Category Archives: Retirement Plans

The rules are the rules and I believe that rules should be consistent and rational. The Internal Revenue Service (IRS) disagrees with that notion when it comes to automatic enrollment and merged plans into MEPs and PEPs. SECURE 2.0 requires … Continue reading →

Bank of America’s research found that 401(k) account balances rose 15% to an average of $86,280 in 2023 because of higher contributions and a strong stock market. Bank of America’s Retirement and Personal Wealth Solutions conducted their research information on … Continue reading →

The Department of Labor was issued an emergency temporary restraining order (TRO) by the U.S. District Court for the Western District of Pennsylvania against RiversEdge Advanced Retirement Solutions LLC, and owner Paul Palguta. According to the DOL, RiversEdge is a … Continue reading →

According to PlanSponsor, LVMH, News Corp., Sephora and Walt Disney Co. are among the large employers, that have tapped Fidelity to offer their 401(k) plan participants a student loan debt repayment matching benefit. This is no surprise. Large employers can … Continue reading →

As I write this, the greatest investment I’ve ever owned, Bitcoin is over $65,000 a coin. Until the Department of Labor (DOL) says yes, it has no space in a 401(k) plan. The DOL’s reservations and concerns are clear, but … Continue reading →

The Department of Labor (DOL) should be finalizing its proposed update to the Voluntary Fiduciary Correction Program in “the next few months,” according to a representative of the Employee Benefit Security Administration (EBSA). The DOL previously proposed last fall, to … Continue reading →

Thalidomide was supposed to be the wonder drug that helped women manage morning sickness until they discovered it caused birth defects. Asbestos was supposed to be the ultimate fire-resistant material that was later found to cause mesothelioma when produced or … Continue reading →

If you own a business, expanding by buying a competitor goes a long way. Mergers and acquisitions are a huge part of growing a business. The problem with corporate transactions is dealing with the retirement plan for the company you’re … Continue reading →

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surprised how many people pay $20 to get a warranty on a $100 Blu-Ray player. When Best Buy was going national, they advertised how … Continue reading →

A small plan received an audit inquiry from the Internal Revenue Service (IRS). Upon further review, it appears that the plan didn’t have an ERISA bond and admitted under penalties of perjury, that they didn’t. I assure you that the … Continue reading →