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NAPA Net Daily

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Describing Tuesday’s national and state elections as a “status quo election,” NAPA’s Executive Director and Washington insider Brian Graff notes that, despite spending about $5 billion on this year’s elections, things remain largely unchanged — with President Obama still in the White House and... READ MORE
Michael Davis will be leaving his position as Deputy Assistant Secretary of the Employee Benefits Security Administration (EBSA) at the Department of Labor for a position in the private sector, he told NAPA Nov. 7. There is no word yet about his replacement. Davis assisted DOL Assistant Secretary... READ MORE
Employer-provided retirement plans like 401(k)s are how moderate income American workers save for retirement. A look at participation rates among these workers (defined as those earning between $30,000 and $50,000 a year) shows that among workers who have access to a retirement plan at work, 71.5%... READ MORE
Republicans and Democrats vary widely on their views about retirement plans, Social Security and Medicare. Citing various survey sources, U.S. News and World Report reviews the issues, including views on:• Responsibility for funding retirement plans• Employers’ role in 401(k) plans• Retirement... READ MORE
Predicting continued slow growth of the U.S. economy and continued lower interest rates from the Fed, PIMCO’s Bill Gross predicts bite-sized future returns and the growing risk of misguided monetary policies leading to disruptive financial markets in the future. Citing lower capital spending and... READ MORE
By John Carl The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with an advisor in California is representative... READ MORE
According to 3rd quarter results released by Financial Finesse, employee financial wellness continued to improve, with more people focused on important short term money management issues such as reducing debt, living within their means and setting up emergency funds — which came at the expense of... READ MORE
A white paper by PIMCO’s stable value portfolio management team and the head of their DC practice describes in detail some of the steps that advisors should go through when making decisions about which fund(s) they should select for the capital preservation space in a DC menu. The main issue to... READ MORE
In August, attorney Fred Reish wrote an insightful article for fi360 AIF designees on Open MEPs that is a must-read for anyone involved with multiple employer plans.Some background: On May 25, 2012, the Department of Labor released an advisory opinion (AO 2012-04A) that overturned several of the... READ MORE
ERISA imposes strict liability on plan sponsors to conduct proper due diligence, yet many are ill prepared to discharge that responsibility. Tim Minard, an SVP at Principal Financial Group, outlines five very practical and basic steps on how to form and run an Investment Committee and detail the... READ MORE

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