Author Archives: admin

PEP might get pepped with possible retirement plan change

The Ways and Means Committee approved proposals for portions of the reconciliation bill, among them a plan to strengthen retirement savings, which might be a boost for pooled employer plans (PEPs). The proposal would require employers that don’t currently offer employer-sponsored … Continue reading

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Our finest hour

People will say that I often have a negative spin, regarding the retirement plan industry. I don’t. know if that’s necessarily true, I just think that my views are just unfiltered. I will say that based on this COVID pandemic … Continue reading

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The Rules Of 401(k) Plan Provider Engagement

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

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Sometimes, it’s the luck of the draw with a government agent

I have been an ERISA attorney for 23 years, I have seen a lot of strange things that plan sponsors have done to risk the ire of the Internal Revenue Service (IRS) and the Department of Labor (DOL). Many of … Continue reading

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Just some of these things to juice your plan while it’s being restated

Between now and July 2022, your 401(k) plan will be going through a mandatory restatement. The restatement will create a new plan document for you and since you’re being charged for it, you might want to add, some or all … Continue reading

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Make it easy for plan participants to understand

Less is more, I believe that. As an attorney in an occupation where most attorneys charge by the hour and believe more is more, I am an outlier. In communicating with your participants/employees, I think it’s important to offer communication … Continue reading

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Plan committees have to meet

I used to joke that at the law firm I was at, that if the Managing Attorney wanted to bury a particular subject, she’d create a committee for it. Unlike a law firm committee or some organization’s fundraising committees, you … Continue reading

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Townsend joins DOL

Kathleen Kennedy Townsend joined the Department of Labor (DOL) to help advance state and federal efforts to expand retirement savings programs. Townsend started a new role as Labor Secretary Marty Walsh’s Representative on Retirement and Pension Issues. A former Maryland … Continue reading

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DOL has always dropped the ball on disclosure

The Government Accountability Office (GAO) has found that 45% of plan participants are not able to use the information given in fee disclosures to determine the cost of their investment fee, and 41% of participants incorrectly believe that they pay … Continue reading

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The Rosenbaum Law Firm Review

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

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