Skip to main content

You are here

Nevin Adams

In recent days, there have been a number of reports about the potential for tax reform proposals to incorporate "Rothification" of 401(k)s -- a loss of, or reduction in, the amount of employee contributions allowed on a pre-tax basis -- perhaps capped at $2,400. How many savers would that impact?... READ MORE
In light of recent press reports regarding proposals involving tax reform and retirement savings incentives, the American Retirement Association has issued a set of retirement policy principles for tax reform. "We support the tax reform goal of economic growth. However, the retirement security of... READ MORE
The Department of Labor (DOL) continues to fight an attempt by at least one fiduciary rule opponent to pursue its case in court. In an Oct. 13 filing, the DOL repeated its request that the court grant its July motion to stay proceedings “because it would conserve judicial resources to await... READ MORE
There’s an old saying that when you assume… well, here are six assumptions that can create real headaches for retirement plan fiduciaries.Assuming that not being required to have an investment policy statement means you don’t need to have an investment policy.While plan advisers and consultants... READ MORE
If you’ve never been part of ASPPA’s “March on the Hill” — or if you’ve done it a dozen times — there’s never been a time when your participation is more needed or more valued. We make it easy — but don’t take our word for it. Some of the nation’s leading retirement voices weigh in on what ASPPA’s... READ MORE
Nearly 800 votes have already been cast. Don’t miss your chance to help shape ASPPA’s advocacy agenda — and a general session focus at ASPPA Annual! Which of these would you think would most help America’s retirement system?   Combining 401(k)s with HSAs to create a tax-preferred universal... READ MORE
If you’re still struggling to figure out how to reach Millennials (even if you are a Millennial), take heart — there’s (already) another generational cohort entering the workforce. This new cohort is called Generation Z (at one point, Millennials were referred to as Gen Y, so…) — they are,... READ MORE
Hundreds of votes are already in. Help us shape our advocacy agenda — and a general session focus at ASPPA Annual! Policy makers are telling us that wholesale retirement reform could be on their agenda soon, and are asking for our ideas on solving coverage and benefit security challenges. We’ve... READ MORE
The prospects — and potential threats — posed by tax reform are much on all our minds as ASPPA Annual nears. Policy makers are telling us that wholesale retirement reform could be on their agenda soon, and are asking for our ideas on solving coverage and benefit security challenges. We’d like to... READ MORE
If you’re one of those people who inevitably put things off to the last minute — or maybe you just have a fear of “commitment” — yes, this post is for you. Consider this your call to action. For weeks (months?) now, you’ve seen the promotions about ASPPA Annual, there have been posts from both... READ MORE
In the course of my day, I talk to (and email with) people, read a lot, and every so often jot down a random thought or insight that gives me pause and makes me think. See what you think.1. Disclosure isn’t the same thing as clarity. Sometimes it’s the opposite.2. It’s not what you’re doing wrong;... READ MORE
In about a month, the IRS will announce the new contribution and benefit limits for 2018 — and that could be good news even for those who don’t bump against those thresholds. These are limits that are adjusted for inflation, after all — designed to help retirement savings (and benefits) keep pace... READ MORE
In addition to the books, reference guides, and a few personal “knick knacks,” I have for years had in my office a couple of model cars — but not for the reason people generally think. These models happen to be Studebakers (a 1950 Champion, a 1953 Starliner and a 1963 Avanti). I’d wager that a... READ MORE
Sen. Elizabeth Warren (D-MA) says that, “Contrary to the alarmist claims of their lobbyists and the conclusions of opaque industry-funded studies,” financial firms are “fully ready” to comply with the fiduciary rule — and you don’t need to take her word for it.Warren, an early and enthusiastic... READ MORE
Watching the incredible, heart-rending coverage of Hurricane Harvey’s devastation, I was reminded of a personal experience with nature’s fury.It was 2011, and we had just deposited our youngest off for his first semester of college, stopped off long enough in Washington, DC to visit our daughters (... READ MORE
The Labor Department says it won’t enforce a provision of the fiduciary rule’s arbitration ban.The stance, published Aug. 30 in Field Assistance Bulletin 2017-03, was first revealed in a brief filed in the U.S. Court of Appeals for the 5th Circuit in Chamber of Commerce v. Acosta, where the Labor... READ MORE
The Labor Department has made its proposed delay in the full application of the Best Interest Contract Exemption till July 1, 2019 official.Less than 48 hours after the Office of Management and Budget (OMB) completed its review of the Labor Department’s proposal to extend the transition period and... READ MORE
The Office of Management and Budget (OMB) has made a quick response to the Labor Department’s request for a delay in the full BIC applicability date.In an update posted on the OMB site on August 28, the concluded action is noted as “Consistent With Change.” The OMB review, which frequently takes as... READ MORE
A new excessive fee suit claims that plan fiduciaries “abdicated” their responsibilities, allowing the plans’ trustee “…to load the Plans with high-cost mutual funds.”The most recent excessive fee suit involves both the 401(k) and 403(b) plans of Allina Health System, which have nearly $2.3 billion... READ MORE
In a written response to a judge in litigation involving the fiduciary rule’s anti-arbitration provision, the Labor Department says the provision will “likely be mooted in the near future.”The letter (Thrivent Fin. for Lutherans v. Acosta, D. Minn., No. 0:16-cv-03289-SRN-DTS, letter to judge filed... READ MORE

Pages