Category Archives: Retirement Plans

The Value and Peril of Flat Fee Billing

I know a thing or two about the virtues of flat fee billing, have done my legal work on the scale while working for a couple of third party administration (TPA) firms. Plan documents, plan amendments, and plan terminations were … Continue reading

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Advisors can’t care about fiduciary duty and recommend bad TPAs

When the cheaters were caught cheating at a game of blackjack, Sam “Ace” Rothstein wanted to make an example of them at the Tangiers Hotel in Casino. He had the security guards use a hammer on one cheater’s hand and … Continue reading

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Plan Sponsors Need To Vet Any Potential TPA

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

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There is no such thing as an Assembly Line Retirement Plan

Henry T. Ford is considered the father or the pioneer of the modern day assembly line of manufacturing.  His development of the Model T and its way of manufacturing is considered one of the great developments in 20th-century capitalism. His … Continue reading

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Using A Payroll Provider As Your 401(k) TPA Is An Awful Idea

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

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I avoid it when it doesn’t look right, you should too

I live in an unincorporated village on the south shore of Nassau County and the elected Board of Education has this problem that doesn’t want to talk about and it’s called nepotism. Three out of the seven members have a … Continue reading

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Sometimes, change is anyone’s guess

An advisor asked me a very interesting question that had me thinking: since a good chunk of what an advisor does is helping a plan sponsor minimize their fiduciary duty, is it a proper plan expense to use assets to … Continue reading

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The DOL Rolls Over, Fiduciary Rule Effectively Dead

The Department of Labor (DOL) said it’s not going to pursue enforcement actions against investment advice fiduciaries “who are working diligently and in good faith to comply” with requirements of the fiduciary rule that was recently overturned by a federal … Continue reading

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A Plan Sponsor Needs A Retirement Plan “Dentist”

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

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Retirement Plan Advisors Advantage

My newsletter for retirement plan providers can be found here.

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