READER RADAR: What is(are) the main topic(s) of the NAPA 401(k) 2023 Summit?

When we say the NAPA 401(k) Summit is built by advisors, for advisors, we really mean it – and after closing our Fourth week of voting on potential workshop topics – let’s see where things stand.

I know, April (2-4) seems a long way off. And yes, we don’t “normally” start voting on things that early. But since we already have the venue (San Diego) and the dates (April 2-4), and have (already) started working on an exciting speaker list and, yes, making plans for the summit.” After Dark”…

So how is the voting going?

After a week, here’s how things are going with topics focused on practice management:

  1. How to develop/determine reasonable fees for your services
  2. How to Effectively Write and Maintain Minutes of Investment Committee Meetings
  3. Are your meeting minutes an asset or a liability?
  4. How to communicate with customers and attendees by meeting where they are!
  5. Design a retirement plan as part of a total compensation and benefits strategy
  6. Earning Your “Keep”: Value-Added Services to Avoid Advisor Fee Shock
  7. How do advisors handle fiduciary duties and details management for their 401(k) clients?
  8. Participant data: how do you get it, how can you/do you use it?
  9. Reframe your value around customer goals
  10. Consultation beyond a plan (k)

Don’t forget—you can (always) vote on practice management topics—and they’re live at

In just one week there has been a plot move in the ranking of business development topics. Sure, #1 is still #1, but four of the (new) top 10s are new this week. Here is the new list:

  1. How to Be a Great Fiduciary (Without Really Trying) (Always Number One)
  2. How blockchain technology can disrupt record keeping in the future (brand new to the top 10!)
  3. Analyzing your path to a better business model (another brand new entry!)
  4. Compensation trends, compliance and different sources of revenue from managed accounts, rollovers, etc.
  5. Lessons learned from litigation (instead of #7)
  6. Advisor technology – what is needed most for efficiency and margin expansion (instead of #5)
  7. Retirement income: how to navigate investment choices and have conversations with plan sponsors (down from #4)
  8. Super Social Security Claim Strategies (instead of #6)
  9. Email engagement (down from #3)
  10. Build a better back office (new in the top 10!)

Voting remains open to

The Team Building topics have had another week to “mature” – but there has been a lot of activity here as well. The main topic has remained stable, but half of the top 10 weren’t a week ago! The list now stands:

  1. Optimal incentive and compensation structures linked to both sales and service success (revenue growth and protection – everyone has a role!) (staying at the top!)
  2. Team Building, Team Binding (instead of #7!)
  3. How to build and maintain a quality multi-faceted team (brand new to the top 10)
  4. Generations Apart—Together at Work (now at #4)
  5. Establish peer-to-peer education/coaching network (instead of #2)
  6. Wait a Minute – Setting Expectations for New Team Members (all new to the top 10)
  7. Diversify your practice and practices. (down from #3)
  8. “Virtual” realities: finding a balance between telecommuting and working (all new in the top 10)
  9. How to create an environment where everyone has a voice. (down from #5)
  10. My team looks like me and it’s wrong (all new in the top 10!)

The vote remains open… at

As for the product/service focused workshops – by the way, this was the top voted topic – and again there was a bit (more) of shuffling – and some new additions. The updated ranking is:

  1. Industry Trends: Preparing for what’s next (back to #1 after a week at #2)
  2. ERISA 103(a)(c)(3)—how does this change audits? ? (all new in the top 10)
  3. Recent Changes in Employee Benefit Plan Audits (New to Top 10)
  4. Custom Target Date Options vs. Managed Accounts (Holding Stable at #4)
  5. Retirement Income Solutions That Actually Work (Keeping at #5)
  6. Will technology make target date funds obsolete? (instead of #8)
  7. Why everyone wants – and no one takes – retirement income options in the plan (down from #6)
  8. Customization in QDIA: Custom TDFs vs. Managed Accounts (down from #1 last week)
  9. Best Presentation Ideas/Suggestions/Techniques/Do’s and Don’ts (Down from #7 and #3 the previous week)
  10. Target date funds: are there better solutions for QDIAs? (all new in the top 10)

Again — voting remains open — and, as you can see, votes can move the rankings. Voting remains open to

So come spend some time helping us set the direction for the 2023 NAPA 401(k) Summit! And sign up to receive updates on

And thank you to everyone who has already done so!

Jessica C. Bell