Category Archives: Retirement Plans

A federal judge in Amarillo, Texas, rejected arguments made by 26 attorneys general in Republican-led states challenging the legitimacy of the Biden Administration’s so-called ESG rule. The attorney generals had asked the court to reconsider its earlier decision to affirm … Continue reading →

Daniel Aronowitz, president of Encore Fiduciary, was nominated by President Trump to become the next Assistant Secretary of Labor and lead the Employee Benefits Security Administration. Aronowitz has 30 years of experience in the professional liability industry as a coverage … Continue reading →

Years ago, I was irritated when a person from my community was appointed to an elected position because of a vacancy. I never met the man, but I’m a little disgusted by him because of his past posts on Facebook. … Continue reading →

On whether to recommend Bitcoin and other digital assets for clients, financial advisers are wary about their fiduciary duty to clients, according to a CoinShares survey. 62% of 250 advisers in the survey think that recommending Bitcoin and digital assets … Continue reading →

Every time I’ve spoken to other plan providers about certain things they are working on, all I later see are missed opportunities. There are no sure things in this business, there are opportunities. Even when you have a signed contract … Continue reading →

I sound like a broken record, but I won’t stop until 401(k) plan sponsors understand the issue of a late Form 5500 and Internal Revenue Service (IRS) and Department of Labor (DOL) penalties. If you are late with filing a … Continue reading →

Schlichter Bogard, LLC represents participants of the $7 billion Charter Communications, Inc. 401(k) Savings Plan in a class action against Charter Communications, Inc. The suit claims that rather than using the Plan’s forfeiture assets to pay all Plan administrative expenses, … Continue reading →

As a 401(k) plan sponsor, you need to operate according to its terms. The concept is silly, but the fact is that most plan sponsors never read the plan document. You might think you’re excluding or including union employees, and … Continue reading →

Vanguard announced expense ratio reductions to 168 mutual fund and exchange-traded share classes across 87 funds. The reductions will save investors more than $350 million in 2025 alone, the largest annual expense ratio reduction in Vanguard’s nearly 50-year history. In … Continue reading →

The Department of Labor (DOL) has released Field Assistance Bulletin 2025-01 (the Bulletin), allowing ERISA fiduciaries to transfer retirement balances of under $1,000 to a state unclaimed property fund. The Bulletin describes a DOL nonenforcement policy for fiduciaries that decide … Continue reading →