It’s been a hot summer here – and there’s been so much going on lately that our brief recap wound up being a podcast episode unto itself. 

According to Cerulli’s “U.S. Managed Accounts 2022: The Future of

There’s little argument that retirement income solutions are a need –

On April 3, the Nevin & Fred podcast went on the road to San Diego

On April 3, the Nevin & Fred podcast went on the road to San Diego

Along with their alliterative illustrations, Nevin (not Neville — Adams) & Fred (Reish) covered:

Episode Resources: 

The What's and When's of SECURE 2.0:  https://www.napa-net.org/news-info/daily-news/what%E2%80%99s-and-when%E2%80%99s-secure-20

SECURE 2.0  https://www.napa-net.org/secure-20

The Most Impactful Provisions:  https://fredreish.com/category/secure-2-0/

There are few things more disruptive to the peace or clarity of a 401(k) plan than a switch in recordkeepers. 

Over the past several months –following the United States Supreme Court’s decision in Hughes v. Northwestern University – a number of cases, notably the Oshkosh case—and those of CommonSpirit and TriHealth—have brought with them what appears to be a higher standard of “plausibility” in asserting claims that can get past the standard motion to dismiss.

In this episode Nevin & Fred take a look at the new litigation landscape for ERISA plans, as well as providing updates on a series of suits involving the BlackRock LifePath target-date funds, as well as a surprising decision regarding rollovers and the fiduciary rule – and a flurry of legislation regarding the Labor Department’s Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” – a.k.a. the so-called ”ESG rule.”

Oshkosh Lays Down a New Standard

BlackRock TDFs

Rollover Rule(s)

ESG

The SECURE 2.0 Act of 2022 was signed into law in the waning days of 2022.  But there are some things that need fixing – and some things you may have overlooked.  Nevin (Adams) and Fred (Reish) highlight five key areas calling for attention.

The short list of things covered in this episode:

Episode Resources

The What’s and When’s of SECURE 2.0  https://www.napa-net.org/news-info/daily-news/what%E2%80%99s-and-when%E2%80%99s-secure-20

Key SECURE 2.0 Act Provisions and Effective Dates  https://www.napa-net.org/news-info/key-secure-20-act-provisions-and-effective-dates

Major SECURE 2.0 Error Puts Catch-Ups in Jeopardy  https://www.napa-net.org/news-info/daily-news/major-secure-20-error-puts-catch-ups-jeopardy-ara%E2%80%99s-graff

In the waning days of 2022, President Biden signed into law legislation that had moved through the House and the Senate on a strong bipartisan basis that greatly expands retirement savings opportunities for working Americans.

In this episode Nevin (Adams) & Fred (Reish) unpack some of the major provisions, and their implications for retirement.

Episode Resources

SECURE 2.0 Resource Page

The 10 Highest Impact Provisions of the SECURE 2.0 Act

It’s Official: SECURE 2.0 Enacted into Law

The U.S. Department of Labor has unveiled its much-anticipated final ESG rule that it says will allow “plan fiduciaries to consider climate change and other environmental, social and governance factors when they select retirement investments and exercise shareholder rights, such as proxy voting.”  The operative word for plan fiduciaries is MAY, not must consider ESG factors—a concern that had arisen in the wake of the proposed regulation previously issued.

Episode Resources

Fiduciaries May, But Not Must Consider ESG: DOL: https://www.napa-net.org/news-info/daily-news/breaking-news-fiduciaries-may-not-must-consider-esg-dol

Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights

It’s Official: Final ESG Reg Published in the Federal Register: https://www.napa-net.org/news-info/daily-news/it%E2%80%99s-official-final-esg-reg-published-federal-register