Monthly Archives: April 2011

A friend of mine who is a retirement plan consultant was advising a $14 million plan on which custodian and third party administration (TPA) firm to use. She picked a local unbundled TPA, using the Schwab platform. The broker of … Continue reading →

The first time I heard the word Schnorrer, I was 7 years old and my parents took me to a trip to Mystic, Connecticut. During those days, the Connecticut Turnpike had eight toll booths from Greenwich to Mystic. It felt … Continue reading →

My guest gig on Voice America can be found here.

If you read my writings, you know that fiduciary liability is one of the plan sponsor’s more important concerns as a plan fiduciary.  Since participant directed plans under ERISA §404(c) are supposed to limit a plan sponsor’s liability, I have … Continue reading →

My latest article on JDSupra can be found here.

As a child growing up in Brooklyn, I had terrible allergies. I had an asthma attack when I was 5, so I took allergy shots almost every week until I was about 18. It’s debatable whether it actually improve my … Continue reading →

I recently wrote an article about how financial advisors can start or grow their 401(k) plan book of business. The lament of a couple of advisors that I know is that plan sponsors are apathetic when it comes to following … Continue reading →

In Star Wars Episode 3: Revenge of the Sith, Obi-Wan Kenobi tells Anakin Skywalker who is on the path to become Darth Vader that “Only the Sith deals in absolutes.” While I haven’t bumped into Emperor Palpatine or any Sith … Continue reading →

2011 is a year of change for the retirement industry. Fee disclosure, the definition of fiduciary, and changes in the marketing of target date funds are on the minds of everyone in the industry, including yours truly. So much has … Continue reading →