Monthly Archives: April 2019

As Congress and the Department of Labor (DOL) still keep the status of open multiple employer plans in legal limbo, individual states are still going ahead with state-run programs. New Jersey has become the sixth state to pass legislation requiring … Continue reading →

With May here, plan sponsors and plan provider may not be aware of an Internal Revenue Service (IRS) deadline that isn’t that far off. All organizations that sponsor 403(b) retirement plans must restate their plan documents by March 31, 2020, … Continue reading →

The plethora of class action lawsuits against colleges and universities over their 403(b) plans have brought a variety of settlements and wins by the defendant schools. Add Vanderbilt University to the universities that settled up and paid upon a lawsuit … Continue reading →

Bonuses are nice, I wouldn’t know because in the 11 years I was an employee, I got $300 for the holidays after I started in September 1998 and never received one again. This article isn’t about my lack of bonuses, … Continue reading →

I think the one thing that 401(k) plan sponsors really forget is that the plan is an employee benefit. As with all benefits, it is a tool to recruit and retain employees. A great plan with great tools for participation … Continue reading →

I was speaking to one the best 401(k) marketing gurus out there and when talking about my idea for a national conference, he told me that he warns smaller plan providers about how many conferences they attend. I agree because … Continue reading →

Maybe it’s a simplistic approach when it comes to certain things, but I see things the way they are in very simplistic approaches. When it comes to employees working for a client, I always say that happy employees never leave. … Continue reading →

There is further consolidation in the retirement plan business as TD Ameritrade is selling its retirement plan and custody assets to Broadridge Financial Solutions/ Matrix Financial Solutions≥ TD Ameritrade is not getting out of the business completely as they said … Continue reading →

After annoying many plan sponsors and plan providers by increasing user fees for their voluntary compliance program (VCP), the Internal Revenue Service (IRS) goes the other way by increasing the number of opportunities for plan sponsors to correct errors through … Continue reading →

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