Category Archives: Retirement Plans

Stating The Obvious On Fees

The 401k Averages Book is one of the great publications in the retirement plan business and I recommend it. I won’t recommend a report they just did because it was stating the obvious. According to their report:  “Are All $5,000,000 … Continue reading

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The Trump threat to 401(k) and the reality of it

When Donald Trump was elected President last November, there were quite a few people who promised gloom and doom as if it was the end of our republic. Despite the tweets and the drama, that really hasn’t panned out yet.Many … Continue reading

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What They Don’t Know As A 401(k) Sponsor May Hurt Them

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

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Get rid of the bad decision makers

I was a Vice President of a synagogue once and the biggest problem I had is that the people who had a greater say that I did were the same people who turned a synagogue from 750 member families to … Continue reading

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One From The Heart

The Dark Knight Rises is one of my favorite movies and one great scene at the end is when Catwoman tells Batman: “You don’t owe these people anymore. You’ve given them everything” and Batman says: “Not everything. Not yet.” Whether … Continue reading

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If it bleeds, it leads. If it’s thrown out, forget about it.

I serve as the attorney for a registered investment advisor out on Long Island and they forwarded me an email from a plan sponsor regarding a news article from last year of a potential class action lawsuit against a well-known … Continue reading

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Edison must pay in long running Tibble lawsuit

A federal court ruled that Edison International must pay more than $7.5 million to compensate plan participants for its decision to include high-fee retail share mutual funds in its 401(k) plan when identical institutional share classes were available at lower … Continue reading

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Focusing Just On Fees Can Make 401(k) Plan Sponsors Neglect Other Problems

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

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If they could do it to them, they’ll do it to you

There is a great scene from the movie In The Line of fare where Clint Eastwood’s character Frank Horrigan who is a Secret Service agent is on the phone with potential Presidential assassin Mitch Leary, played by John Malkovich. Leary … Continue reading

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DOL Kicks The Fiduciary Rule Further Down The Road

The Fiduciary Rule is like a bad soap opera where the action takes too long to happen and it’s just stretched out over time making small turns with some end game to happen later down the line. The Office of … Continue reading

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