Category Archives: 401(k) Plans

The Department of Labor woke up from its 36 year coma and realized that the definition of fiduciary under ERISA is no longer working. The Department of Labor will implement a regulation to update the definition of “fiduciary” to more … Continue reading →

My latest issue of the Perspectives issue, which is geared towards retirement plan sponsors can be found here.

Imagine if you asked your friend for a favor and recommend a plumber. The friend recommends a plumber he knows and the plumber does a decent job. Imagine if you later discover that the friend received a portion of the … Continue reading →

In “The Outlaw Josey Wales” Josey, played by Clint Eastwood approaches a man in a bar and asks if he is a bounty hunter (there to kill Josey). The bounty hunter replies that a man has to do something for … Continue reading →

I get kind of queasy this election season when politicians suggest that government pensions should be replaced by 401(k) plans for government workers.  I guess because 401(k) plans have worked so well for the private sector. As if. While I … Continue reading →

I will be taping a CE/CLE course on retirement plans for Lawline.com this afternoon. The course will be available for attorneys and accountants in multiple states. When available, I will let you know the details on how to sign up for … Continue reading →

The Department of Labor issued new rules that will require employers to reveal the cost of the 401(k) plan and its performance to participants. These rules will take effect in 2012. That will certainly give the bad players in the … Continue reading →

Years ago, Putnam Funds had a terrible reputation when it came to fees and a duty of care to its investors when it was implicated in a late trading scandal.  There was a Boilermakers Union Local that made over $4 … Continue reading →

My latest issue for 401(k) plan advisors is here.

In England, many of the top pubs are owned by British breweries because watering holes are an effective means of beer distribution. Pepsico (owners of Pepsi) used to own Yum brands (KFC, Taco Bell, Pizza Hut, etc.) for that very … Continue reading →