Category Archives: 401(k) Plans

In the movie GoodFellas, Paulie Vario played by Paul Sorvino is offered an ownership stake in a nightclub to protect the owner, Sonny, from the attacks of Tommy DeVito, played by Joe Pesci. Instead of taking an interest in running … Continue reading →

Like brain surgery, there should be no dabblers in retirement plans. Whether it’s an attorney, financial advisor, insurance agent, or recordkeeping firm, you have to be an expert, partner with an expert, or just leave the business. With such difficult rules … Continue reading →

Two men built a third party administration (TPA) practice from the ground up to one of New York’s largest, unbundled, TPAs. It was built on hidden fees, fake audits, and poor administration. This is the story of the life and … Continue reading →

My latest newsletter for the month of December is out. Check it here.

My latest article regarding the perils of fiduciary liability for plan sponsors can be found here.

I got a good chuckle at the toy store a few weeks back when any paint by number pictures for sale. The toy store employee was confused as he was speaking a foreign language or asked for an Atari 2600. … Continue reading →

When Honda unveiled the 1986 line of Acura cars, it was one of the first entrances of the Japanese Auto industry into the luxury market of cars. While the cars were impressive, they were initially beset by factory defects. Eventually, … Continue reading →

My latest article concerning on predictions on the impact of retirement plan fee disclosure can be found here.

Perhaps it is as a result of the terrible economy for the last few years or perhaps more supervision by the Department of Labor, but I have seen a large uptick in owners of businesses stealing plan assets from retirement … Continue reading →

I am proud to be a presenting sponsor at the 401(k) Rekon events in King of Prussia, PA this Thursday and the one in Bridgewater, NJ on Thursday, December 2, 2010. If you are a financial advisor, I urge you … Continue reading →