Author Archives: admin

Top 10 Hidden Liability Pitfalls That Retirement Plan Sponsors Should Avoid

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

Posted in Retirement Plans | Leave a comment

Participants more attentive thanks to fee disclosure

When fee disclosure regulations came into being by the Department of Labor (DOL) in 2012, so many detractors of it said it would cause plan sponsors to terminate their plans and there would be a race to zero in fees. … Continue reading

Posted in Retirement Plans | Leave a comment

Check credentials

Whenever I hear about someone getting caught with lying about their resume or credentials, I am always astounded. I don’t know why people lie about college degrees they didn’t receive or credentials they didn’t achieve, but I guess the fact … Continue reading

Posted in Retirement Plans | Leave a comment

It Might Be You

Before starting my law firm, I had made many different employer changes over the years to the point that my position as the head of my law firm is the longest time I’ve been employed in one place and that’s only 5 … Continue reading

Posted in Retirement Plans | Leave a comment

Sometimes, you have to quit

When you’re young, you’re urged not to quit. Whether it’s little league or scouts, your parents would always tell you that it’s just not OK to quit on a whim. As a retirement plan provider, there are certain times where … Continue reading

Posted in Retirement Plans | Leave a comment

Senators propose COVID related catch-up

Several Republican senators have introduced legislation that would allow plan participants who are unable to make contributions to their tax-advantaged retirement accounts in 2020 to make catch-up contributions to these accounts in succeeding plan years. The Addressing Missed-savings Opportunities for … Continue reading

Posted in Retirement Plans | Leave a comment

I’ve seen how this story played out

As everyone is gearing for the January 1, 2021 implementation of pooled employer plans (PEPs), I keep on insisting that this won’t be the game-changer that everyone hopes. I think PEPs are a great idea, it finally eliminated the silly … Continue reading

Posted in Retirement Plans | Leave a comment

Check the provider’s credentials

After Hurricane Sandy decimated my house with five feet of water downstairs, I needed to replace our hot water heater and furnace. My plumber got us a new hot water heater, but couldn’t find a new furnace. A neighbor had a friend who was an HVAC … Continue reading

Posted in Retirement Plans | Leave a comment

Being aggressive could be a bad idea

Many years ago, I was contacted by a bank that had an issue. For 20 years, they didn’t include bonuses as part of their plan’s compensation, even though it was supposed to be included. I told them that the only … Continue reading

Posted in Retirement Plans | Leave a comment

The problem with flat fee billing

When I was a law firm associate, my most painful part was filling out my timesheet. Trying to fill it out before I’d get in trouble with the powers that be was the worst part of the month. There has … Continue reading

Posted in Retirement Plans | Leave a comment