Category Archives: Retirement Plans

I was an employee once and that’s why I don’t have employees. If I did have employees and they left my employment, I’d like all strings to be cut. Some larger plans disagree. According to a new Cerulli report, 84% … Continue reading →

When you hire a financial advisor for your plan, they typically are paid quarterly from plan assets. Yet some so many plan sponsors pay hat quarterly fee and their advisor have been missing in their job, that they should be … Continue reading →

If your company is buying the stock or the assets of another company, get an ERISA attorney to review if there is a retirement plan of your target involved. Too many corporate attorneys forget to call in an ERISA expert … Continue reading →

If your company is buying the stock or the assets of another company, get an ERISA attorney to review if there is a retirement plan of your target involved. Too many corporate attorneys forget to call in an ERISA expert … Continue reading →

I love the idea of a Roth 401(k) and if you could afford to lose the tax deduction of a 401(k) deferral and you have enough of a horizon before you retire. I just learned that venture capital billionaire Peter … Continue reading →

It happens all the time, an unmarried plan participant signs up for a retirement plan and designates their parents and/or siblings as their beneficiaries. They subsequently get married, have children, and never bother to update their beneficiary forms. They die … Continue reading →

The pandemic is over, at least for now. Assuming the Delta variant doesn’t increase infections and cause the mask and social distancing back up, I still think that the pandemic will cause some changes in the business that will be … Continue reading →

The beauty of being in the retirement plan business since 1998 is that I love what I do and I can also remember the technological breakthroughs that allow the industry to provide a better service at a better price. The … Continue reading →

If you’re a large plan sponsor, who also happens to offer your proprietary mutual funds in a 401(k) plan, you’re a mark for a lawsuit. Sometimes, twice. Transamerica has settled another lawsuit brought by participants who had alleged a breach … Continue reading →

A few years back, I was representing a plan sponsor under a Department of Labor (DOL) audit for very frequent late deferral deposits. They were asking questions regarding an investment policy statement as well as the selection of the fiduciary … Continue reading →