Category Archives: Retirement Plans

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

A friend of mine and I were talking about a financial advisor that we knew that had a tremendous and respectable book of 401(k) business and how he uses a well known and ineffective third-party administrator (TPA) for many of … Continue reading →

Too often brokers and financial advisors think about their client’s retirement plan needs and only think about the 401(k) plan. It’s understandable based on their lack of understanding of retirement plan basics, but it’s not when there is a vast … Continue reading →

Willis Towers Watson conducted a survey showing that a vast majority of plan sponsors are opting for the CARES Act provisions on early distributions and plan loans. Almost two-thirds of plan sponsors (65%) have increased access to the COVI-19 in-service … Continue reading →

The Internal Revenue Service (IRS)N has issued a series of an FAQ questions and answers regarding the CARES Act coronavirus-related relief for retirement plans. The coronavirus-related distribution and loan rules generally apply only to qualified individuals. The FAQ does not … Continue reading →

When your plan becomes big enough, you become a target. A lawsuit was filed in New Jersey Federal Court by McCaffree Financial Corp., a participating employer of the ADP TotalSource Retirement Savings Plan, which has filed suit “on behalf of … Continue reading →

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

There are many third-party administrators (TPAs) that I know based on working with them or based on reputation. Working with TPAs and word of mouth about them are excellent barometers about their capabilities. Recently I have heard about a certain … Continue reading →

Trader Joe’s successfully beat back a class action 401(k) lawsuit. When reading the Judge’s opinion, it was a clear smackdown of the Plaintiffs’ complaint. When I put Trader Joe’s 401(k) plan in the Google machine, I could find no articles … Continue reading →

EBSA Notice 2020-01 issued by the Employee Benefits Security Administration (EBSA) provides relief on deadlines for providing certain participant-level notices and disclosures and providing blackout notices, as required by ERISA. EBSA Notice 2020-01 provides relief from the deadlines for furnishing … Continue reading →