The American Society of Pension Professionals & Actuaries (ASPPA) announced Thursday the launch of a new association to serve advisors in the 401(k) market.
The National Association of Plan Advisors is a professional society dedicated to serving advisors on employer-sponsored retirement plans.
NAPA’s role will largely be that of advocate, but business intelligence and networking will also be part of the new association’s duties.
“First and foremost, NAPA is about advocacy,” Brian Graff, executive director and CEO of ASPPA, said in a statement. “Unfortunately, Washington policymakers underestimate the role plan advisors play in the retirement industry.”