Category Archives: Retirement Plans

They Say Their Plan is OK, But Plan Sponsors Usually Have No Idea

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

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Don’t panic if a provider you knows gets sued, but….

As a plan sponsor, you’re always going to run into another plan provider that is interested in picking you as a client. Plan providers can only grow their business by adding new clients, so it’s a part of the game. … Continue reading

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Don’t let the best employees be low in the pecking order

I’m a big fan of Survivor since day one. One of the more memorable seasons in the beginning was the fourth season on the island of Marquesas. Besides the first appearance of Boston Rob (who played his worst game), it … Continue reading

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Own Up To Your Mistakes

Years ago, I had to hire an out of town collection law firm to collect a debt from a client. The client didn’t respond to my lawsuit and I was awarded a default judgment against them. The problem with hiring … Continue reading

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The issues with Open MEPs

Now that President Trump has issued an executive order calling for open multiple employer plans (MEPs) and possible Congressional legislation, there are still concerns and issues that I’d love for the Department of Labor (DOL) to resolve in their eventual … Continue reading

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That 401(k) Conference Hits The Windy City

The date was Thursday, September 13th and the place was the friendly confines of Wrigley Field for the second edition of That 401(k) Conference. The event was held in the Fannie Mae suite area behind center field where over 20advisors … Continue reading

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Great 401(k) Plan Features That Aren’t A Fit For Everyone

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

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My Opinion Shouldn’t Threaten You

Social media is an interesting dynamic, both in the positive and the negative. Thanks to social media, I’ve gone from an unknown associate attorney to a well, known national ERISA attorney. One of the drawbacks I find in social media … Continue reading

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That’s not the way to be in the administration business

I have comes across quite a few third party administration (TPA) firms over the years and 95% of them are pretty good. Even if they make mistakes, they’ll own up to them and they happen to make a few mistakes. … Continue reading

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Is that 401(k) lawsuit streak going to end?

The landscape for the retirement plan business has radically changed since when I first started in 1998. Normal courses of business such as revenue sharing and non-transparency of fees were the order of the day. No one cared when the … Continue reading

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