Advertisement
Daily News
NAPA Net Daily
Powered by the National Association of Plan Advisors.
BY Ted Godbout 5/10/2024
The Securities and Exchange Commission (SEC) has obtained a final judgment against a company and three of its executives who allegedly conspired to defraud retirement account holders through the sale of gold and silver coins.
The United States District Court for the Central District of California...
READ MORE
BY Ted Godbout 5/10/2024
Global investment firm AllianceBernstein has announced the expansion of its retirement income offerings with a new flexible lifetime income option for defined contribution (DC) plans.
According to the firm’s announcement, the AB Secure Income Portfolio solution will enable DC plans to offer an...
READ MORE
BY John Sullivan 5/10/2024
The growing demand for collective investment trusts (CIT) in the target date fund (TDF) space caused Morningstar to recently predict that they would overtake mutual funds as the most popular target-date vehicle by the end of 2024.
Indeed, it almost happened in 2023, with CITs receiving 49% of the...
READ MORE
BY Nevin E. Adams, JD 5/10/2024
Well, here we are again at the end of yet another workweek … and yet, just look at what has happened to these guys and gals…
In Jiangsu Province, China, the Taizhou Zoo found itself without pandas to exhibit…so they “improvised”…
In Namibia, Africa, on the Chobe River…a “Terrifying moment hippo...
READ MORE
BY John Sullivan 5/9/2024
Throw another industry acronym (RIAAI?) on the already overflowing pile.
Notoriously tech-shy financial advisors won’t be able to avoid—or at least procrastinate about—artificial intelligence much longer with the release of RIA GPT. It claims to be the “first generative-AI platform...
READ MORE
BY Ted Godbout 5/9/2024
While not quite the bump received after last year’s record inflation, the health savings account (HSA) limits will still receive an increase for 2025, as determined under Section 223 of the Internal Revenue Code.
The new limits were announced May 9 by the IRS in Revenue Procedure 2024-25.
The IRS...
READ MORE
BY Nevin E. Adams, JD 5/9/2024
The settlements are lining up in a number of so-called excessive fee suits—including one at the 11th hour—all with plaintiffs represented by Capozzi Adler PC.
Mass General Brigham
Plaintiffs Mark Norton, Daska Louis, Caroline Mitchell, Nancy Barlett, and Azilda Cordahi and Defendants Mass General...
READ MORE
BY Judy Ward 5/9/2024
Since issuing its first cybersecurity guidance in 2021, the Department of Labor (DOL) has laid out what it expects plan sponsors to do. Plan sponsors should now do it.
It appears that cybersecurity will be part of all DOL retirement plan audits, and clear to the agency which plans fall short.
The...
READ MORE
BY John Iekel 5/8/2024
Ann Y. Orr has been named to serve as the Acting Director of the Pension Benefit Guaranty Corporation (PBGC).
Orr has been named to fill the office that had been held by Gordon Hartogensis. His five-year term as PBGC Director ended on April 30, 2024.
Orr is not new at the PBGC. She served as...
READ MORE
BY Ted Godbout 5/8/2024
There’s some good news on the retirement front, as Bank of America reported in its quarterly Participant Pulse that many of the key plan indicators it tracks were trending in a positive direction.
Among other things, the report reveals that the average 401(k) account balance as of the end of March...
READ MORE
Pages
Advertisement
Advertisement
Most Popular
Advertisement
Sign up for The Daily
Recent Comments