Category Archives: Retirement Plans

Times are tough, I’m not going to sugarcoat it. Just this past week, two friends I know lost their fathers to COVID-19. As I write this, 10 million people have filed for unemployment. We don’t know how many people in … Continue reading →

Having experienced two meltdowns in the market in the past 22 years, I feel that this Coronavirus pandemic will have a greater negative impact on the retirement plan industry. Because unemployment rates could hover at a 20-25% clip. History has … Continue reading →

My latest newsletter for plan providers can be found here.

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

As the turd in the punch bowl as I affectionately call myself, I am a little too frank on what is going on in the 401(k) industry. The Coronavirus pandemic is something that hasn’t been seen in this country, probably … Continue reading →

With so many layoffs and furloughs thanks to the Coronavirus Pandemic, plan sponsors don’t have the cash that they did before. If you have plan sponsor clients with safe harbor 401(k) contribution, stated matching contributions, or required minimum funding contributions … Continue reading →

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act (the “Act”) into law with substantive retirement plan changes.  Among the changes: Distribution free from the early distribution penalty. Coronavirus-related distributions that … Continue reading →

In life, choice is usually a good thing. However, when it comes to daily valued 401(k) plans, too many choices isn’t a good thing. It sounds counter-intuitive, but too many choices offered to plan participants is usually a mistake. Offering … Continue reading →

CitiBank used to have a jingle in their ads in the 1980s that “Citi never sleeps, CitiBank”. While most of us are hunkered down thanks to this Coronavirus epidemic, it doesn’t mean that as the plan sponsor, you can just … Continue reading →

Over the years, I worked with many organizations starting back with student political organizations and the school paper at Stony Brook. This includes actual businesses, civic and religious organizations. Many of these businesses and organizations thought that advertising was the … Continue reading →