Category Archives: Retirement Plans

Congress always has proposed legislation that will never make it to law and this thrift savings plan idea is one that is just an awful idea. Senator John Hickenlooper (D-Colo.), a sponsor of a controversial bill to create a Thrift … Continue reading →

What is old is new again. Experts at an ERISA Advisory Council hearing recommended that annuities should be part of a defined contribution plan’s default The council is a 15-member body that advises the Department of Labor (DOL) and they … Continue reading →

Rhode Island is joining the list of states providing a state-run plan that affords private-sector employees retirement plan coverage if their employers do not. Gov. Daniel McKee (D) signed the Rhode Island Secure Choice Retirement Savings Program Act into law. … Continue reading →

You will find stories of people getting fired for social media posts and I have zero sympathy for that. Probably because I almost bought it once, for trying to get a client. As discussed over the past 14 years, I … Continue reading →

With a few exceptions, SECURE 2.0 requires that 401(k) and 403(b) plans established on or after December 29, 2022 begin to automatically enroll participants upon becoming eligible for such plan by the first plan year beginning after December 31, 2024 … Continue reading →

As a kid, I wanted to be a constitutional lawyer. Taking Constitutional Law changed all that. I realized that for the most part, what is constitutional is what 5 Justices say is constitutional. It’s mostly, a play on words, and … Continue reading →

I finally sat down and watched the show everyone was talking about, The Bear on Hulu. Thanks to the fact that each season was about 10 episodes, I finished it in a week. As you may not know, The Bear … Continue reading →

SageView Advisory Group is collaborating with Transamerica to launch Integrity Pooled Solutions, which will offer both a 401(k) Retirement Plan Exchange and a Choice Pooled Employer Plan(PEP). SageView will serve as the 3(38) investment manager and financial advisor for plans … Continue reading →

According to Vanguard, hardship distributions are up and that’s not a good sign. The number of hardship withdrawals per 1,000 savers soared about 40% in 20023 and has doubled since 2021. The main reason people were raiding their retirement accounts … Continue reading →

PNC Financial Services Group Inc. won their lawsuit brought by their employees, that accused them of paying excessive recordkeeping fees for their 401(k) plan. Federal Judge Christy Criswell Wiegand in the Western District of Pennsylvania said that expert witness, Ty … Continue reading →