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Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams9/29/2014 • 1 Comments

If you work with a plan in, or with certain connections to, the state of Florida, you may have a compliance problem with your plan loans.

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By Nevin Adams9/28/2014 • 1 Comments

We’re now about a month away from the announcement of the 2015 limits — but not so far away that we can’t speculate about whether we’re likely to see increases in some of the annually adjusted limits next year.

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By Nevin Adams9/27/2014 • 0 Comments

When it comes to retirement savings, most still seem to “begin” with whatever is “left over” - after bills, living expenses, food, and the like. 

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By Nevin Adams9/26/2014 • 1 Comments

Janus Capital Group Inc. has announced that legendary fixed-income manager William H. Gross will be joining Janus Capital Group, where he will manage a recently launched Janus Global Unconstrained Bond Fund and related strategies.

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By Nevin Adams9/26/2014 • 1 Comments

A plan sponsor’s decision to eliminate an option to transfer DC account balances to a DB floor-offset plan didn't violate ERISA’s anti-cutback rules, according to a federal appeals court.

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By Nevin Adams9/25/2014 • 1 Comments

Politics stinks. Yes, literally, it seems. According to a study published recently in the American Journal of Political Science, it seems that people can literally sniff out ideology.

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By Nevin Adams9/25/2014 • 1 Comments

There is a growing interest among policymakers and regulators about the potential for gamification — the use of game thinking and game mechanics in non-game contexts to engage users in solving problems — to enhance and expand savings in DC plans. If you’ve had experience with this approach, or know someone who has, we’d love to talk with you to learn more about your experiences and results. Confidentially, if you’d prefer. Please email me at nevin.adams@asppa.org.

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By Nevin Adams9/24/2014 • 0 Comments

The Securities and Exchange Commission is investigating whether bond giant PIMCO artificially boosted the returns of the $3.6 billion PIMCO Total Return exchange-traded fund, according to The Wall Street Journal.

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By Nevin Adams9/23/2014 • 1 Comments

While there are plenty of cautionary tales about the way(s) in which you can unintentionally become a plan fiduciary, a recent court case highlights another potential trap for company officials.

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By Nevin Adams9/22/2014 • 0 Comments

We know that the IRS imposes a specific timeframe on when distributions of retirement savings from qualified plans must start — but what might happen if those requirements were removed?

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By Nevin Adams9/22/2014 • 0 Comments

Our industry has long maintained that a greater focus is needed on decumulation — the process/pattern for drawing down the retirement savings that the traditional focus on accumulation has nurtured.

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By Nevin Adams9/19/2014 • 0 Comments

Congress is heading out of town, but that hasn’t stopped a consortium of unions and consumer groups from sending a “Dear Member of Congress” letter lending their support to the Department of Labor’s revision of the fiduciary rule.

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By Nevin Adams9/18/2014 • 2 Comments

Much is said and written about the demise of DB plans, but a recent House subcommittee hearing was focused on ways to help sustain the programs still in place.


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By Nevin Adams9/17/2014 • 2 Comments

Apparently the ghost of Mitt Romney’s IRA continues to haunt Capitol Hill — and, if the Chairman of the Senate Finance Committee has his way, retirement savings will be on the tax reform agenda.


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By Nevin Adams9/15/2014 • 0 Comments

With employer stock holding no longer “presumed” to be prudent, a federal appeals court has vacated the dismissal of a stock drop suit against Lehman Brothers, re-opening the case.

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By Nevin Adams9/15/2014 • 0 Comments

In response to concerns that tomorrow’s retirees will run short of money, we are often told to save more, to work longer, or — as often as not these days — to work longer and save more. Certainly working and saving longer can do wonders in terms of stretching your retirement nest egg.

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By Nevin Adams9/12/2014 • 0 Comments

Pension plan sponsors got some much-anticipated guidance from the IRS on Sept. 11. The good news: The IRS has provided a number of options as part of the guidance on pension funding stabilization under the Highway and Transportation Funding Act of 2014 (HATFA). The bad news: Most plans will only have until the end of the year to choose. 

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By Nevin Adams9/11/2014 • 0 Comments

When it rains, it pours — in a single week we now have an announcement of a second congressional hearing on retirement plan issues. Both hearings are slated for next week.

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By Nevin Adams9/8/2014 • 0 Comments

A class action lawsuit brought by plan participants, a retiree and a plan fiduciary claims that Warren Buffett’s Berkshire Hathaway broke a promise it made as part of an acquisition agreement not to cut benefits.

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By Nevin Adams9/5/2014 • 0 Comments

The cost of living when you retire is greatly influenced by the cost of where you’re living when you retire. While many wind up retiring where they lived previously, it’s a factor that advisors — and those they advise — should consider in retirement planning.

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By Nevin Adams9/5/2014 • 0 Comments

A new report from the Federal Reserve finds that while retirement plan participation remained relatively flat over the past three years, the median and average value of those retirement plan accounts rose “substantially,” according to the report.

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By Nevin Adams9/5/2014 • 0 Comments

Have you heard this one? “Only about half of working Americans are covered by a workplace retirement plan.”  Sure you have. It’s a statistic that is widely cited and reported, both in the mainstream press and on Capitol Hill.

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By Nevin Adams9/4/2014 • 0 Comments

Odds are, over the years you’ve been asked to do some “weird” things by your boss — and maybe you’ve found yourself in the position of making some odd requests of your staff.
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By Nevin Adams9/3/2014 • 0 Comments

Earlier this summer the Treasury Department issued new regulations encouraging longevity insurance within DC plans and IRAs — but will that make a difference?  
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By Nevin Adams9/2/2014 • 0 Comments

August looks to have been a good month for 401(k) participants. For individuals in the EBRI/ICI database during the month, the average account balance rose 4.4% for participants ages 25-34 with one to four years of tenure (and consistent participation since 2012), while the average account balance also rose 2.6% for participants ages 55-64 with 20-29 years of tenure.
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By Nevin Adams9/1/2014 • 0 Comments

Things you might have missed — but shouldn’t. Highlights from last week’s NAPA Net Daily include: READ MORE

Fred Barstein

Fred Barstein

Fred Barstein

By Fred Barstein9/30/2014 • 0 Comments

Most of the discussion these days is about outsourcing investment fiduciary duties under ERISA section 3(38), which transfers full discretion or limited discretion to the co-fiduciary under section 3(21). But more and more advisors are looking at transferring administrative fiduciary responsibility to third parties, or so-called 3(16) fiduciaries.

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By Fred Barstein9/30/2014 • 1 Comments

Though markets averaged a 7.45% return from 2004-2012, unfunded liability of public pension funds tripled — to just under $2 trillion — over that same period, according to a recent Moody’s report.

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By Fred Barstein9/29/2014 • 1 Comments

What do most small businesses (and even bigger ones) want from their benefits and retirement plans? The answer is nothing — no cost, work or liability. A new online benefits company, Zenefits, is delivering nothing and collecting the hefty fee that a health care broker would otherwise collect. 

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By Fred Barstein9/26/2014 • 1 Comments

Adding to an already deep bench, RCAP has hired LPL veteran Bill Dwyer to head up distribution of its non-traded REITs and other products to independent BDs, RIAs, banks and other channels like wire houses.

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By Fred Barstein9/24/2014 • 0 Comments

Realizing that the opposition has outgunned their lobbying efforts, advocates for an SEC fiduciary rule admit that they are losing the battle “badly” on trying to get the SEC to act on a proposed uniform rule. 

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By Fred Barstein9/22/2014 • 0 Comments

One of a series of InvestmentNews articles for plan advisors addresses the issue of managed accounts. Many experts are quick to dismiss managed accounts as a niche that has gathered minimal assets. But those assets have almost doubled over the past two years, to an estimated $163 billion, according to Cerulli.

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By Fred Barstein9/22/2014 • 0 Comments

As expected, FINRA backed off on stringent rules requiring registered reps to disclose signing bonuses to clients. Instead, FINRA would require reps to send a list of questions to clients that they may want to ask to determine the impact of their broker’s move.

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By Fred Barstein9/19/2014 • 0 Comments

Forrester Research has picked Wealthfront as the strongest and most likely to succeed among the current crop of emerging and growing robo-advisors. While it only has $1.42 billion of AUM, that has been accumulated in less than three years — and they do get a decent fee at 25 BPs. 

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By Fred Barstein9/17/2014 • 2 Comments

In a thought-provoking paper covered in The Wall Street Journal, Wharton professor Adam Cobb reviews why larger companies abandoned DB plans and how it has affected them and their workforces. 


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By Fred Barstein9/17/2014 • 0 Comments

The U.S. Treasury Department’s Mark Iwry, author of the Pension Protection Act of 2006 — the law that heralded the auto-plan — outlined what he considers the ideal DC plan at this week’s Plan Sponsor Council of America annual conference in Miami. 

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By Fred Barstein9/16/2014 • 1 Comments

The controversial FINRA rule which would have required advisors to disclose recruitment bonuses might never make it to the light of day. Reports indicate that the FINRA Board will reconsider the rule at its upcoming Sept. 19 meeting.

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By Fred Barstein9/15/2014 • 2 Comments

United Capital’s Joe Duran suggests that the glory days of independent advisors may be over, citing four threats likely to cause disruption and change.

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By Fred Barstein9/12/2014 • 0 Comments

Changes to the SEC’s money market fund rules set to take effect Oct. 14, 2016 will have implications for DC plan sponsors that should be carefully considered, a new paper from McDermott Will & Emery notes.

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By Fred Barstein9/11/2014 • 0 Comments

Great-West has made organizational changes as it completes the acquisition of JP Morgan’s large market record keeping division: 

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By Fred Barstein9/10/2014 • 0 Comments

Participant fee equalization is a hot topic among DC nerds. But will it become mainstream, and do plan sponsors care? That question, as well as how to create a plan in which participants pay the same fees regardless of the investments they choose, is discussed in a thoughtful white paper by Arnerich Massena.

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By Fred Barstein9/9/2014 • 0 Comments

When TDFs first came out, some advisors saw them as a threat — especially when the record keeper only offered one option, usually their own. For advisors who saw their value primarily in the selection and monitoring of investments, the use of TDFs seemed to diminish that value.

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By Fred Barstein9/5/2014 • 0 Comments

In a further sign of the difficulties that ETFs are having trying to crack the 401(k) market, BlackRock’s iShares division is shutting down its exchange-traded TDF. The fund had attracted only $308 million since 2008, some of which was seed money from the firm.

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By Fred Barstein9/4/2014 • 0 Comments

Last year Russell announced their Adaptive Investing service, which they touted as an alternative to TDFs. In a sign of their continuing support of technology that can aggregate other financial data of plan participants to create a holistic financial picture, Russell has announced that they are the lead investor in Next Capital, the technology behind Adaptive Investing. 
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By Fred Barstein9/3/2014 • 0 Comments

As expected, the deal announced last April by Great-West to acquire JP Morgan’s Retirement Plan Services large-market recordkeeping business closed last week, giving the combined companies almost 7 million participants and close to $400 billion in plan assets covering 457, 403(b) and 401(k) plans. 
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By Fred Barstein9/2/2014 • 0 Comments

Many people are gambling with their retirement, not saving enough and hoping that things will work out. But some credit unions and nonprofits are taking a different approach to induce savings: lottery tickets. 
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Jerry Bramlett

Jerry Bramlett

Jerry Bramlett

By Jerry Bramlett9/29/2014 • 0 Comments

In a MarketWatch post, “The No. 1 Flaw in America’s Biggest 401(k) Plans,” author Paul Merriman makes three observations concerning the investment lineups of the 100 largest U.S. companies’ 401(k) plans.

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By Jerry Bramlett9/23/2014 • 0 Comments

The conventional wisdom — as is evident from the mainstream glide paths embedded in the most popular target date funds (TDFs) — is that DC investors should be invested in portfolios that decrease investor equity exposure over time.

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By Jerry Bramlett9/15/2014 • 0 Comments

Before World War II, Japan was known as the Land of the Rising Sun. After its devastating defeat, however, it became known as the “land of the setting sun” — a description that became the title of a book by the well-known Japanese novelist, Osamu Dazai. 

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By Jerry Bramlett9/9/2014 • 0 Comments

A Money magazine article published Sept. 2, “Why Your 401(k) May Only Return 4%,” makes this point: “The biggest dilemma in retirement investing may be how hard it will be to grow our savings in the next decade.”

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By Jerry Bramlett9/2/2014 • 0 Comments

Plan sponsors often look to their plan advisor to provide some perspective on the impact of current geopolitical events on the markets. This is especially the case when asset prices are high and the bears are out and about, with many predicting an imminent demise in the equity market.  READ MORE

John Carl

John Carl

By John Carl9/22/2014 • 0 Comments

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

By John Carl9/15/2014 • 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 inquiry involving a plan establishment deadline. READ MORE

By John Carl9/8/2014 • 0 Comments

Responding to a question from an advisor in Kentucky, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry related to cash balance defined benefit plans. READ MORE

Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon9/11/2014 • 0 Comments

At a recent event commemorating ERISA’s 40th anniversary, Phyllis C. Borzi, Assistant Secretary of the DOL’s Employee Benefits Security Administration (EBSA), did not directly address her agency’s forthcoming proposed change to the definition of a fiduciary. But then, she didn’t have to. 

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John Iekel

John Iekel

John Iekel

By John Iekel9/18/2014 • 1 Comments

Washington has been training its eye on fees and transparency for years now. But so is the industry. The North American Securities Administrators Association (NASAA) is the latest organization to convene a group trying to make sure broker dealers are giving investors fee disclosures they can understand, ThinkAdvisor reports.

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By John Iekel9/16/2014 • 0 Comments

It’s only September, but the end of the 2014 plan year is fast approaching. That means more than compiling data for information reporting and preparing for the 2015 plan year — it also means providing notices to plan participants before New Year’s Eve.

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John Ortman

John Ortman

By John Ortman9/30/2014 • 1 Comments

As the debate on Capitol Hill over retirement policy moves forward, it must be bipartisan and based on facts, not ideology, Sen. Orrin Hatch (R-Utah) told the delegates to the second annual NAPA DC Fly-In Forum Sept. 30.

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By John Ortman9/26/2014 • 1 Comments

Did you read the August jobs report from the Bureau of Labor Statistics? Me neither. But buried deep in the report, a recent Fiscal Times articles noted, was a bad-news milestone that bodes ill for young Boomers and members of “Generation Z” — the next generation following the Millennials.

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By John Ortman9/4/2014 • 0 Comments

If the scheme being pushed by Rep. Maxine Waters (D-Calif.) and others to impose a new user fee to pay for an expansion of the SEC’s investment advisor exam program is adopted, the average annual cost per SEC-registered firm would be $27,013, RIA consultant RIA in a Box estimates. The total cost: around $310 million.
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Andrew Remo

Andrew Remo

By Andrew Remo9/19/2014 • 0 Comments

Three key players in the formulation and design of the auto-IRA concept came together at a Sept. 17 policy forum in Washington, D.C. to offer perspective and an assessment of the road ahead.

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Tom Rowley

Tom Rowley

By Tom Rowley9/20/2014 • 0 Comments

You already know that life insurance is designed to protect your family if you die prematurely. But are you “insured” against the opposite situation: living so long that you outlast your retirement savings?

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NAPA Net Staff

NAPA Net Staff

By NAPA Net Staff9/30/2014 • 1 Comments

Having experienced the first positive markets of their adult lifetime, young investors now view missing out on investment growth as a negative, and more than half of investors in their late 20s and 30s worry more about missing investment opportunities than losing money in the markets, a new Investor Mindset study by Hearts & Wallets found.

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By NAPA Net Staff9/29/2014 • 1 Comments

Americans held $6.586 trillion in employer-based DC retirement plans on June 30, 2014, of which $4.435 trillion was held in 401(k) plans. Those figures are up from $6.357 trillion and $4.265 trillion, respectively, as of March 31, 2014, according to the Investment Company Institute (ICI).

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By NAPA Net Staff9/29/2014 • 1 Comments

Nationwide Financial has added an automatic rebalancing feature to its Investment Solutions Builder (ISB) tool.

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By NAPA Net Staff9/29/2014 • 1 Comments

Things you might have missed — but shouldn’t. Here are highlights from last week’s posts on NAPA Net.

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By NAPA Net Staff9/27/2014 • 1 Comments

AllianceBernstein has announced three new hires to its defined contribution team.

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By NAPA Net Staff9/26/2014 • 0 Comments

Roughly 6,800 American companies have an employee stock ownership plan, or ESOP. Recently Assistant Secretary of Labor Phyllis Borzi had some cautionary comments for those who have, and work with, those plans.

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By NAPA Net Staff9/25/2014 • 1 Comments

TD Ameritrade has announced a new relationship with one of the largest equity compensation software-as-a-service companies in the world, Equity Administration Solutions, Inc. (EASi).

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By NAPA Net Staff9/25/2014 • 1 Comments

Kris Krikorian has joined Pentegra Retirement Services as a regional director for qualified plan sales.

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By NAPA Net Staff9/23/2014 • 0 Comments

More than 100 financial advisor attendees of Matrix’s 2014 Get Connected Conference recently attained NAPA’s Qualified Plan Financial Consultant (QPFC) credential. 

 

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By NAPA Net Staff9/23/2014 • 0 Comments

Right on schedule, last week Oregon State Treasurer Ted Wheeler presented the recommendations of the Retirement Security Task Force to the state legislature — with an eye toward ensuring that the new plans don’t discourage employers from offering ERISA-qualified plans.

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By NAPA Net Staff9/22/2014 • 0 Comments

A new survey throws cold water on the notion that a single member of high-net-worth (HNW) couples wears the financial decision-making pants. The survey found that 66% of HNW investors made joint financial decisions with their spouse or partner, and this was particularly true on matters related to retirement.

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By NAPA Net Staff9/22/2014 • 0 Comments

The Urban Institute, a left-leaning think tank, has given “straight A’s” to a conservative U.S. Senator’s retirement savings legislation. 

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By NAPA Net Staff9/22/2014 • 0 Comments

Things you might have missed — but shouldn’t. Click here to view NAPA Net's highlights from last week.

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By NAPA Net Staff9/19/2014 • 0 Comments

The IRS has issued some much-anticipated clarity on Roth 401(k) distributions, and on cash balance plans as well.

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By NAPA Net Staff9/18/2014 • 0 Comments

Attracting and retaining the right talent is a key objective of workplace benefit plans generally, and retirement plans specifically. A new study offers insights on how RIA firms are approaching the retention challenge. 

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By NAPA Net Staff9/17/2014 • 0 Comments

A new analysis by the Government Accountability Office (GAO) estimates that it would take an aggressive combination of assumptions to produce a $1 million IRA — and then notes that around 600,000 taxpayers had aggregate IRA balances exceeding that amount.

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By NAPA Net Staff9/16/2014 • 0 Comments

 

CUNA Mutual Retirement Solutions has hired Chris Graves as director of strategic accounts. Graves will lead all key account responsibilities with the company’s top DCIO fund family partnerships and broker-dealer relationships nationwide. 
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By NAPA Net Staff9/16/2014 • 0 Comments

A newly released white paper from ShoeFitts Marketing shows financial services firms how to develop a social media policy, including comprehensive steps and strategies. 

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By NAPA Net Staff9/16/2014 • 0 Comments

Graystone Consulting, a business of Morgan Stanley, has hired The Brice Group to serve institutional and individual clients in the Midwest.

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By NAPA Net Staff9/15/2014 • 0 Comments

Lincoln Financial Distributors (LFD), the wholesale distribution business of Lincoln Financial Group, has added four people to its Retirement Plan Services intermediary sales force, bringing the team to 34-strong nationwide.

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By NAPA Net Staff9/15/2014 • 0 Comments

Being financially secure in retirement is important, but it came in a distant second to having good health (58% to 81%) in a new survey that identified the most important ingredients of a happy retirement.

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By NAPA Net Staff9/15/2014 • 0 Comments

Things you might have missed – but shouldn’t. Highlights from last week’s NAPA Net posts included:

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By NAPA Net Staff9/15/2014 • 0 Comments

Is there anyone who’s not familiar with this simplest, most common solution to technology issues?

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By NAPA Net Staff9/15/2014 • 1 Comments

Guardian Life has appointed Michael Reis to the new position of Field Director of Retirement Plan Sales.

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By NAPA Net Staff9/11/2014 • 0 Comments

Participant transfer volumes remained in the summer doldrums in August, according to the Aon Hewitt 401(k) Index.

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By NAPA Net Staff9/11/2014 • 0 Comments

CAPTRUST Financial Advisors has opened an office in Columbia, Missouri and hired father-and-son financial advisors: John and Sean Weber.

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By NAPA Net Staff9/10/2014 • 0 Comments

A new analysis explains that, while each situation is unique, most employers tend to take one of three broad approaches in moving to a DC-only environment. The report can serve as a roadmap for advisors looking to help with that transition.  

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By NAPA Net Staff9/10/2014 • 0 Comments

With the fall elections looming, next week the Senate Finance Committee will hold a hearing on retirement issues. Titled, “Retirement Savings 2.0: Updating Savings Policy for the Modern Economy,” the hearing is slated for Tuesday, Sept. 16, at 10 am.

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By NAPA Net Staff9/10/2014 • 0 Comments

CAPTRUST Financial Advisors has agreed to merge with Defined Contribution Advisors, Inc., an institutional investment advisory firm based in Minneapolis. Founded by Dan Esch in 1994, DCAdvisors will become part of CAPTRUST upon completion of the merger, which is expected to close at the end of this month. 

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By NAPA Net Staff9/9/2014 • 0 Comments

With taxes and tax rates facing an uncertain future, interest in Roth IRAs is growing among both participants and plan sponsors. But who is contributing to these Roth IRAs, and how fast are they growing?

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By NAPA Net Staff9/9/2014 • 0 Comments

The good news for advisors is that more Americans are interested in receiving financial advice. The bad news is that a strong majority still aren’t.

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By NAPA Net Staff9/9/2014 • 0 Comments

Advisors wanting to provide their insights to the Department of Labor on two topics — outsourcing employee benefit services and ways to facilitate lifetime plan participation — now have an opportunity to do so.

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By NAPA Net Staff9/9/2014 • 0 Comments

A new tool from John Hancock Retirement Plan Services is designed to help advisors simplify 401(k) plan management. The “John Hancock Plan Manager,” an interactive website, creates and calendarizes a customized service approach and then helps implement it.

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By NAPA Net Staff9/8/2014 • 0 Comments

While the shift from DB to DC plan designs among the Fortune 500 has been widespread, a new analysis finds that some sectors seem more inclined than others to make the switch.

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By NAPA Net Staff9/8/2014 • 0 Comments

Things you might have missed — but shouldn’t. Highlights from last week’s NAPA Net posts included:

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By NAPA Net Staff9/8/2014 • 1 Comments

We are pleased to announce that the nomination period is now open for the 2015 NAPA 401(k) Advisor Leadership Award, and will run through Oct. 31. The winner will be announced at the 2015 NAPA 401(k) SUMMIT in San Diego in March.

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By NAPA Net Staff9/8/2014 • 0 Comments

The Standard has announced that Brandon Budd has joined the firm as a retirement plan consultant in its South sales region, supporting advisors in Iowa, Missouri, Nebraska and Kansas.

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By NAPA Net Staff9/5/2014 • 0 Comments

Guardian Insurance has added 21 new investment options to its Guardian Choice® and The Guardian Advantage® investment option lineups. The additions include offerings from new fund families such as American Funds, Morgan Stanley Investment Management, Natixis Funds, OppenheimerFunds and Putnam Investments, as well as ones from existing fund families, including Vanguard, MFS, Franklin Templeton Investments and Invesco.  

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By NAPA Net Staff9/5/2014 • 0 Comments

Pentegra Retirement Services has introduced “Pentegra SmartPath,” a new brochure which details recommended progressive plan design best practices that can best ensure successful retirement outcomes for 401(k) plan participants and sponsors.

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By NAPA Net Staff9/4/2014 • 0 Comments

Merger and acquisition activity picked up in the second quarter of 2014, with 16 deals inked totaling approximately $19 billion in assets under management, according to a new report from Schwab Advisor Services.
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By NAPA Net Staff9/3/2014 • 0 Comments

Most Gen X workers who participate in a 401(k) plan are using some form of professionally-managed account in those plans — though less than quarter say that saving for retirement is their greatest financial priority at present. READ MORE

By NAPA Net Staff9/3/2014 • 0 Comments

MassMutual Retirement Services has named Aruna Hobbs as Head of Institutional Investments for Retirement Plans as part of a strategy to more aggressively promote its mutual funds and stable value investments to retirement plan sponsors and their financial advisors.
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By NAPA Net Staff9/2/2014 • 0 Comments

Median household net worth decreased by $5,046, or 6.8%, between 2000 and 2011, but during that same period, median net worth increased for those age 65 and older, according to a new report from the U.S. Census Bureau. 
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By NAPA Net Staff9/2/2014 • 0 Comments

OneAmerica has completed the acquisition of City National Bank's retirement services record keeping business. Business operations will remain in San Diego. Terms of the agreement, announced in June, were not disclosed.
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