Monthly Archives: August 2018

IRS approves tying student loans to 401(k) employer contributions

The Internal Revenue Service (IRS) issued a private letter ruling which allowed an unnamed employer (some say it’s pharmaceutical giant Abbott) to make 401(k) contributions to participants who are repaying their student loans. In a nutshell, the IRS approved the … Continue reading

Posted in Retirement Plans | Leave a comment

Podcast coming soon

Don’t know when, don’t know where: but there will be a 401(k) podcast emanating from this site and ITunes in the near future.Don’t know when, don’t know where: but there will be a 401(k) podcast emanating from this site and … Continue reading

Posted in Retirement Plans | Leave a comment

401(k) Plan Sponsors Have To Provide Education And Advice To Participants

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

Posted in Retirement Plans | Leave a comment

How 401(k) Plan Sponsors Can Improve Their Plan On A Shoestring

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

Posted in Retirement Plans | Leave a comment

Anyone can be a TPA and that’s a problem

With apologies to Tod Higgins (played by Keanu Reeves) in “Parenthood”, you need a license to practice law to be an ERISA attorney, you need to be a CPA to be a retirement plan auditor, you need a securities license … Continue reading

Posted in Retirement Plans | Leave a comment

What’s In It For Them?

When I worked at that semi-prestigious law firm as an associate, my goal was to develop a national ERISA practice and I thought that a great foundation was the firm’s existing business clients. I thought it would make sense since … Continue reading

Posted in Retirement Plans | Leave a comment

The problem with consolidation in the TPA business

Every week, I check the headline on 401khelpcenter.com and the news part usually involves one or tow purchases of third party administration (TPA) firms by larger TPAs. It’s the nature of a very competitive business and with large TPAs wanting … Continue reading

Posted in Retirement Plans | Leave a comment

What Makes A 401(k) Plan Sponsor A “Mark” For Litigation

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

Posted in Retirement Plans | Leave a comment

Most TPAs are in the administration business, some are not

I have a friend who is an insurance agent and she was looking for a new TPA (third party administrator) for her clients. She previously gave work to a TPA that also happens to sell insurance and financial products (which … Continue reading

Posted in Retirement Plans | Leave a comment

When I don’t get the gig

When I’m contacted by a plan sponsor needs help, I usually quote a flat fee and 9 out of 10 times, I’ll get the client. Price is rarely the reason why a potential client won’t hire me. Here is usually … Continue reading

Posted in Retirement Plans | Leave a comment