Nevin E. Adams

At the recent Plan Sponsor Council of America National Conference, Erin Lowry, author of the Broke Millennial book series, offered insights on better communication with younger workers. At the outset, Lowry took pains to distinguish the tensions that currently exist between Millennials and the... READ MORE

The fiduciary defendants in a 403(b) university excessive fee suit say the plaintiffs have not only failed to make their case—but that they’ve taken actions in their own account(s) that undermine their arguments. The suit (Latasha Davis et al. v. Washington University in St. Louis et al.) was... READ MORE

When the Labor Department issued last month what it called “new guidance” that it further described as “the first time the department’s Employee Benefits Security Administration has issued cybersecurity guidance”—well, I, for one, was expecting… guidance.  However, rather than an advisory opinion... READ MORE

An important decision, made in minutes. No, that’s not retirement plan savings—though various consumer surveys have suggested that many spend more time mapping out their annual vacations than how they’ll fund their retirement needs.  Rather, that’s how a new whitepaper by Voya’s Thought... READ MORE

After nearly six years of litigation, the settlement terms of an ERISA litigation case that has been all the way to the U.S. Supreme Court (and “back”) have come to light. Specifically, plaintiffs Larry W. Jander and Richard Waksman and Defendants Retirement Plans Committee of IBM, Richard Carroll... READ MORE

Teresa Ghilarducci has both a “new” proposal and a new collaborator and—I hope you’re sitting down—I actually agree with her.  Well, partly anyway.[1] Her new proposal is—as a recent op-ed in the Washington Post puts it—“Everyone should have the retirement plan federal employees enjoy.”... READ MORE

A year ago today [March 16] was the last time I was in our office with it full of colleagues. Like many of you, we came in, packed up, and headed home—prepared to work from there for a couple of weeks, perhaps a month.  Of course, that didn’t turn out to be the case. And yet—as an industry,... READ MORE

Citing the “change in administration,” the Department of Labor (DOL) has backed off its previous support for a lawsuit challenging the CalSavers Retirement Savings Program. As recently as last summer, the DOL had affirmed concerns it had with the Golden State’s state-run IRA program for private... READ MORE

Recent DOL guidance on missing participants seems to fall short of what plan fiduciaries want/need—but may offer fiduciaries some key insights to avoid future problems. On Jan. 12, 2021, the Department of Labor (DOL) released a triple dose of guidance related to helping retirement plan fiduciaries... READ MORE