Monthly Archives: April 2017

The Wrong Reasons For Hiring 401(k) Plan Providers

My latest article for JDSupra.com can be found here.

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Why you have bad funds in 401(k) plans

A few years ago, researchers from the business schools at the University of Indiana and the University of Texas at Austin looked at some data to try to figure out why many poor 401(k) investment choices linger on fund lineups. … Continue reading

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Make Sure The Service You Offer Is More Than Just A Gimmick

A few years back, a good friend of mine who is an ERISA §3(38) fiduciary won a case from a disgruntled broker who claimed that all 3(38) services was just marketing. A 3(38) fiduciary that does a competent job and … Continue reading

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IRS takes a look at Cash Balance Formulas for Funny Business

Throughout my career as an ERISA attorney, I’ve come across actuarial third party recordkeeping firms that push the envelope in cash balance and defined benefit plan designs. I can’t forget the actuaries who still push for special trustees and trustees … Continue reading

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The Name You Know

7 years ago, I knew I was going to start my own national law practice dedicated to ERISA because I wasn’t going to accomplish that at the law firm I was working at. Prior to leaving, the local salesperson for … Continue reading

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Revenue sharing costs money

I guess my comments regarding revenue sharing is a bit sarcastic, but I think accurate. While revenue sharing payments from mutual funds to TPA to help defray the costs of administration of a plan sponsor’s plan is legal, it remind … Continue reading

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Watch your website over your photos

This is a heads up for retirement plan providers and it has nothing to do with retirement plans. It has to do with your website and the pictures you may use. As you know, I have this website called that401ksite.com … Continue reading

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Get Over The Fear Of Hiring An ERISA Attorney

My latest article for JDSupra.com can be found here.

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Employees don’t want to hear that

I always jokingly say that the reason I try to avoid hiring employees is that I once was an employee too. However, part of the problem is that I worked for many employers who didn’t understand their role and the … Continue reading

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The problem with pushing other providers

Many larger third party administration (TPAs) firms, especially those owned by insurance companies are feeling the heat and they’ve been feeling the heat of competition ever since everyone had to fully disclose fees thanks to fee disclosure regulation. So many … Continue reading

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