Author Archives: admin

Investment education is all about a process

Advisors ask me all the time of the role of education in participant-directed 401(k) plans. Participant directed 401(k) plans that are governed under ERISA §404(c) offer the plan sponsors liability protection based on a participant’s gains or losses on their … Continue reading

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The multiple loan problem

As a 401(k) plan sponsor, you need to know that plan errors happen all the time. A 401(k) plan has so many moving parts, so that means something might break. The problem here is that while things can happen without … Continue reading

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Get those contracts reviewed

One of the biggest problems for my clients after they hire me is that they realize that they never bothered to review the plan provider contracts that they signed long ago. There might be surrender charges or termination fees that … Continue reading

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Make Sure The Census Information is Correct

I use the expression “garbage in, garbage out” if an end of year census report is done incorrectly and the third party administrator (TPA) doesn’t pick up the error. When given that census request at the beginning of the new … Continue reading

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Invesco to settles lawsuit concerning their 401(k) plan

As I always say, being a mutual fund company with proprietary funds in their 401(k) plan makes them a target. Despite winning a motion for summary judgment, Invesco just filed a notice of settlement concerning their 401(k) plan as plaintiffs … Continue reading

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EBSA recovers billions for participants

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) released its program results for 2019. EBSA’s enforcement and benefit advisor programs recovered over $2.5 billion in payments to plans, participants and beneficiaries. That’s a lot of shekels. EBSA reported … Continue reading

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Advisors Advantage

My latest newsletter for retirement plan professionals can be found here.

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….One More Thing For Plan Providers

My latest article for JDSupra.com can be found here.

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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I will never understand a TPA asset based fee

I’m stubborn and there are just some things I don’t understand, so hear me out. I got a call not too long ago from a financial advisor about my practice and how I price my work on a flat fee … Continue reading

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