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Tax Reform Proposal Could Undermine Incentives for Small Business Plans
An outline of the Republican tax reform plan released Sept. 27 includes a proposal to cap the tax rate on small business “pass-through” income at 25%. More than 90% of businesses are organized as...
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Why You Need Surround-Sound Networking
Wherever and whenever your clients, prospects and centers of influence are seeking retirement plan related information, you are there. That’s 360 degrees of you. Here are the four tips on becoming the...
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Recordkeeper Dodges Excessive Fee Claims With Robo-Advisor Arrangement
Fidelity has prevailed in an excessive fee suit that took issue with the fee arrangement of an online advice program and the choices provided participants via a plan’s self-directed brokerage account....
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The Fourth, Less Well Known BICE Requirement
While many are likely aware that the Best Interest Contract Exemption (BICE) requires satisfaction of three impartial conduct standards, there is a fourth, less well known requirement. In his most...
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Another Win Some, Lose Some for Parties in 403(b) Suit
Citing the rulings in a number of other university 403(b) suits, a federal district court has weighed in on the issues in a case involving Johns Hopkins University. The suit, brought against the plan...
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Your 401(k) Accounts Could Be Hacked
While hacks at Equifax and the Securities and Exchange Commission have dominated the headlines, over the past several weeks, hackers have been attempting – and in at least one case had success – in...
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Reader Poll: Do You Have an Education Policy Statement Policy?
While education policy statements are not exactly “new,” they have come into greater visibility (if not use) along with a growing emphasis on financial wellness and retirement outcomes, not to mention...
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Is it Possible to Be an Advisor Without Being a Fiduciary?
In his most recent (62nd, but who’s counting?) blog post regarding the Department of Labor’s fiduciary rule and exemptions, Fred Reish poses an intriguing question. He notes that under the new...
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6 Dangerous Fiduciary Assumptions
There’s an old saying that when you assume… well, here are six assumptions that can create real headaches for retirement plan fiduciaries. Assuming that not being required to have an investment policy...
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MIT Excessive Fee Suit Moves Forward
It’s said that reasonable minds can differ – and that turns out to be the case in another university 401(k) suit. The plaintiffs in this case are five employees of Massachusetts Institute of Technology...
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Reader Poll: The Cyberattack ‘Gap’
Our latest reader poll finds that most NAPA Net readers are concerned about retirement plan cybersecurity. But their plan sponsor clients? Not so much. While more than three-quarters of the respondents...
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Comprehensive Retirement Simplification, Auto 401(k) Legislation Introduced
A key House Democrat introduced two bills on Dec. 1 that seek to implement automatic 401(k)s and simplify administration and improve retirement savings opportunities across the spectrum of plans,...
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Is Your 401(k) Kinda Bullsh*t?
The headline of a recent article didn’t pose that as a question. And that should make you think. The article, penned by a not-yet-30-year old, was mostly negative on the nation’s primary private...
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Case of the Week: Life Insurance in Qualified Plans
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and...
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Participant Alleges Design Flaw in Proprietary Fund Suit
An alleged “built-in” flaw in fund design has drawn a fiduciary breach suit by a plan participant. The suit (Birse v. CenturyLink, Inc., D. Colo., No. 1:17-cv-02872, complaint filed 11/30/17) was filed...
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Tax Reform Proposal Undermines Small Business Workers’ Retirement – We Need...
Tax reform proposals being hurried through Congress could have a dramatic impact on the retirement security of small businesses and millions of small business workers – we need your help to do...
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Settlement Struck in Excessive Fee Suit
The parties have come to terms in a suit involving what was claimed to be one of the most expensive plans in America. The unopposed motion for preliminary approval of a class action settlement...
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Case of the Week: Ownership and Spousal Attribution
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and...
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Senate HELP Committee OKs Rutledge as EBSA Head
The Senate Health, Education, Labor and Pensions Committee voted Dec. 13 to approve the nomination of Preston Rutledge to be Assistant Secretary of Labor, Employee Benefits Security Administration. The...
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Sound Plan Management Top 2018 Priority for DC Plan Sponsors
Ensuring sound plan management by creating a foundation structured around strong governance principles to help protect a plan’s fiduciaries against litigation claims will likely be a top DC plan...
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