Author Archives: admin

There is this scene in the comedy, Top Secret! where Nick Rivers (played by Val Kilmer) is having a nightmare that he’s back in school and has no idea where the college final is. He wakes up and realizes he’s … Continue reading →

I’m all for states requiring employers to offer a retirement plan or join the state-endorsed IRA program. It increases retirement plan coverage and as a member of the 401(k) industry, it can increase the potential client pool. According to a … Continue reading →

There are plenty of cases out there, arguing that plan sponsors that use forfeitures to reduce employer contributions rather than paying administrative expenses are creating a fiduciary breach and a prohibited transaction. While most of my clients won’t be subject … Continue reading →

The Internal Revenue Service issued interim guidance on employer matching contributions made to retirement plans related to qualified student loan payments (QSLPs) made by employees. The guidance, Notice 2024-83 addresses issues that may arise for 401(k), 403(b), governmental 457(b), or … Continue reading →

Third Party Administrator Prime Pensions Inc. has purchased third-party administrator Valley Forge Pension Management. Florham Park, New Jersey-based Prime Pensions will bring on the additional plans. The deal brings Prime Pensions, founded in 2012, to more than 11,000 plan clients … Continue reading →

Lincoln Financial Group announced the addition to its in-plan guaranteed income investment offerings for defined contribution retirement plans. Lincoln PathBuilder, powered by YourPath, will be offered to participants through a managed account or as a stand-alone investment option in a … Continue reading →

When I write about the need for plan sponsors to understand their responsibilities as plan fiduciaries and their potential liability if they ignore their duties, I hear the same complaints about my ideas. The complaint which was even leveled by … Continue reading →

While I know my discussions about payroll provider third-party administration firms (TPAs) have hit nerves (especially those that work for those firms). We can all debate whether there is a link between running payroll and running 401(k) plans or whether … Continue reading →

As many of you know, I offer a Retirement Plan Tune-Up, a legal review for $750 that reviews the documentation, administration, costs, and the fiduciary process of a retirement plan. Regardless of whether you would use my review or hire … Continue reading →

As an ERISA attorney, I always have an open phone policy with plan sponsors, financial advisors, accountants, TPAs, and other attorneys from around the country on questions they may have about their plan or a client’s retirement plan. I never … Continue reading →