Category Archives: Retirement Plans

I am all for an increase in retirement plan coverage. The problem is the errors that go with it. The long-term, part-time rule for deferral participation in 401(k) plan, is a great idea. So is automatic enrollment for new plans … Continue reading →

One of the option of SECURE 2.0 is allowing employers to offer partricipants the right to Roth Employer contributions where they can pay the taxes upfront, and get tax free treatment on employer contributions. As long as employers require vesting … Continue reading →

SageView Advisory Group has announced its acquisition of OnTrack 401(k), based in Frederick, Maryland. OnTrack 401(k) manages $400 million in Assets Under Advisement (AUA) and provides retirement plan consulting services to more than 90 clients. SageView has locations in 21 … Continue reading →

The Government Accountability Office (GAO) unleashed a report about crypto assets in 401(k) plans, but it didn’t reveal much. According to the GAO, industry data suggests that 401(k) investment in crypto assets remains low. But the report leaned more heavily … Continue reading →

There are so many times in business where you may craft the greatest idea out there that will make people money that they’d accept, but they still won’t. When I was at that semi-prestigious law firm, they had a rule … Continue reading →

As an ERISA attorney for 26 years, I have seen a lot of strange things that plan sponsors have done to risk the ire of the Internal Revenue Service (IRS) and the Department of Labor (DOL). Many of these strange … Continue reading →

The Department of Labor (DOL) might be releasing changes to its Voluntary Fiduciary Correction Program (VFCP). The White House’s Office of Budget and Management (OMB) received the DOL’s final rule updating the VFCP on November 20th. Usually, OMB has up … Continue reading →

Transamerica announced the launch of DWC 401(k) Pooled Plan Solutions, featuring the expertise of DWC – The 401(k) Experts, Transamerica, and Leavitt Retirement Partners serving as the 3(38) fiduciary. With two plan options under a single recordkeeping structure, employers can … Continue reading →

As a plan sponsor, you need to ensure that participant beneficiary forms are up to date. It’s not enough to ensure that every participant has filled one out; you also have to ensure that they’re updated. Family lives and situations … Continue reading →

The MTV reality series The Real World ended their opening intro with “to find out what happens… when people stop being polite… and start getting real.” As an ERISA attorney working with retirement plan clients, I often find that what … Continue reading →