Category Archives: Retirement Plans

When looking at organizations, both businesses and charitable places, I’m always amazed why people stay on, even when it’s time to go. I was a part of a Hebrew school where the PTA President no longer had kids in schools. … Continue reading →

The greatest business failures are business giants that fail to adapt to a changing environment. If Blockbuster only saw the future was digital, perhaps it could have saved itself, even with its stubborn decision not to buy Netflix. You either … Continue reading →

I read that a recent study showed the 80% of 401(k) plans are overpaying in fees. Tell me something I don’t know. For most small and medium-sized plans, there is absolutely no check by the plan sponsors on whether the … Continue reading →

Consolidation among plans provides continues in the retirement plan business. U.S. Retirement & Benefits Partners Inc. announced the purchase of Pension Planning Consultants Inc. Pension Planning Consultants is a New Mexico-based firm that provides retirement plan design consulting and third-party-administration … Continue reading →

The U.S. District Court for the Western District of Michigan granted Pfizer Inc.’s motion to dismiss a case that claimed that Pfizer paid “unreasonable” recordkeeping and administrative fees. U.S. District Judge Paul Maloney ruled that the plaintiff presented his case … Continue reading →

I had to be the Larry David here, but one of my gripes as a plan fiduciary and ERISA attorney is when third-party administrators (TPAs) or custodians screw up on paying fees. I will have one plan where every quarter, … Continue reading →

When a plan terminates and distributes all its assets or merges all its assets into another plan, you need to understand that a Final Form 5500 needs to be completed. Otherwise, you will get notified by the Internal Revenue Service … Continue reading →

I write a lot because social media gets my name out there at a much lower cost than hiring a public relations. Director. I know because I’ve been there and done that. I write articles, I blog, and I started … Continue reading →

When your practice is successful as a retirement plan provider, you’re going to want to hire people who work outside the retirement plan business to help you manage your firm because the day-to-day running of a business doesn’t just need … Continue reading →

Going for that annual review was like going to a dentist if I had cavities. You know it would be painful because you’d hear how awful you were all year, so they could cut back on whatever salary increase you … Continue reading →