Category Archives: Retirement Plans

It doesn’t go to plan

My grandmother always said that life doesn’t go to plan. She said that years before her death and years before I decided to host a national conference. When you start planning a national conference 10 months in advance, you don’t … Continue reading

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The One Cost Of The Long Time Part Time Inclusion

The biggest change with the SECURE Act is that long term part-time employees will be eligible to partake n the deferral component of the plan. Employees who complete 500 hours of service or more for 3 consecutive years will be … Continue reading

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Aon and Willis Towers Watson to merge

As I’ve said, plan provider mergers will continue and have sped up ever since fee disclosure regulations were implemented in 2012. Aon and Willis Towers Watson announced a plan to merge in a reported $30 billion all-stock transaction, resulting in … Continue reading

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The new normal

I wasn’t around the Spanish Flu epidemic. My grandfather was and his older sister died of it at age 18 in 1918. This coronavirus isn’t as deadly as the Spanish Flu and we have the technology to limit the suffering … Continue reading

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CenturyLink wins its 401(k) class action lawsuit

CenturyLink successfully defended the class-action lawsuit filed against them. A federal judge granted CenturyLink’s motion for summary judgment, finding that they didn’t violate ERISA. The plaintiffs alleged CenturyLink breached its fiduciary duty under ERISA by poorly designing and failing to … Continue reading

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Invesco settles their lawsuit

A lawsuit against the Invesco 401(k) plan has been settled for $3.47 million. Also, Invesco agreed to modify the investment options offered through the plan’s self-directed brokerage account option so that plan participants will be permitted to invest in non-proprietary … Continue reading

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Coronavirus Concerns For 401(k) Plan Sponsors

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

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You can’t sell Betamax in a world of VHS

A plan provider once asked me if I had written a full-blown article on why trustee directed 401(k) plans are better than participant-directed plans. I haven’t even if I believed in it (which I do), but it’s not going to … Continue reading

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Not wrong to dream, just don’t make it a fantasy

I will always say that the plan providers who proclaim that they will make me rich have failed to do so. There is nothing wrong with dreams of retirement plan revenue gold, but you can’t afford to let that dream … Continue reading

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$300 million Plan sued over share classes

As long as there are 401(k) plan sponsors who don’t show concern over cost, there will always be ERISA litigators that will take a bite. The Vail Corporation has been sued for excessive fees in their Vail Resorts 401(k) Retirement … Continue reading

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