Category Archives: Retirement Plans

I’m a long-suffering fan of the Mets and, I’ve had to deal with the underwhelming leadership of several former Mets managers. It seems we may have a winner with Carlos Mendoza. The point is that when hiring employees, hire the … Continue reading →

A Texas federal district court ruled that American Airlines breached its fiduciary duty of loyalty, but not its fiduciary duty of prudence, in allowing its $26 billion 401(k) plan to be influenced by environmental, social, and governance (“ESG”) policies unrelated … Continue reading →

Transamerica announced a brand revamp. According to Transamerica, these changes include an update to their logo, which will start to feature the Transamerica Pyramid Center rising from a horizon, along with changes to their visual language. The brand’s typography will … Continue reading →

John Hancock has launched FutureStep, an open-architecture retirement plan offering powered by Vestwell. The firm’s existing plan lineup is set to launch in the early 2025s. The FutureStep interface is designed to facilitate interactions between advisers, employers, and participants. FutureStep … Continue reading →

The Internal Revenue Service (“IRS”) issued proposed regulations regarding the provisions of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) that relate to catch-up contributions. The proposed regulations are for the requirement imposed by SECURE 2.0 that catch-up contributions for … Continue reading →

Mariner announced the acquisition of Cardinal Investment Advisors. Mariner’s advisory assets will grow to $550 billion in the first quarter of 2025. With offices in Chicago and St. Louis, Cardinal provides investment consulting services to insurance companies, as well as … Continue reading →

Starting in 2026, Highly Compensated Employees will have to make their Catch Up Contributions as after tax Roth deferrals. The Internal Revenue Service issued regulations to that effect, after the SECURE 2.0’s required implantation date of 2024. With a new … Continue reading →

There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they’re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don’t … Continue reading →

As a plan fiduciary, I still can’t believe it. A Third Party Administrator (TPA) we terminated was trying to hold us up for valuations and a Form 5500 we paid for, as part of, annual administration. It was $80,000. We … Continue reading →

Friday, I was supposed to attend the New York Comic Con for a special session since I had a wholesale account with the leading comic book distributor. I’m sure the breakfast would have had some free giveaways and I was … Continue reading →