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BY NAPA Net Staff 10/15/2012
By Thomas D. CloughAccording to a recent study by Alliance Bernstein, only 63% of all plan sponsors consider themselves to be plan fiduciaries. The cases summarized below highlight the DOL’s commitment to a rigorous enforcement of the law and underscore the need for competent guidance on ERISA...
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BY Sheri Fitts 10/12/2012
Measuring social media results can be an art. But many smart business people know that measuring is what matters. Like marketing, it can be difficult to pinpoint the exact moment a prospect decided to become a client, and ensure that you’re able to recreate that moment again and again. There are a...
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BY NAPA Net Staff 10/12/2012
The Profit Sharing Council of America (PSCA) has released its 55th Annual Survey of Profit Sharing and 401(k) Plans. The results of the 2012 survey — which reports on the 2011 plan-year experience of 840 plans representing 10.3 million participants and $753 billion in assets — demonstrate continued...
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BY NAPA Net Staff 10/12/2012
By Danny StreiffFor decades, the only “unsolvable” problem in our industry has been everyone’s most important problem: getting people to save much more so they’ll have enough for a comfortable retirement. It’s ironic that we can solve almost every plan-related issue except higher participation and...
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BY NAPA Net Staff 10/12/2012
It might have seemed like a good idea to offer 401(k) participants a smorgasbord when it comes to designing the right plan to help them retire successfully. But behavioral finance shows us that participants are plagued by inertia and irrationality. Bank of America Merrill Lynch provides a...
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BY NAPA Net Staff 10/11/2012
The usual debate about fees charged by mutual funds is about whether to use passive or active funds. The argument for passive funds is that very few active funds beat their benchmark, so why pay more? This may lead to the conclusion that lower-cost funds perform better. Christopher Carosa of...
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BY Nevin E. Adams, JD 10/11/2012
If you think it’s complicated trying to determine an individual’s retirement funding needs, imagine trying to do so for all American workers.When EBRI modeled the retirement savings gap of Baby Boomers and Gen Xers earlier this year, we found that between 43 and 44 percent of the households were...
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BY NAPA Net Staff 10/11/2012
The National 401(k) Record Keepers list includes vendors that provide record keeping services at the national level. This means that they have significant presence in all regions, whether measured by plans under management or by sales personnel. There are about 600 so-called “Record Keeping TPAs”...
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BY NAPA Net Staff 10/11/2012
Providers, and particularly DCIO’s, spend a lot of money on value-add services to help them distinguish themselves and their services above and beyond record keeping administration and money management — much of which has been commoditized. The array of products, services and tools is virtually...
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BY NAPA Net Staff 10/10/2012
In a scathing report on service provider 408(b)(2) disclosures published Tuesday, the Wall Street Journal detailed the problems that plan sponsors have in two key areas: first, understanding the fees disclosed by providers under the new regulations; and second, trying to determine whether they are...
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