Author Archives: admin

Using Your Payroll Provider As Your 401(k) TPA Is A Big Mistake

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

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Credentials and awards could just be a paid smokescreen

A Long Island business newspaper once named my old law firm’s administrator as its Chief Financial Office of the year and the first thing I asked at the time was: “How big was the ad?” That’s because my old law … Continue reading

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Don’t Chisel Other Plan Providers

I sell some stuff on EBay. Basically I’m selling collectibles I no longer want for collectibles I do want (vintage graded sports cards). I set a starting bid and a buy it now price and occasionally I’ll get the EBay … Continue reading

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The profound change in the end was good

If you go and read through the marketplace news on 401khelpcenter.com, you see something recurring that was unfathomable 10-15 years ago,. You have an insurance company offering an open architecture platform. You have another insurance company plan provider offering true … Continue reading

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Legal Costs Don’t Have To Be Staggering

The cost of correcting plan errors can be expensive. It can be expensive through corrective contributions and it certainly can be expensive through legal costs. I met an advisor who was discussing a very large problem that a plan sponsors … Continue reading

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Simple Advice to Retirement Plan Sponsors

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

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Make sure everyone is on board with the change

Sometimes no matter how hard you work on a plan and do such a great job, oe person working for your client can cost you them as a client. When I worked for a third party administrator (TPA), we were … Continue reading

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What Phyllis Borzi got wrong

It’s been about 4 months since Phyllis Borzi left her position as the head of the Employee Benefit Security Administration (EBSA) and as time passes by, we can certainly opine on her accomplishments in that position. Of course, since I’m … Continue reading

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Small 401(k) Plans Have Bigger Problems Than Larger Plans

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

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The problem with fiefdoms

The Brady Bunch was probably everyone’s vision of what a perfect family was. There two sets of a parent with three children of their own and together they blended the families and everything ended up happily after a 22-minute episode. … Continue reading

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