Category Archives: Retirement Plans

My favorite comedian was George Carlin and George had a great act on euphemisms and how toilet paper became bathroom tissue and how a used car became a pre-owned automobile. All George was saying that euphemisms can cloud meanings of … Continue reading →

People with solo 401(k) plans and other smaller plans tend to get very little services. Most don’t have the assets for a retirement plan advisor, so they got it alone. Going it alone for investments and plan administration could be … Continue reading →

The Department of Labor (DOL) is interested in the concerns about cybersecurity, so expect some guidance. Tim Hauser, Deputy Assistant Secretary for National Office Operations at DOL’s Employee Benefits Security Administration (EBSA), says that we will likely see more focus … Continue reading →

With the implementation of rules that will finally allow Pooled Employer Plans (PEPs), expect more and more retirement plan providers offering micro plan solutions for small employers. Why the move to offering better solutions for micro plans? There are a … Continue reading →

It is that time of the year, again. The Internal Revenue Service  has announced inflation-adjusted figures for retirement account savings for 2021. Effective January 1, 2021, the limitation on the annual benefit under a defined benefit plan under § 415(b)(1)(A) … Continue reading →

I had a friend of mine in college who was involved in student politics like I was and he once proclaimed to the school newspaper that he was “the stick in the wheels of corruption.” 20 years later, I have … Continue reading →

Retirement plan providers can never be arrogant when it comes to the gripes raised by their clients. If clients have an issue with your service, you can’t discount because anger festers and boils over into an irreversible cycle that gets … Continue reading →

22 years in the retirement plan business and I have seen quite a bit. Two disasters that I witnessed close by involved the fall of a fiduciary and the disestablishment of a very successful third-party administrator (TPA). I am not … Continue reading →

Like George Costanza who always tried to leave on a high note in an episode of Seinfeld, I always try to leave at the right time. Most of the time, it’s the right time. Sometimes it’s like the last episode … Continue reading →

There are essentially two types of people at any company: management and the employees. I always say that I would never hire an employee because I was one (which will change in a few weeks, stay tuned). One of the … Continue reading →