Author Archives: admin

The theory of 401(k) peak litigation

I always loved the movie Donnie Brasco, it’s a great story about the non-glamorous side of organized crime. As part of a crew captained by Sonny Black, Lefty Ruggiero played by Al Pacino is hammering away to get the change … Continue reading

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Make sure clients check plan document vs. practice

I’ve spent 21 years as an ERISA attorney and took some classes when I was getting my LLM and I learn something new about retirement plans every day. As a financial advisor, you likely didn’t have the training to be … Continue reading

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They will always disappoint you

When I graduated from law school, it took a few months before I got my first job. So for the months, I wasn’t employed, I tried working with a temp agency to get temporary legal work. Let’s just say that … Continue reading

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Let your providers do their job

If your financial advisor tells you that it’s time for the regularly scheduled meeting, don’t blow them off. If your third party administrator (TPA) needs you to complete their census request, do it. When your ERISA 3(16) administrator is in … Continue reading

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We’d all love to create our own MEP, but….

Thanks to renewed interest in. multiple employer plans (MEPs), I will always get the phone call from someone interested in setting up a multiple employer plan. That person might be an advisor, third party administrator (TPA), or even a plan … Continue reading

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Advisors Advantage

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

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How To Be A Big Thing In The 401(k) Plan Business Or Play One On TV

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

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It’s a memory game

When having unique events to promote your business, I think you need to make it memorable because I’ve been to too many forgettable industry events. Creating lasting memories helps your business because people end up remembering you. That’s what I … Continue reading

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Further consolidation in the TPA business by TRA

The Retirement Advantage, Inc. (TRA), a national third-party administrator (TPA)announced the acquisition of two retirement plan consulting and administration firms: Benefit Strategies, Inc. of Roanoke, Virginia (BSI) and Scholz & Friends Enlightened Retirement Group, Inc. (S&F) of San Antonio, Texas. … Continue reading

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A self-directed brokerage account is still something to be wary of

I’m wary of self-directed brokerage account because I still concerned about the fiduciary issues, as well as the fact that I still don’t think participants do better with them in terms of financial growth. There was a recent survey done … Continue reading

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