new voting tool to the NAPA Net portal that you can use to help select future NAPA webinar topics that you want — not ones that we choose. The tool will replace our Reader Poll for a few weeks. The voting process is fun and rapid-fire, but the concept and technology behind it are sophisticated and cutting-edge. READ MORE

By John Ortman11/14/2013 • 0 Comments

In last week’s Reader Poll we asked, "Which factor was most important in the selection of the DCIOs with which you have a relationship?" Here are the results of the voting, ranked and expressed in percentages: READ MORE

By John Ortman11/12/2013 • 0 Comments

We’ve just added a new section to NAPA Net devoted to NAPA Net the Magazine. In this new tab you’ll find information about the new magazine, which mailed to NAPA members last month. You can now download the entire 68-page premiere issue. You can also access a library of cover and feature stories, or browse the contributions from our columnists. READ MORE

By John Ortman11/7/2013 • 1 Comments

In last week’s Reader Poll we asked, “What percentage of plan sponsors feel that fee disclosure helped their participants make decisions or understand their plan?” Here are the results of the voting, expressed in percentages: READ MORE

By John Ortman11/1/2013 • 0 Comments

The Internal Revenue Service announced on Thursday cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some limits will remain unchanged in 2014 because the increase in the Consumer Price Index did not meet the statutory thresholds for their adjustment. However, other pension plan limitations will increase for 2014. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo11/14/2013 • 0 Comments

The Congressional Budget Office (CBO), the official budget scorekeeper for Congress, released a paper Nov. 13 outlining various options for reducing the federal budget deficit over the next 10 years, including cuts in the tax incentives for retirement savings. READ MORE

By Andrew Remo11/8/2013 • 0 Comments

An overwhelming majority of Americans believe that their retirement savings should be “off limits” to Congress and not part of any discussion about raising new revenue for the federal government, according to a new national survey released Nov. 7 by The Coalition to Protect Retirement. The survey reveals that 87% of all Americans, and 95% of those with some type of tax-deferred retirement account, believe Congress should not touch the current tax incentives. READ MORE

NAPA Net Staff

NAPA Net Staff

By NAPA Net Staff11/15/2013 • 0 Comments

New to NAPA's 401(k) Summit in 2014 is the launch of “wrap-around” meetings that will provide opportunities for NAPA Firm Partner broker dealers and their advisors to gather in New Orleans a day early — on March 22 — for a pre-conference meeting. With so many plan advisors expected at the Summit, this new "Due Diligence Now!" program is a convenient way for them to meet with members of their firms and hear from their partners, thus minimizing travel. READ MORE

By NAPA Net Staff11/11/2013 • 0 Comments

Members of NAPA have the opportunity to nominate an advisor to serve on the 2014 NAPA Leadership Council — but only through the middle of next month. Two voting advisor members and one firm partner representative will rotate off the Leadership Council in 2014. The Nominating Committee is accepting nominations for the two open advisor seats. The Committee considers various factors including leadership qualities, strategic thinking, industry diversification and geographic diversification. READ MORE

By NAPA Net Staff11/1/2013 • 0 Comments

It’s abundantly clear the 2014 NAPA 401(k) Summit, to be held in New Orleans, March 23-25, 2014, will be the conference to attend in the retirement plan industry next year. Attendance is the doorway to accessing a vast audience of industry players, big and small alike. READ MORE