Author Archives: admin

Organization For 401(k) Plan Sponsors To Limit Their Liability

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

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When you focus only on fees, you lose sight of everything else

For the past 7 years, fee disclosure has certainly helped you as a plan sponsor to finally understand the true cost of plan administration. That’s important because you have a fiduciary duty to only pay reasonable plan expense. The problem … Continue reading

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The Legend of The Flintstones Tie

I was a first-year law student participating in moot court, just because all second-year students participated even when I knew I had zero interest in ever being a litigator. In those days, my mother would buy me these cheap character … Continue reading

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There are no sure things, there are opportunities

Every time I’ve spoken to other plan providers about sure things they are working on, all I later see are missed opportunities. There are no sure things in this business, there are opportunities. Even when you have a signed contract … Continue reading

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The problem of a recordkeeping asset-based fee

A long time in a galaxy, far far away (the time before fee disclosure regulations), I talked to the top salesman of a certain third-party administration (TPA) firm that charged an asset-based fee. The TPA wasn’t a producing one, they … Continue reading

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Trader Joe’s sued over their 401(k)

Two former employees of Trader Joe’s have sued the company alleging breaches of fiduciary duty in the management of the company’s 401(k) plan. The $1.6 billion plan was targeted over Capital Research, the plan’s recordkeeper and the investment adviser to … Continue reading

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Advisors Advantage

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

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MEPs And PEPs For Plan Providers After The SECURE Act

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

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RMD change points to a new normal

The required minimum distribution rule for both qualified plans and individual retirement accounts is being pushed to 72 instead of the odd 70 ½. What does it mean? To me, it means that people are living longer and plan providers … Continue reading

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M&T Settlement shows the problem of using proprietary funds

Plan sponsors with their proprietary funds have a unique problem. Using proprietary funds will lead to litigation and not using them, makes them look bad in the eyes of competitors. A 401(k) plan sponsor not using their funds is like … Continue reading

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