News Archive

In a Friday afternoon news release, the Internal Revenue Service (IRS) clarified rules for distributions from retirement plans and IRAs for individuals impacted by major disasters. The Frequently Asked Questions (FAQ) in Fact Sheet 2024-19 relate to the SECURE 2.0 Act of 2022 (SECURE 2.0)... READ MORE

As expected, and with the ink barely dry on the new Retirement Security regulation, the first lawsuit challenging the rule has been filed. It seeks to vacate the 2024 Fiduciary Rule and amendment to PTE-84-24 under the Administrative Procedures Act (“APA”) on the grounds that they are “contrary to... READ MORE

On April 7, 2024, Nevin (Adams) & Fred (Reish) took their popular podcasting platform on the road to Nashville, Tennessee for a live version at the NAPA 401(k) Summit—in the middle of a solar eclipse!     During an expanded session, the prolific podcasting pair pointed to some takeaways... READ MORE

If you’re a professional within the ERISA 403(b) marketplace, you won’t want to miss the 2024 NAPA/NTSA ERISA 403(b) Advisor Conference, September 19-20 in Chicago, IL. It’s the only industry event designed for professionals just like you. Gain insight from thought leaders, build a network of... READ MORE

Another suit regarding a series of pension risk transfers has been filed, alleging a fiduciary breach in not obtaining the “safest annuity available.” The latest—filed on behalf of plaintiffs Martha Brennan Camire, Craig Jefferson, David Lyn Shepherd, and Daniel Schipper (individually and as... READ MORE

A new report provides some interesting insights on 401(k) participants and their behaviors—and reminds of the challenges in tracking trendlines. The report—aptly titled “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2022”—provides a snapshot on the how, and how much 401(k)s... READ MORE

Target date funds (TDF) start off strong only to vary more in investment performance and risk as they approach the specified retirement date, according to the Government Accountability Office (GAO), which asked the Department of Labor (DOL) to do something about it. The GAO called on the DOL to... READ MORE

One week after the release of the final retirement security rule, senior officials with the Department of Labor’s Employee Benefits Security Administration (EBSA) defended the rollout of the fiduciary while taking a deeper dive to explain some of the key changes.   The DOL on April 23 released the... READ MORE

Let’s be honest: the label “managed account” has been broadly applied—some might say TOO broadly applied—in some cases to platforms that really are little more than expensive target-date funds.  Little wonder that a plurality of the advisor respondents to NAPA’s 2023 Summit Insider (for the second... READ MORE

It’s proverbial that with age comes wisdom. Recent research doesn’t vouch for that, but does suggest that at the very least, confidence in a financially secure retirement is more likely among generations that have been around longer. Confidence Goes Boom “Over the past several years, there has... READ MORE

Following a decade of litigation, defined contribution (DC) plan sponsors continue to rank governance and process—a broad category that includes much of the “basic blocking and tackling” that plan sponsors do on an ongoing basis—as one of the top areas of focus, a newly released survey reveals... READ MORE

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 Newberry County, South Carolina, the Newberry County Sheriff’s Office has apparently been getting a lot of noise complaints… so much that some people have even flagged... READ MORE