Category Archives: Retirement Plans

10 years ago, if a 401(k) plan participant tried to sue their employer for  excessive plan fees or breach of fiduciary duty, they would have been laughed out of court. While poor stock market returns and work by the Department … Continue reading →

I have written articles about retirement plan provisions that are good ideas and some that are bad. Here are some provisions that dumbfound me: Off calendar year 401(k) plans: While I understand companies can have non-calendar fiscal years, I have … Continue reading →

The clock is ticking toward 408(b)(2) regulation implementation for fee disclosure to plan sponsors by July 1 and to plan participants for participant directed plans 60 days later. Fee disclosure will forever change the landscape of the retirement plan industry, … Continue reading →

My latest JDSupa.com article can be found here.

If you have not heard, the self proclaimed leader of the independent ERISA fiduciary movement, Matthew Hutcheson has been indicted and arrested for fraud and theft of retirement plan assets from the multiple employer plans (MEPs) where he served as … Continue reading →

My latest newsletter geared towards financial advisors can be found here.

A few weeks back, a woman who was serving as a fundraiser for the PTA for my local school was arrested for embezzlement. She has been accused of stealing $5,000 and using part of it to pay for an American … Continue reading →

My latest JDSupra.com article can be found here.

They started the do it yourself craze for home improvement, perhaps they can do the same for 401(k) plans. The Home Depot, which has a $3.7 billion 401(k) plan, has shrunk their plan administrative expenses in half over the last … Continue reading →

I will say it again, I think the offering of an ERISA §(3)(38) fiduciary service is one of the nice developments in the retirement plan business. While the “investment manager” definition has been in ERISA since the beginning of time, … Continue reading →