Author Archives: admin

The term fee

Signing up with a third-party administrator (TPA) is like getting married, you come in with the best of intentions and you never think that things won’t work out. In 24 years of being an ERISA attorney, I have never met … Continue reading

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The thing about Lisa Gomez

When I left a semi-prestigious law firm about 12 years ago, I swore that I was going to start my own law firm. I was 38 and knew my time as an associate attorney making a good salary would be … Continue reading

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IRS launches pre-Audit pilot program

Our tax system is based on voluntary compliance and retirement plan audits conducted by the Internal Revenue Service are one tool to ensure that. The IRS has just announced a pilot program where they will send letters to plan sponsors … Continue reading

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One Digital buys another practice

OneDigital Investment Advisors has announced another purchase. OneDigital has acquired TimeScale Financial, a Danvers, MA-based registered investment adviser.  TimeScale currently supports 95 institutional and 950 individual clients, and currently manages approximately $3 billion in assets across wealth management and retirement plan … Continue reading

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HUB buys an Indiana firm

HUB International Limited (Hub) said that it has acquired the assets of CSi Advisory Services, LLC. Headquartered in Indianapolis, IN, CSi Advisory Services, with $1.1 billion assets under management, is a retirement plan consulting firm focusing on participant outcomes, investment outcomes, and … Continue reading

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Gomez nomination fails, for now

The Senate rejected President Joe Biden’s nominee for an assistant secretary post for the Department of Labor’s Employee Benefits Security Administration, with Vice President Kamala Harris unable to cast a tie-breaking vote. The Senate voted 51-49 to defeat Lisa Gomez’s … Continue reading

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The Mid-2022 401(k) Plan Sponsor Update

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

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ForUsAll sues DOL over crypto guidance

With Bitcoin more than 50% off its highs (boy, you should see my Coinbase account), it’s surprising all the takes on offering crypto investments in 401(k) plans. ForUsAll, a 401(k) retirement provider, filed suit against the Department of Labor (DOL) … Continue reading

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Inflation will increase retirement plan limits

It’s not October yet when the Internal Revenue Service will announce its retirement plan limits for 2023, however, expects some major increases. With high inflation, I can certainly see the 401(k) salary deferral limit increasing from $20,500 to $23,000. The … Continue reading

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Advisors getting respect

Rodney Dangerfield was one of my favorite comedians and his shtick was that he got no respect. Apparently, advisors working on 401(k) plans are getting respect these days from plan sponsors, based on a new survey from Morgan Stanley. 87% … Continue reading

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