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Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams8/29/2014 • 0 Comments

Little did I know as a college student in 1974 that the newly-signed ERISA law — and the structure it provided to the nation’s private pension system — would, in the years to follow, play such an integral role in my life.
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By Nevin Adams8/28/2014 • 0 Comments

What happens to executive retirement benefits when employers close or freeze their defined benefit pension plans? What if that plan is a hybrid or cash balance plan? And what does that mean for advisors?
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By Nevin Adams8/28/2014 • 0 Comments

A new report offers a global perspective and some key findings on the challenges and opportunities of various retirement markets. The study, published by consultant Ernst & Young, highlights not only challenges, but some potential retirement and business opportunities as well.
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By Nevin Adams8/28/2014 • 0 Comments

A federal bankruptcy judge has blocked the claims of several hundred 401(k) participants seeking to recover money invested by their retirement plans with Bernie Madoff’s investment firm.

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By Nevin Adams8/28/2014 • 0 Comments

The Department of Labor has offered some "friendly" advice to the U.S. Supreme Court as it considers a review of a high-profile 401(k) fee case. In a "friend of the Court" amicus brief filing, the DOL said it thinks that the high court should weigh in on the statute of limitations issue presented in Tibble v. Edison -- but not on the issue of reviewing an alleged breach of duty in administering the plan in accordance with its terms. READ MORE

By Nevin Adams8/25/2014 • 0 Comments

It is routinely reported that 10,000 Baby Boomers are retiring every day, and yet surveys continue to indicate that Americans plan to postpone retirement. This raises the question: are more older Americans working?
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By Nevin Adams8/25/2014 • 0 Comments

It doesn’t take a lot of deep thought to determine the primary drivers of fees that are still largely based on asset size, but a new report takes a look at the “all-in” fees for 401(k) plans, and what drives — and doesn’t drive — those trends.
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By Nevin Adams8/22/2014 • 0 Comments

Despite their lack of retirement savings, a new survey finds that Millennials feel more financially secure than any other age group.
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By Nevin Adams8/22/2014 • 0 Comments

Things you might have missed — but shouldn’t — from last week’s NAPA Net Daily:
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By Nevin Adams8/22/2014 • 0 Comments

Advisors know that wellness programs — and increasingly financial wellness programs — are all the rage in corporate HR departments across the country. But one recently drew the attention — and a lawsuit — from the Equal Employment Opportunity Commission (EEOC).
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By Nevin Adams8/22/2014 • 0 Comments

With the official report not due until September, a draft report released by the Oregon legislature's Task Force on Oregon Retirement Savings offers a blueprint of a proposed new mandatory auto-IRA program for the state. 
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By Nevin Adams8/21/2014 • 0 Comments

If you’ve been hiring, odds are you’ve stumbled across an embellishment or two. After all, a new CareerBuilder survey notes that 58% of hiring managers have caught a lie on a resume — and a third of these employers have seen an increase in resume embellishments post-recession.
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By Nevin Adams8/20/2014 • 0 Comments

Nearly 8 out of 10 investors say they are tapping into some form of financial advice in planning for retirement, but there’s a wide variety in how that is happening, and who is taking advantage of it, according to a new Gallup poll.
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By Nevin Adams8/20/2014 • 0 Comments

The U.S. Department of Labor has published a request for information on the use of brokerage windows, self-directed brokerage accounts and “similar features” in 401(k)-type plans.
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By Nevin Adams8/20/2014 • 0 Comments

While plan sponsors and workers are not always aligned on issues of plan design, a new survey finds agreement on the number one reason for lack of plan participation — a lack of understanding.
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By Nevin Adams8/20/2014 • 0 Comments

Are 401(k) participants are more likely to have someone change the oil in their car than to have someone help them choose their 401(k) investments? That's what a new survey claims.
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By Nevin Adams8/19/2014 • 0 Comments

NFP reports that it has added 53 new advisors, all members of RPAG, one of the largest independent retirement plan consulting groups in the country. The announcement comes less than a month after NFP announced that 401(k)Advisors and RPAG have been integrated into NFP

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By Nevin Adams8/18/2014 • 0 Comments

The use of assumptions was the focus of a recent report from the Employee Benefit Research Institute (EBRI), which not only highlighted the assumptions used in two separate retirement studies, but illustrated a real problem with their results. 
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By Nevin Adams8/18/2014 • 0 Comments

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 unanimously Aug. 14.
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By Nevin Adams8/18/2014 • 0 Comments

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 appellate court has introduced a new and potentially complicating aspect to consider.
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By Nevin Adams8/18/2014 • 0 Comments

How can the fiduciaries of terminated DC plans fulfill their obligations under ERISA to locate missing participants and properly distribute the participants’ account balances? That’s a question the DOL answered in a Field Assistance Bulletin last week.
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By Nevin Adams8/15/2014 • 0 Comments

Seen those reports that Gen Xers’ retirements are looking to be even more bleak than that of Baby Boomers? Well, you might want to take another look. A new report from the Employee Benefit Research Institute (EBRI) calls out two of those reports — one by the Center for Retirement Research at Boston College, the other from Pew Charitable Trusts — for ignoring some pretty basic assumptions in their analysis.

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By Nevin Adams8/15/2014 • 0 Comments

When it comes to benefit communications, traditional methods still dominate, but new digital delivery tools are expanding their reach, according to a new survey of employers.

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By Nevin Adams8/6/2014 • 0 Comments

Individual retirement accounts (IRAs) currently represent about a quarter of the nation’s retirement assets; and yet, despite an ongoing focus on the accumulations in defined benefit (pension) and 401(k) plans that have, via rollovers, fueled a significant amount of this growth, a detailed understanding as to how these funds are actually used during retirement has, to date, not been as well understood.

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By Nevin Adams8/4/2014 • 0 Comments

While the prospects for “comprehensive tax reform” may seem remote in this highly charged election year, the current tax preferences accorded employee benefits continue to be a focus of much discussion among policymakers and academics. Retirement plan advisors might well be inclined to gloss over such things, but the reality is that those who write the laws and enforce the regulations that govern plan design and operation are listening — and listening with interest — to proposals that seem either to right “wrongs” (without costing money), or better still, proposals that claim to raise revenues.    READ MORE

John Adams

John Adams

By John Adams8/14/2014 • 0 Comments

AllianceBernstein has announced the launch of AllianceBernstein Multi-Manager Select Retirement Funds, a multi-manager target date series to be co-managed with Morningstar Associates, LLC.

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By John Adams8/13/2014 • 0 Comments

LPL Financial has launched its new Worksite Financial Solutions website, developed primarily to increase plan participants’ confidence in their financial future.

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By John Adams8/5/2014 • 0 Comments

Lincoln Financial Group’s Retirement Plan Services business has promoted Jason Key to head of business development for its Institutional Retirement Distribution team. Previously Lincoln’s business development director for the South and Midwest regions, Key assumed his current position on an interim basis last month. READ MORE

By John Adams8/5/2014 • 0 Comments

CUNA Mutual Retirement Solutions has hired Paul Swanson as vice president of intermediary sales and institutional relationship management. This position consolidates areas formerly led by Micah DiSalvo and Bill Feldmaier, both of whom resigned earlier this year. READ MORE

Fred Barstein

Fred Barstein

Fred Barstein

By Fred Barstein8/29/2014 • 0 Comments

Christopher Carosa of FiduciaryNews raises the controversial question of whether state and local pension plans have devolved into modern day Ponzi schemes, where the last ones out are left holding the bag.
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By Fred Barstein8/27/2014 • 0 Comments

More than 10 years ago, the practice of conducting RFPs, which was firmly established for larger and mid-sized plans, started moving down to the small market, enabled by tools that made even the blindest of blind squirrel advisors appear farsighted. Is that evolution beginning for advisor RFPs?
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By Fred Barstein8/27/2014 • 0 Comments

Never been examined by the SEC? Get ready. The agency has revved up examinations of firms that have never been reviewed and that are at least three years old, InvestmentNews reports.
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By Fred Barstein8/26/2014 • 0 Comments

Top DC plan advisor Jania Stout recently announced that she is leaving PSA to form her own national firm, Fiduciary Plan Advisors. Her business has grown beyond the Baltimore area and she is looking to partner with other plan advisors. 
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By Fred Barstein8/25/2014 • 0 Comments

On the heels of a GAO report on issues with managed accounts and the offer nine months ago by Schwab to rebate fees to unhappy clients, TD Ameritrade made an interesting guarantee to rebate losses to investors in their managed account program. 
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By Fred Barstein8/22/2014 • 0 Comments

The way an advisor looks at the world will determine the type of clients they attract, financial advisor blogger Michael Kitces notes on ThinkAdvisor. Kitces suggests that advisors who have an abundance mentality versus a scarcity mentality do better because they attract likeminded clients. 
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By Fred Barstein8/20/2014 • 0 Comments

To sue or not to sue your employer over your 401(k) plan? That is the question that a Forbes guest columnist poses to plan participants, providing red flags that participants should look out for when determining whether to sue or not.
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By Fred Barstein8/20/2014 • 0 Comments

On the heels of the CFP’s ongoing debate about the definition of a “fee only” advisor and pending SEC and DOL rules on the definition of fiduciary, ThinkAdvisor editor-at-large Bob Clark raises the question of whether a fiduciary advisor can or should accept commissions. 
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By Fred Barstein8/19/2014 • 0 Comments

Two weeks, two acquisitions. RCAP, the parent of soon-to-be 11 IBDs with almost 10,000 reps including Cetera, has acquired Girard Securities and VSR. 
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By Fred Barstein8/18/2014 • 0 Comments

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 its 2009 and 2010 bond offerings.
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By Fred Barstein8/15/2014 • 0 Comments

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; others think his efforts have led to helpful reforms and practices. In a thoughtful editorial in InvestmentNews, Schlichter reviews the main issues he has found in DC plans and what caused them.
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By Fred Barstein8/13/2014 • 0 Comments

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 that prohibited transactions had occurred. The part of the case related to float income will continue. READ MORE

By Fred Barstein8/12/2014 • 0 Comments

Can dabblers survive in today's complicated DC world? While many experts think that advisors must specialize to do well in the 401(k) and related retirement plan markets, there’s a lot of evidence that many advisors with plans under management do not specialize, nor do they intend to.  READ MORE

By Fred Barstein8/7/2014 • 0 Comments

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 cannot afford to make big payments, New York City has been plagued by high fees, low returns, higher benefit payments to those people living longer and politics. READ MORE

By Fred Barstein8/5/2014 • 0 Comments

Calling themselves the “Robin Hood” of fees, FeeX, a start-up from Israel, is using technology to not only help investors determine the fees they are paying but also to recommend similar but less costly alternatives. 
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By Fred Barstein8/5/2014 • 0 Comments

With $600 billion in DC assets as of 2013 and 3.5 million participants, Vanguard is a giant in the DC market, but also a mystery to many in the plan advisor arena. Though many plan advisors have their funds in some of their plans, with an average plan size of 1,500 participants, few advisors have a plan for which Vanguard is the record-keeper.  READ MORE

By Fred Barstein8/4/2014 • 0 Comments

Even as more money is going into TDFs in DC plans and index funds overall, financial advisors are also looking to work with fewer mutual fund providers. According to research by Market Strategies International, conducted earlier this year with more than 1,400 advisors, 39% of assets are being placed with the advisor’s primary provider, up from 33% last year.  READ MORE

By Fred Barstein8/1/2014 • 0 Comments

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 cost a family of four an extra $34 per year, was reported to be part of a deal between Chicago Mayor Rahm Emanuel (D) and Illinois Gov. Pat Quinn (D) that will avoid raising property taxes in exchange for Quinn signing a bill that will increase city worker contributions by 29% while limiting benefits. READ MORE

Jerry Bramlett

Jerry Bramlett

Jerry Bramlett

By Jerry Bramlett8/21/2014 • 0 Comments

In a recent Wall Street Journal article, “Hedge Funds in Your 401(k): Do they Fit,” Jason Zweig discusses the possible “place” of alternatives in 401(k) plans. In the article, “alternatives” refers to “anything other than plain old stock or bond portfolios.”
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By Jerry Bramlett8/14/2014 • 0 Comments

In Morningstar’s recent Rekenthaler Report, “Do Active Funds Have a Future,” John Rekenthaler considers the future of active management. His short answer: “Apparently not much.”

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By Jerry Bramlett8/5/2014 • 0 Comments

In a recent article from Yahoo Finance, “Why Emerging Markets Have More Room to Run”, the author shows a simple chart that clearly demonstrates the volatility of the emerging markets compared to the U.S. stock market.
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John Carl

John Carl

By John Carl8/29/2014 • 0 Comments

Responding to a question from an advisor in Arizona, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common scenario involving savings incentive match plans for employees' (SIMPLE) IRA plans. READ MORE

By John Carl8/26/2014 • 0 Comments

Responding to a question from an advisor in Georgia, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed an inquiry related to employer securities as a retirement plan investment option. READ MORE

By John Carl8/20/2014 • 0 Comments

Responding to a question from an advisor in in Minneapolis, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to the new My Retirement Accounts, or “MyRAs.”

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By John Carl8/12/2014 • 0 Comments

Responding to a question from an advisor in Washington D.C., the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to determining whether a plan is top heavy. READ MORE

By John Carl8/5/2014 • 0 Comments

A recent call with an advisor in North Carolina is representative of common inquiries related to leased employees and plan eligibility. The advisor asked: “A client of mine that sponsors a 401(k) plan has some leased employees and some common-law employees. How are leased employees treated for plan purposes?”   READ MORE

Steven Dimitriou

Steven Dimitriou

Steven Dimitriou

By Steven Dimitriou8/7/2014 • 0 Comments

If you enjoy Brian Graff’s “From the Hill to Summit” session at the NAPA 401(k) Summit each year, now you can join other elite advisors from around the country to actually participate and help shape that discussion. READ MORE

Jim Dornan

Jim Dornan

By Jim Dornan8/5/2014 • 0 Comments

Sen. Orrin Hatch (R-Utah), the ranking member of the Senate Finance Committee, will keynote the 2014 NAPA Fly-in Forum on Sept. 30 in Washington, D.C. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon8/25/2014 • 0 Comments

The DOL’s ERISA Advisory Council wrapped up a three-day series of public meetings Aug. 21 with a focus on lifetime plan participation. The Council’s final session honed in on whether and how communications and specific plan design features may be used to enhance participants’ decisionmaking. 



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By Ray Harmon8/21/2014 • 0 Comments

This week the ERISA Advisory Council turned its attention to the issue of outsourcing employee benefit plan services, how that might impact and influence fiduciary responsibilities, and even touched on how an accreditation program could help fiduciaries make more informed outsourcing choices, something that NAPA has already begun developing.
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Jeffrey Hemker

Jeffrey Hemker

By Jeffrey Hemker8/18/2014 • 0 Comments

I recently renewed my monthly contribution to one of my favorite charities — Reading Is Fundamental (RIF). As I was reviewing some of RIF’s great programs, it made me think about how important reading is to both plan sponsors and plan participants.

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John Iekel

John Iekel

John Iekel

By John Iekel8/29/2014 • 0 Comments

The gender gap in retirement savings is closing. In fact, it could be on course to reverse the long-standing predominance of men’s retirement savings rates, says a recent study by MassMutual.
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By John Iekel8/28/2014 • 0 Comments

Eastman Kodak, one of New York State’s major employers, has changed its retirement plan in a rather unorthodox way. Kodak still offers both a defined contribution plan and a defined benefit plan, but has enhanced its DB plan while making its DC plan less attractive, Business Insurance reports.
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By John Iekel8/26/2014 • 0 Comments

A new study by Transamerica and EACH Enterprise outlines the benefits to plan sponsors of working with a professional retirement plan advisor.
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By John Iekel8/8/2014 • 0 Comments

Many of the enhancements touted for defined contribution plan design are said to make them operate more like defined benefit plans — but does that apply to target-date fund (TDF) designs?
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By John Iekel8/5/2014 • 0 Comments

The five most-read posts on NAPA Net last week include one on litigation serving as a reminder of how important it is to follow best practices, Vanguard and Schwab’s robo-advisor efforts, the integration of 401(k) Advisors and RPAG into NFP, the quick growth of the hybrid model for advisors and the power struggle between record keepers and advisors.  READ MORE

By John Iekel8/4/2014 • 0 Comments

More than one-in-five retirement plan participants say they don’t work with a financial professional because they think doing so would be too expensive. READ MORE

By John Iekel8/1/2014 • 0 Comments

A secure retirement and adequate retirement savings are targets many Americans can attain. That’s the conclusion that Prudential has reached, based on research by Boston College’s Center for Retirement Research. In its most recent National Retirement Risk Index, the center found that to maintain the standard of living they had before retirement, the average American household needs their 401(k) to provide 35% of income during retirement. The exact percentage varies by income level.
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John Ortman

John Ortman

By John Ortman8/19/2014 • 0 Comments

MassMutual’s Retirement Services division has added seven regional sales directors to support sales of defined contribution retirement plans in the emerging market — typically retirement plans with less than $15 million in assets — raising the firm’s total number of sales representatives for both the emerging and institutional marketplace to 80 nationwide.

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By John Ortman8/18/2014 • 0 Comments

The list of the top five most-read posts on NAPA Net last week includes a report on the settlement of a lawsuit against Fidelity brought by the firm’s employees, Fred Barstein’s take on the future of dabblers in the DC market, a survey finding that a third of DC plan participants have never increased their contribution rate, EBRI's criticism of two new research reports, and a Vanguard post on the “DB-ization” of TDFs.

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By John Ortman8/12/2014 • 0 Comments

The most-read posts on NAPA Net last week included posts on Vanguard’s small plan bundled service, the truth about the OASDI trust fund, a start-up named FeeX, the sad state of New York City’s pension funds, and a report on a retirement panel held by a bipartisan policy group.


 

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By John Ortman8/4/2014 • 0 Comments

So this year’s estimate of when the Old Age, Survivors and Disability Insurance (OASDI) trust fund will run out of money is 2033, the Social Security trustees reported July 28 — roughly the same as last year’s estimate. There’s just one problem: There is no such thing as an OASDI trust fund. READ MORE

By John Ortman8/1/2014 • 0 Comments

As the DC market matures, a power struggle is emerging between record keepers and advisors. As the advisor world moves toward fee-based fiduciary plan advisors who are forming teams, some providers are adjusting. But others are stuck in a pre-Great Recession world — even as all signs are pointing toward a new world in which power is shifting from record keepers to advisors facilitated by DCIO firms. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo8/29/2014 • 0 Comments

Its authors may not have led with that title, but a recent paper calls for wholesale changes to the way Americans currently save for retirement, including suspending all defined contribution savings arrangements because “they are complex, costly, and challenging for employers and employees to manage.”
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By Andrew Remo8/14/2014 • 0 Comments

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 savings. The numbers are eye-popping.

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NAPA Net Staff

NAPA Net Staff

By NAPA Net Staff8/29/2014 • 0 Comments

Axios Advisory Group has affiliated with Pensionmark Retirement Group, giving Pensionmark a presence in Pittsburgh. 



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By NAPA Net Staff8/28/2014 • 0 Comments

Lincoln Financial Retirement Plan Services business recently announced three additions to the firm’s Participant Engagement team:
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By NAPA Net Staff8/28/2014 • 0 Comments

National Financial Partners Corp. (NFP) has acquired Cincinnati-based Benefit Resources Inc., an insurance consulting and brokerage firm. Benefit Resources, founded in 1988, has been a member of NFP's Benefits Partners organization since 2008.
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By NAPA Net Staff8/26/2014 • 0 Comments

Got a 401(k) problem? The IRS has an updated “fix it” guide to help. The guide outlines how to find the mistake, as well as how to fix it and avoid it in the future. Here are some of the problems (and solutions) outlined in the updated guide:
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By NAPA Net Staff8/25/2014 • 0 Comments

Jean-Dominique Butikofer joined the fixed-income team as head of emerging markets at Voya Investment Management. Butikofer will direct the firm’s investment strategy for emerging markets, including sovereign and corporate debt, macro analysis, country research, sovereign risk, currencies, local rates, and asset allocation across sub asset classes. 

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By NAPA Net Staff8/25/2014 • 0 Comments

Participants in 401(k) retirement plans who work with financial advisors save more and have clearer financial goals than their peers, according to a study by Natixis Global Asset Management. 
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By NAPA Net Staff8/25/2014 • 0 Comments

The newly founded Financial Advocacy Network (FAN) has joined the LPL Financial custodial platform. FAN, an independent hybrid RIA group based in the Washington, D.C. area, supports four independent financial advisory practices with a total of 13 financial advisors and about $450 million in advisory and brokerage client assets: The Monitor Group, Rockville, Md.; Wenger Financial Services, Newport News, Va.; Legacy Wealth Management, Mt. Pleasant, S.C.; and Newcorp Wealth Strategies, Atlanta, Ga. 

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By NAPA Net Staff8/21/2014 • 0 Comments

Pete Schroedle has been named regional vice president of retirement sales for the central region of the companies of OneAmerica. 

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By NAPA Net Staff8/20/2014 • 0 Comments

Lincoln Financial Group’s Retirement Plan Services has announced enhancements to its Ibbotson Insight Series investment lineup available in the Lincoln Director employer-sponsored retirement plan program.

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By NAPA Net Staff8/14/2014 • 0 Comments

Participant inertia is a well-documented dynamic in 401(k) plans, but a new survey finds that more than one-third of Americans who contribute to an employer-sponsored retirement plan (36%) have never increased their contribution rate.

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By NAPA Net Staff8/13/2014 • 0 Comments

Fifty-five percent of Hispanic investors agree that “raising and investing in kids is the best retirement plan,” compared to 41% among U.S. investors overall, and a quarter (24%) expect to rely on family members to live and make ends meet in retirement, nearly twice as many as among U.S. investors overall.

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By NAPA Net Staff8/13/2014 • 0 Comments

Ann Slotwinsky, VP of TPA Services at John Hancock Retirement Plan Services, has become president of NIPA, an organization dedicated to creating opportunities and experiences that significantly grow TPA firms and the retirement plan industry.

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By NAPA Net Staff8/13/2014 • 0 Comments

Large plans outperformed small plans in the second quarter of 2014, propelling the median return for all institutional assets tracked by the Wilshire Trust Universe Comparison Service to 3.43%. As it had a quarter ago, corporate funds delivered the largest size spread in returns.

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By NAPA Net Staff8/12/2014 • 0 Comments

A retirement savings demonstration has found its way into the record books — the Guinness Book of World Records, in fact. Prudential Financial turned up at the NASCAR Hall of Fame courtyard in Charlotte, NC last week with a unique lesson plan on the importance of turning small savings into big bucks. READ MORE

By NAPA Net Staff8/12/2014 • 0 Comments

A new Federal Reserve survey paints a bleak picture of America’s retirement future. The Report on the Economic Well-Being of U.S. Households notes that nearly a third (31%) of non-retired respondents reported having no retirement savings or pension, including 19% of those ages 55 to 64. 

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By NAPA Net Staff8/12/2014 • 0 Comments

 

BNY Mellon has named Michael Gordon to head its new Retirement and Strategic Solutions group. This unit was created to address a large amount of unmet client needs, including meeting current retirement needs, anticipating next-generation needs and developing customized, comprehensive and transformational investment solutions for its clients. READ MORE

By NAPA Net Staff8/8/2014 • 0 Comments

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. READ MORE

By NAPA Net Staff8/7/2014 • 0 Comments

While most participants never make investment changes in their 401(k) accounts, this July turns out to have been another quiet trading month, according to Aon Hewitt’s 401(k) Index.  READ MORE

By NAPA Net Staff8/7/2014 • 0 Comments

Maryland Gov. Martin O’Malley (D) has named the members of a panel charged with finding “…ways to better secure retirement savings for private-sector employees in Maryland.” Established by executive order in May and chaired by former Lt. Gov. Kathleen Kennedy Townsend (D), the task force brings together representatives from key sectors across the state to find ways to better secure retirement savings for private-sector employees in Maryland. READ MORE

By NAPA Net Staff8/7/2014 • 0 Comments

When it comes to savings priorities, a new study indicates that single parents may be putting their children’s college ahead of their own retirement. READ MORE

By NAPA Net Staff8/7/2014 • 0 Comments

The new Chief Operating Officer at Global Retirement Partners is Christopher Giles, the retirement plan consulting firm announced Aug. 6. Giles’ new role will be to broaden what Global Retirement Partners offers advisors regarding retirement plans, and also to define and execute strategic programs that will empower plan participants and increase value.

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By NAPA Net Staff8/6/2014 • 0 Comments

Larger employer plans are frequently cited as having better matches, participation rates and access to lower-priced institutional funds — but a new scoring analysis claims that the smallest plans outperform the largest plans. READ MORE

By NAPA Net Staff8/5/2014 • 0 Comments

During the last week of July, the Bipartisan Policy Center hosted a panel on retirement security — and shared some interesting perspectives on the state of America’s retirement readiness. Advisors should understand these perspectives, as they could well find their way into future retirement policy proposals.  READ MORE

Jon Vogler

Jon Vogler

By Jon Vogler8/26/2014 • 0 Comments

Concluding that Congress won't soon move forward on increasing retirement readiness for private-sector employees, Maryland, Connecticut and Illinois have joined the ranks of states that have either established a commission to study creation of statewide retirement programs or taken preliminary steps to create such programs. 
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Alisa Wolking

Alisa Wolking

By Alisa Wolking8/13/2014 • 0 Comments

Mark Prater, Minority Chief Tax Counsel and Deputy Staff Director of the Senate Finance Committee, will speak at the annual NAPA PAC Fly-In Forum dinner event next month. The veteran Senate aide has more than two decades of experience working on the Senate Finance Committee. 
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