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BY Fred Barstein 10/16/2012
What caused almost 100 DCiO executives to travel to Tampa in the middle of the summer on short notice to sit in a windowless room for half a day listening to what a relatively small and little known record keeper was up to? ASPire, formerly 401kASP, seems to have captured the attention of not only...
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BY NAPA Net Staff 10/16/2012
By David J. Witz(Editor's Note: This article is reprinted with permission from the Fall 2012 issue of Plan Consultant magazine, published by the American Society of Pension Professionals and Actuaries.)As 408(b)(2) plan level disclosures and the 404(a)(5) participant disclosures become effective,...
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BY NAPA Net Staff 10/16/2012
Most DC plans do not even have an Investment Policy Statement (IPS), which is debatedly required. So do we need another document that could potentially create liability? The answer is laid out brilliantly in a Transamerica Retirement Solutions white paper: a resounding “Yes.” In a compelling case...
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BY NAPA Net Staff 10/15/2012
It appears that benchmarking plan advisors will become as common as benchmarking funds and record keepers. As noted in a recent NAPA Net post, the industry has actually come up with an advisor RFP template similar to the SPARK RFP for record keeping services. The problem with benchmarking record...
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BY NAPA Net Staff 10/15/2012
There are three practical lessons from the March 2012 decision in the case, Tussey v. ABB, as outlined by NAPA Net ERISA Conductor Bob Rafter:1. make Investment Policy Statements as broad as possible so that there can be little room to second-guess the plan sponsor’s actions;2. while selecting a...
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BY NAPA Net Staff 10/15/2012
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (click here);• 2003-2005 (click here); and• 2006-September 2012 (see below).To download a pdf file of the comprehensive 1999-2012 list, click...
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BY NAPA Net Staff 10/15/2012
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (click here);• 2003-2005 (see below); and• 2006-September 2012 (click here).To download a pdf file of the comprehensive 1999-2012 list, click ...
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BY NAPA Net Staff 10/15/2012
The DC Record Keeper Consolidation List details significant deals in the defined contribution market since 1999. It is provided in three parts:• 1999-2002 (see below);• 2003-2005 (click here); and• 2006-September 2012 (click here).To download a pdf file of the comprehensive 1999-2012 list, click ...
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BY NAPA Net Staff 10/15/2012
In another sign of the importance of DC plans, the Fed reported in its triennial Survey of Consumer Finances that DC plan balances accounted for 61.4 percent of families’ total financial assets in 2010, up from 58.1 percent in 2007, as median net worth declined 38.8% and income declined by 7.7%....
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BY NAPA Net Staff 10/15/2012
With the impact of the DOL’s disclosure regulations now trickling down to participants and the attendant focus on fees in 401(k) plans, the debate over who should pay and what they should pay is just beginning, as outlined in a Wall Street Journal article. Plan sponsors are beginning to understand...
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