Category Archives: Retirement Plans

About 75% of 401(k) plans allowed employees to save money in a Roth account in 2019, but participants aren’t using it. Only about a quarter of 401(k) investors do so. While many suspect that the amount is low because participants … Continue reading →

I’m old enough to remember when a photocopy and Xerox were considered the same. Xerox was a brand like Band-Aid. These days, their luck is far worse, including now an ERISA lawsuit. Participants of the Xerox Corp. 401(k) Savings Plan … Continue reading →

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don’t fully understand the fees they are paying. Even with fee disclosure rules implemented in 2012, 41% of participants incorrectly believe that they pay nothing for their … Continue reading →

I’ve said it for a long time. It’s imperative that plan sponsors and plan providers wake up about cybersecurity issues. The recent action by the Securities and Exchange Commission (SEC) is just a harbinger of things to come when the … Continue reading →

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

I have been an ERISA attorney for almost 23 years now and it’s gone by pretty quickly. I have worked for a few ERISA attorneys and have seen quite a few out there giving speeches around here and there. Probably … Continue reading →

I’ve gone back into collecting sports cards because I need hobbies these days since I’m no longer involved in my synagogue and one of the interesting things I’ve discovered is something called card breaks. A sports card dealer buys a … Continue reading →

As I’ve stated before, I wouldn’t hire employees because I was an employee once too. That pretty much means that I never met an employee whoever thought they were overpaid. For that matter, I never met an employer who thought … Continue reading →

One of the big parts of my practice is assisting third-party administrators (TPAs) who can’t or don’t want to afford an ERISA attorney on staff. I recently had to answer correspondence regarding the payout of a participant who was deceased … Continue reading →

A Long Island business newspaper once named my old law firm’s administrator as its Chief Financial Officer of the year and the first thing I asked at the time was: “How big was the ad?” That’s because my old law … Continue reading →