Category Archives: Retirement Plans

The Internal Revenue Service (IRS) doesn’t read the 5500s, but the Department of Labor (DOL) does. The problem with asset purchases and existing plans is there will be a change in the plan sponsor and the employer identification number (EIN). … Continue reading →

Bonuses are nice, I wouldn’t know because in the 11 years I was an employee, I got $300 for the holidays after I started in September 1998 and never received one again. This article isn’t about my lack of bonuses, … Continue reading →

A class action complaint over the Clorox’s handling of forfeitures in their 401(k) plan was mostly dismissed. The plaintiff would need to file a revised complaint, to support that Clorox committed fiduciary imprudence or disloyalty. The plaintiff claimed that Clorox’s … Continue reading →

Bitcoin investors love Donald Trump because he fully supported Bitcoin and invited people in the industry to flush his campaign with cash. So now that he’s back in the White House in January, don’t be surprised that Bitcoin will be … Continue reading →

Yogi Berra said it best, “It’s like déjà vu all over again.” We have a new fiduciary rule and an unexpected Trump victory (I expected it). I’m sure a new fiduciary rule isn’t at the top of President-Elect Trump’s list, … Continue reading →

The United States Government Accountability Office (GAO) released a report on the impact of Department of Labor Regulations (DOL). The report involved talking to plan sponsors and plan providers. It stated the obvious impact of fee disclosure regulations that were … Continue reading →

iRS announces 2025 Limits

Even back then in college, I knew when things weren’t right. I was the Managing Editor of the Stony Brook Statesman and the top editor made copies of our Newsday Awards and was mailing someone a response to a letter, … 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 →

When I was in college and law school, I loved TGI Fridays. Whenever I was in New York, D.C., Boston, or traveling to California, the beauty of this chain restaurant was that you’d get the same quality meal. I always … Continue reading →