Category Archives: Retirement Plans

Being an ERISA litigator isn’t as easy as one may think. For class action lawsuits, you’re fronting money with the hopes of getting a large settlement in a class action. You’re pushing novel legal theories and sometimes, the court pushes … Continue reading →

The SECURE Act made a profound change that will affect any 401(k) plan with part time employees by requiring that long term, part time employees be able to make deferrals in a 401(k) plan For plan years beginning after Dec. … Continue reading →

Sometimes, the house misses. MGM Resorts International has been sued by participants of its 401(k) plan alleging breaches of fiduciary duties by allowing excessive recordkeeping and investment fees. The lawsuit claims that MGM Resorts breached their duties by failing to … Continue reading →

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

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

Advisors ask me all the time of the role of education in participant-directed 401(k) plans. Participant directed 401(k) plans that are governed under ERISA §404(c) offer the plan sponsors liability protection based on a participant’s gains or losses on their … Continue reading →

I always talk about my frustrating experience at a certain semi-prestigious Long Island law firm (sorry, Lois). I do it partly to rub my success in their noses because they never had faith in me, but mostly because the way … Continue reading →

My word is my bond; at least I try to make it that way. My opinions on which providers are good for plan sponsors aren’t for sale and neither should yours. When I get asked for referrals, I always try … Continue reading →

You must know about the shoemakers’ children and how they go barefoot and have no shoes. In the retirement plan industry, we have retirement plan providers and their employees’ retirement plans. I know, I have been there. The third-party administrator … Continue reading →

Mutual of Omaha Insurance Co. and its subsidiary United of Omaha has agreed to settle Mutual of Omaha’s 401(k) plan over allegations of self-dealing. The settlement involves a cash payment of $6.7 million as compensation to a class of participants. … Continue reading →