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Nevin Adams

Nevin Adams

Nevin Adams

By Nevin Adams12/30/2014 • 0 Comments

The winner of the year’s most ridiculous 401(k) headline may well be one that ran just last week.

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By Nevin Adams12/23/2014 • 0 Comments

Target-date funds are now the dominant asset holding among those in their 20s, though they are much smaller components for other 401(k) participants. But is this gap because of age or hire date? READ MORE

By Nevin Adams12/22/2014 • 0 Comments

A few years back — well, now it’s quite a few years back — when my kids still believed in the reality of Santa Claus, we discovered an ingenious website that purported to offer a real-time assessment of their "naughty or nice" status. READ MORE

By Nevin Adams12/16/2014 • 0 Comments

Policymakers, regulators, and the academics who sometimes advise them, tend to forget that the employer’s decision to keep, and to offer these programs in the first place, is a choice. READ MORE

By Nevin Adams12/10/2014 • 0 Comments

At a recent event, one of the speakers was taking our industry to task for expecting too much from participants. “We don’t expect individuals to diagnose and treat their own illness,” he said, going on to note that with 401(k)s we expect people who don’t have any knowledge or training in investments to decide how to invest those balances.  READ MORE

By Nevin Adams12/8/2014 • 0 Comments

By a large bipartisan majority, the U.S. House of Representatives last week passed tax-extender relief legislation that would, among other things, impact multiemployer pension plan funding. READ MORE

By Nevin Adams12/8/2014 • 0 Comments

At a recent event, one of the speakers was taking our industry to task for expecting too much from participants. “We don’t expect individuals to diagnose and treat their own illness,” he said, going on to note that we expect people with no knowledge or training to decide how to invest their 401(k). READ MORE

By Nevin Adams12/2/2014 • 0 Comments

Debates about the best way to achieve retirement security often seem to resemble an assembly without a set of directions — frequently without even the benefit of an agreed-upon “picture” of what the finished product is supposed to look like. READ MORE

Fred Barstein

Fred Barstein

Fred Barstein

By Fred Barstein12/30/2014 • 0 Comments

The fallout from the accounting errors by ARCP, which controls 50% of all non-traded REIT sales, not only forced chairman and founder Nicholas Schorsch to resign and walk away from hundreds of millions of dollars, but, given ARCP’s size, threatens the entire market as well.

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By Fred Barstein12/23/2014 • 0 Comments

And the beat goes on for DC record keeper consolidation, as John Hancock announced Dec. 23 that it has agreed to acquire the retirement division of NYLife. The combined entity will have $135 billion of AUM, 2.5 million participants and 55,000 plans.

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By Fred Barstein12/23/2014 • 0 Comments

The fallout from the accounting errors by ARCP, which controls 50% of all non-traded REIT sales, not only forced chairman and founder Nicholas Schorsch to resign and walk away from hundreds of millions of dollars, but, given ARCP’s size, threatens the entire market as well. READ MORE

By Fred Barstein12/22/2014 • 0 Comments

In a sign that the DCIO market is maturing, recent research from Ignites shows that hiring today and in the future will be focused on internal wholesalers, marketing and product specialists — ending the run of blindly increasing external wholesaler staff.

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By Fred Barstein12/18/2014 • 0 Comments

Hoping to replicate the start-up environment that launched what has become a $1.7 billion market cap company, Envestnet has funded and launched Envestnet Retirement Services (ERS) to take on the retirement market. Envestnet has a 57% share in the new venture. READ MORE

By Fred Barstein12/16/2014 • 0 Comments

Channeling Mark Twain, former Merrill Lynch and Smith Barney boss Sallie Krawcheck told the MarketCounsel Summit for independent advisors that the demise of the wirehouses is greatly exaggerated. READ MORE

By Fred Barstein12/12/2014 • 0 Comments

DC Wingmen voting opened last week with a huge surge. Thanks to all of you who voted — and a reminder to those who haven’t done so yet that time is running out. READ MORE

By Fred Barstein12/12/2014 • 0 Comments

As VC-backed robo-advisors struggle to gather significant assets — and some turn to traditional partners like Fidelity — Vanguard’s robo-advisor has managed to eclipse them all while still in pilot mode. READ MORE

By Fred Barstein12/10/2014 • 0 Comments

Buck Consultants has applied for a patent on a process and technology that adjusts a participant’s deferral rate automatically depending on changes such as a person’s salary and age. READ MORE

By Fred Barstein12/8/2014 • 0 Comments

Plan sponsors may finally be coming to understand that there is an ROI for their retirement plan — or at least that there could be a cost if they don’t pay attention.  READ MORE

By Fred Barstein12/5/2014 • 0 Comments

When NFP bought the remainder of the assets it did not already own in 401(k) Advisors and RPAG last year, it set off a series of events that has resulted in the recent rebranding of 401(k) Advisors and the creation of NFP Retirement.  READ MORE

By Fred Barstein12/3/2014 • 0 Comments

Only plan advisors know how important their local DC wholesaler can be to growing, building and managing their practice. Here’s your chance to acknowledge all the hard work your wholesalers do. The best ones go out of their way to support you — now you can repay them by going to NAPA’s 2015 DC Top Wholesalers voting site and supporting them. It only takes a minute. 

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By Fred Barstein12/1/2014 • 0 Comments

As with other DC service providers, DCIOs are experiencing significant change as the retirement market in general, and the DC market specifically, becomes part of the mainstream. Our newly updated list of DCIOs includes new initiatives, changes at established firms and a look at what the future may hold. READ MORE

By Fred Barstein12/1/2014 • 0 Comments

Our list of DC Investment Only (DCIO) providers, last updated in December 2014, follows.

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Jerry Bramlett

Jerry Bramlett

Jerry Bramlett

By Jerry Bramlett12/17/2014 • 0 Comments

There’s a lot of fear in the market. Though that fear was sparked by a huge drop in oil, today’s geopolitical backdrop provides additional sources of fear that further increase investor angst. READ MORE

By Jerry Bramlett12/10/2014 • 0 Comments

As it relates to the recent downward pressure on emerging market returns, it certainly seems that EM has entered a perfect storm of geopolitical and economical events.

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By Jerry Bramlett12/3/2014 • 0 Comments

By 2019, 88% of all new contributions will go to target-date funds, according to a recent report from Cerulli. READ MORE

John Carl

John Carl

By John Carl12/23/2014 • 0 Comments

President Obama has signed into law H.R. 5771, legislation that restores qualified charitable distributions for 2014. We’ve updated our Case of the Week post on the QCD situation, originally published in November. READ MORE

By John Carl12/17/2014 • 0 Comments

Responding to a question from a financial advisor in Minnesota, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving the delivery of required plan notices to participants. READ MORE

By John Carl12/9/2014 • 0 Comments

Responding to a question from a financial advisor in Nevada, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving a self-employed 401(k) plan participant’s salary deferral election. READ MORE

By John Carl12/1/2014 • 0 Comments

The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving a plan sponsor’s unease with handling certain plan administrative functions. READ MORE

Walter Davis

Walter Davis

By Walter Davis12/23/2014 • 0 Comments

Advisors and investors should approach alternative investments like a jigsaw puzzle. When putting together a puzzle, the first step is to sort and organize all the pieces. But that's just the beginning, of course; the next step by putting the pieces together.

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Ray Harmon

Ray Harmon

Ray Harmon

By Ray Harmon12/4/2014 • 0 Comments

With time running out on its deadline for providing recommendations, a task force examining alternatives for a possible state-run IRA program in the Old Line State continued to debate the issues. READ MORE

Craig Hoffman

Craig Hoffman

Craig Hoffman

By Craig Hoffman12/1/2014 • 0 Comments

Just ahead of the Thanksgiving holiday, industry headlines proclaimed that the long-awaited fiduciary regulation reproposal was likely to be published in January. But that “call” may have been premature. READ MORE

John Iekel

John Iekel

John Iekel

By John Iekel12/30/2014 • 0 Comments

All disbursements from a retirement plan scheduled to be made at the same time are treated as a single distribution even if they are sent to multiple destinations. That new rule becomes mandatory as 2015 dawns, the IRS has reminded taxpayers in the Dec. 23 issue of its Employee Plans News e-newsletter.

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By John Iekel12/16/2014 • 0 Comments

It’s no secret that state pension plans are beset by obligations beyond their ability to fulfill them. A new study says that the states are nearly $5 trillion behind, a figure that’s $600 billion higher than in 2013, and the most troubled states are all over the country. READ MORE

By John Iekel12/11/2014 • 0 Comments

On Dec. 10, Michigan Gov. Rick Snyder (R) announced that beleaguered Detroit is emerging from bankruptcy. This came two days after Detroit Emergency Manager Kevyn Orr issued his final order. READ MORE

Judy Miller

Judy Miller

By Judy Miller12/15/2014 • 0 Comments

Lawmakers have crafted and approved a sweeping bipartisan solution to address the mammoth funding shortfalls of the multiemployer plan system — a solution that is likely to have a long-term impact on defined benefit pension plans for both single and multiemployer arrangements. READ MORE

John Ortman

John Ortman

By John Ortman12/30/2014 • 0 Comments

For the last three years, a NASA satellite has been tracking the spread of Christmas lighting from 512 miles up. According to the orbital images, nighttime lights around many major U.S. cities shine 20% to 50% brighter during the weeks of Christmas and New Year’s. 

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By John Ortman12/29/2014 • 0 Comments

‘Tis the season for a lot of things: mistletoe, eggnog, ugly holiday sweaters and overproduced halftime shows, to name just a few. Also predictions for next year and beyond. Here are a handful you may have missed while you were otherwise occupied.

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By John Ortman12/23/2014 • 0 Comments

For nearly 30 years, singer Darlene Love helped bring the holiday spirit to the Late Show with David Letterman by singing "Christmas (Baby Please Come Home)," a modern holiday classic she first sang on Phil Spector’s iconic 1963 album, A Christmas Gift for You.

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By John Ortman12/16/2014 • 0 Comments

Nicholas Schorsch has stepped down as Executive Chairman of American Realty Capital Properties, the firm announced Dec. 15. He also resigned from ARCP’s board and the boards of the non-traded REITs managed by Cole Capital. READ MORE

By John Ortman12/12/2014 • 0 Comments

The Securities and Exchange Commission is working on a rule that would require advisors to have a business continuity plan for business disruptions, such as when when they leave the firm or become incapacitated. READ MORE

Andrew Remo

Andrew Remo

By Andrew Remo12/23/2014 • 0 Comments

While finalizing many of the details of the MyRA program, Treasury and the Department of Labor (DOL) may have unearthed some serious new questions. READ MORE

By Andrew Remo12/22/2014 • 0 Comments

Largely overlooked in the flurry of lame duck activity by Congress is a bill that creates a new kind of savings account for those with disabilities. READ MORE

By Andrew Remo12/19/2014 • 0 Comments

Just days before the end of the 113th Congress, two senior members of the House Ways & Means Committee introduced a bipartisan, comprehensive retirement bill. READ MORE

By Andrew Remo12/3/2014 • 0 Comments

More than a dozen states are at various stages of considering some kind of “automatic IRA” proposal — but the Land of Lincoln may have just leapt to the front of the line. READ MORE

NAPA Net Staff

NAPA Net Staff

By NAPA Net Staff12/30/2014 • 0 Comments

Milliman has compiled a list of 10 ideas plan sponsors can adopt in order to improve their retirement plans — and perhaps make it a bit easier on their plan advisors as well.

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By NAPA Net Staff12/29/2014 • 0 Comments

The Center for Due Diligence (CFDD) has ceased operations and closed its doors. On Dec. 25, the CFDD’s website was replaced with a farewell message from CFDD president Phil Chiricotti; 401khelpcenter’s Rick Meigs posted further details about the abrupt end of the CFDD.

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By NAPA Net Staff12/29/2014 • 0 Comments

Have you voted for your favorite DC wholesaler yet? Only a couple of days remain — the voting period for NAPA's 2015 Wingmen list of the top wholesalers ends on Wednesday the 31st.

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By NAPA Net Staff12/29/2014 • 0 Comments

Things you might have missed — highlights of last week’s NAPA Net coverage included:

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By NAPA Net Staff12/23/2014 • 0 Comments

Forced plan cash-outs into individual retirement accounts (IRAs) could leave billions to be poorly invested for the long-term, according to the Government Accountability Office (GAO).

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By NAPA Net Staff12/23/2014 • 0 Comments

The SEC has settled its case with investment management firm F-Squared Investments, which has admitted wrongdoing in the case. READ MORE

By NAPA Net Staff12/23/2014 • 0 Comments

Lincoln Financial Distributors has appointed Tad Fifer national sales manager responsible for distribution of Lincoln’s annuity solutions, the firm announced Dec. 17. READ MORE

By NAPA Net Staff12/23/2014 • 0 Comments

U.S. Secretary of Labor Thomas E. Perez has announced the appointment of five new members to the 2015 Advisory Council on Employee Welfare and Pension Benefit Plans — also known as the ERISA Advisory Council. READ MORE

By NAPA Net Staff12/22/2014 • 0 Comments

Last week we asked readers to vote on the best — and worst — aspects of ERISA and its progeny. Here’s what you told us.

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By NAPA Net Staff12/22/2014 • 0 Comments

PSA Insurance & Financial Services, Inc. (PSA) announced Dec. 18 that the firm has added two experienced retirement professionals to its Fiduciary Consulting Group (FCG) to bolster the firm’s retirement planning practice and strategic partnership with The PFE Group (PFE): READ MORE

By NAPA Net Staff12/22/2014 • 0 Comments

Things you might have missed — highlights of last week’s posts on NAPA Net included: READ MORE

By NAPA Net Staff12/19/2014 • 0 Comments

Retirement plan participants consider a number of factors important in choosing an advisor — but there are notable demographic differences in their priorities.

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By NAPA Net Staff12/19/2014 • 0 Comments

Pentegra Retirement Services announced Dec. 17 that Philip Gould has joined the organization as a regional director for Pentegra’s qualified plan sales. Reporting to Pete Swisher, Pentegra’s SVP of national sales, Gould will spearhead the company’s business development efforts in Texas. READ MORE

By NAPA Net Staff12/19/2014 • 0 Comments

A new survey claims that only 5% of RIA firms feel “advanced” at marketing and business development — and most don’t have a plan in place to improve on that situation. READ MORE

By NAPA Net Staff12/19/2014 • 0 Comments

Festivus — the holiday “for the rest of us” — may have been popularized by Seinfeld, but it didn’t start there. READ MORE

By NAPA Net Staff12/18/2014 • 0 Comments

Chris Schneeman, president of SevenHills Benefit Partners, St. Paul, Minn., recently announced that his firm has reached an agreement to join Pensionmark Retirement Group. SevenHills will be Pensionmark’s first financial services organization in Minnesota.

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By NAPA Net Staff12/18/2014 • 0 Comments

Asked to choose between a 401(k)-type plan or a company pension plan that provides guaranteed income in retirement, a slim majority of non-retirees chose the 401(k). READ MORE

By NAPA Net Staff12/17/2014 • 0 Comments

Another 401(k) revenue sharing lawsuit moved toward settlement this week — hours before the trial was scheduled to begin. READ MORE

By NAPA Net Staff12/17/2014 • 0 Comments

The IRS has released some key end-of-year reminders for holders of IRAs. Advisors and others who deal with IRAs may find the information in Special Edition Tax Tip 2014-24 useful to share with clients and employees. READ MORE

By NAPA Net Staff12/17/2014 • 0 Comments

After what plaintiff’s attorneys describe as “more than 13 years of vigorously contested litigation,” Nationwide has moved to settle a revenue sharing lawsuit for an enormous $140 million. READ MORE

By NAPA Net Staff12/17/2014 • 0 Comments

Chicago-based institutional retirement and investment consulting firm Blue Prairie Group has added Jere Cowden and Mark Muto to lead its Pittsburgh office as part of its advisor affiliate program. READ MORE

By NAPA Net Staff12/16/2014 • 0 Comments

The incoming Chairman of the Senate Finance Committee has a recommendation for the Department of Labor as it crafts new fiduciary rules: Stop. READ MORE

By NAPA Net Staff12/16/2014 • 0 Comments

A new report from Vanguard finds a diminishing presence for company stock in DC plans. READ MORE

By NAPA Net Staff12/16/2014 • 0 Comments

Nearly half of Americans retire earlier than expected, yet retirees overwhelmingly report that they are enjoying themselves and discovering that pre-retirement fears of boredom, financial insecurity and lacking purpose are largely unfounded, according to a new study by MassMutual Retirement Services. READ MORE

By NAPA Net Staff12/15/2014 • 0 Comments

Top-heavy testing, fiduciary liability, minimum participation standards, non-discrimination testing, contribution limits...the best - and worst - of ERISA.  Here's your chance to weigh in! READ MORE

By NAPA Net Staff12/15/2014 • 0 Comments

Financial advisors are making more use of social media than they were even a year ago — and reaping tangible financial rewards as a result, according to findings released by Putnam Investments Dec. 11. The findings are from the most comprehensive study conducted to date of the social media practices of financial advisors, Putnam says. READ MORE

By NAPA Net Staff12/15/2014 • 0 Comments

Things you might have missed — highlights of last week’s NAPA Net coverage.  READ MORE

By NAPA Net Staff12/12/2014 • 0 Comments

Retirement assets of older Americans surged to a new high of $3.5 trillion last year, according to a new report. READ MORE

By NAPA Net Staff12/12/2014 • 0 Comments

SageView Advisory Group announced Dec. 4 that Geoff Rhines and David Anderson, J.D., have joined the firm. READ MORE

By NAPA Net Staff12/12/2014 • 0 Comments

CareerBuilder's annual holiday survey asked workers to share the most unusual gifts they've received from a co-worker during the holiday season.  READ MORE

By NAPA Net Staff12/12/2014 • 0 Comments

A new survey claims that college faculty and staff are at least somewhat better prepared for retirement than the general population – and they’re more likely to have met with a financial advisor.   READ MORE

By NAPA Net Staff12/10/2014 • 0 Comments

The average participant is paying less for their 401(k) than they were in 2009, at least as a percentage of assets, according to a new analysis. READ MORE

By NAPA Net Staff12/10/2014 • 0 Comments

Wells Fargo’s Wealth, Brokerage and Retirement (WBR) division announced on Dec. 3 the launch of Wells Fargo Investment Institute (WFII). According to the announcement, the WFII brings together the investment research, strategy, manager research and publications teams from WBR’s four lines of business to create a single group with a goal of providing world-class advice to both the company's clients and advisors. READ MORE

By NAPA Net Staff12/10/2014 • 0 Comments

New Years resolutions are still a few weeks away, but employers already have one regarding their retirement plans — improving communication. In a recent survey, most employers told Towers Watson they plan to do more to educate and inform employees in order to heighten their employees’ knowledge about retirement readiness.

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By NAPA Net Staff12/10/2014 • 0 Comments

Massachusetts Mutual Life Insurance Company won two awards at the 2014 ContactCenterWorld Global Top Ranking Performers Best Practices Conference, the firm announced Dec. 3. READ MORE

By NAPA Net Staff12/9/2014 • 0 Comments

Financial resolutions for 2015 are on the decline — and that doesn’t bode well for financial realities, according to a new survey. READ MORE

By NAPA Net Staff12/9/2014 • 0 Comments

Plan sponsors have a lot on their minds — but what are they most concerned about? READ MORE

By NAPA Net Staff12/8/2014 • 0 Comments

When plan sponsors were asked recently how they felt their organizations did on several key plan success measures, overall participation rate ranked highest, and was most commonly measured. Participant outcomes did not fare as well. READ MORE

By NAPA Net Staff12/8/2014 • 0 Comments

New Year’s Eve is the deadline for most 2014 required minimum distributions to be made, the IRS reminded retirement professionals Dec. 8. Generally, RMDs from 401(k), 403(b) and 457 plans, as well as IRAs, must be made by Dec. 31. READ MORE

By NAPA Net Staff12/8/2014 • 0 Comments

Fidelity Institutional, the division of Fidelity Investments® that provides clearing, custody and investment management products to registered investment advisors (RIAs), retirement record keepers, broker dealers, family offices and banks, has announced a new collaboration with LearnVest, as well as additional resources to help advisors explore options to digitize their practices. READ MORE

By NAPA Net Staff12/8/2014 • 0 Comments

Things you might have missed — highlights of last week’s NAPA Net coverage. READ MORE

By NAPA Net Staff12/8/2014 • 0 Comments

A recent survey of plan sponsors reveals that providing access to a financial advisor is an important factor in encouraging employees to save — but not the most important one.

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By NAPA Net Staff12/5/2014 • 0 Comments

Even the affluent are “terrified” of the impact of health care costs on retirement — but most haven’t discussed that topic with an advisor. READ MORE

By NAPA Net Staff12/5/2014 • 0 Comments

A recent survey finds that a third of respondents are either already in an outsourced DC solution or have expressed interest in delegating all or a portion of their plan oversight.

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By NAPA Net Staff12/5/2014 • 0 Comments

By at least one measure, true love could cost a little more this holiday season. READ MORE

By NAPA Net Staff12/4/2014 • 0 Comments

Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, announced Dec. 2 that industry veteran Tim Seifert has joined the company as vice president, national sales manager, of its Intermediary Retirement Plan Services business. This area of the business focuses on the small market 401(k) segment, one of the fastest growing within the Retirement Plan Services space. READ MORE

By NAPA Net Staff12/3/2014 • 0 Comments

Fortune 1000 firms reported an estimated $285 billion in retiree medical obligations for 2013 — but that’s better than the previous year, according to a recent report. READ MORE

By NAPA Net Staff12/3/2014 • 0 Comments

NFP, a leading insurance broker and consultant that provides employee benefits, P&C, retirement and individual insurance and wealth management solutions, announced Dec. 2 that 401(k) Advisors, Inc., a wholly owned subsidiary of NFP and an industry leader in the retirement plan consulting space, is rebranding as NFP Retirement. READ MORE

By NAPA Net Staff12/3/2014 • 0 Comments

American Century Investments announced the debut of its Multi-Asset Income Fund Dec. 1. The new fund is designed for investors seeking sustainable monthly income from a diversified portfolio consisting of a mix of domestic and foreign fixed income and equity investments. READ MORE

By NAPA Net Staff12/2/2014 • 0 Comments

Does your retirement plan have a qualified default investment alternative (QDIA)? Have you worked with plan sponsors who have, or who have considered, adopting a QDIA? READ MORE

By NAPA Net Staff12/2/2014 • 0 Comments

Consistent 401(k) participants had something to be thankful for last month, as average balances continued to gain ground, according to the Employee Benefit Research Institute (EBRI). READ MORE

By NAPA Net Staff12/2/2014 • 0 Comments

The Principal Financial Group® announced Nov. 26 that its Board of Directors has elected Daniel J. Houston president and chief operating officer, effective immediately. READ MORE

By NAPA Net Staff12/1/2014 • 0 Comments

The number of companies offering lifetime income options remains fairly low, at just 12%, according to a new report. While that’s twice as many as in 2012, the percentage of plan sponsors considering adding these options has dropped significantly since then. READ MORE

By NAPA Net Staff12/1/2014 • 0 Comments

The IRS has amended the safe harbor explanations provided with eligible rollover distributions to accommodate recent guidance on in-plan Roth rollovers and the allocation of taxable amounts. READ MORE

By NAPA Net Staff12/1/2014 • 0 Comments

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

By NAPA Net Staff12/1/2014 • 0 Comments

The Principal Financial Group has introduced the Principal Pivot Series, a new variable annuity product. The product brings together the flexibility of investments, tax deferral, death benefit protection and the opportunity to seamlessly transfer from accumulation to income, according to The Principal. READ MORE

By NAPA Net Staff12/1/2014 • 0 Comments

The Principal Financial Group® announced Nov. 26 that its Board of Directors has elected Daniel J. Houston president and chief operating officer, effective immediately. READ MORE

By NAPA Net Staff12/1/2014 • 0 Comments

American Century Investments announced the debut of its Multi-Asset Income Fund on Dec. 1. READ MORE