Excerpt: “FN: At the NAPA Summit in New Orleans recently, you got into a debate with Teresa Ghilarducci about her idea to require all 401k plans to include index funds. Can you give us a recap of her position and why you disagree with it? [For background, readers may be interested in reviewing “Does the… Continue reading
NAPA Net the Magazine Names the Top 75 DC Industry Wholesalers
The National Association of Plan Advisors (NAPA) names the defined contribution industry’s top 75 wholesalers in the latest issue of NAPA Net the Magazine. These wholesalers may be under-recognized as vital components to the industrbut they remain an ever-growing essentiality to helping plan advisors grow their DC business. “Wholesalers have to be the consummate “Wingmen”… Continue reading
The Wall Street Journal: Do you know what’s wrong with your 401(k)?
Do you know what’s wrong with your 401(k)? Excerpt: “Experts also say that good advice is personalized and customized. And one way of telling whether the advice personalized is “if the adviser asks questions about (your) situation whether online, on phone, or in person,” said Fred Barstein, the founder and the CEO of the Retirement… Continue reading
NAPA Net the Magazine Names Top 10 Defined Contribution Innovators
The National Association of Plan Advisors (NAPA) names the defined contribution market’s top 10 innovators in the latest issue of NAPA Net the Magazine. These innovators have proven histories of substantial industry improvements and are in position to revolutionize the DC industry by initiating changes with a singular goal: to improve plan participants’ outcomes. “Innovation… Continue reading
The Wall Street Journal: Department of Labor Expands Audit and Enforcement Focus, Imposing $1.27 Billion in Fines
Department of Labor Expands Audit and Enforcement Focus, Imposing $1.27 Billion in Fines Excerpt: “According to the National Association of Plan Advisors, in the 12 months ending Oct. 1, 2012, more than 300 investigations resulting in $1.27 billion in fines were levied by the United States Department of Labor’s Employee Benefits Security Administration (EBSA). EBSA… Continue reading
On Wall Street, Op-ed: The Not So Uniform Fiduciary Standard
Labeling all advisors “fiduciaries” even though they operate under different sets of rules will not magically make the existing misunderstandings go away.
ASPPA Urges SEC to Improve Disclosures
ASPPA and NAPA believe the proposal by the U.S. Securities & Exchange Commission (SEC) to create a ‘uniform fiduciary standard’ for broker-dealers and investment advisers will actually cause more – not less – confusion for retail customers.
NAPA Releases Top Retirement Plan Industry Lists
The National Association of Plan Advisors (NAPA) released three unique lists of approximately 100 providers and broker dealers serving the defined contribution and 401(k) retirement plan industry.