Monthly Archives: May 2019

The House passes the SECURE Act, but hold your horses

The House of Representatives easily passed the SECURE act, which has significant changes to retirement plans. It will allow multiple employer plans, increase the age for required minimum distributions, and increase annuity options in 401(k) plans. Yet, it’s premature to … Continue reading

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DOL sets up new fiduciary rule for December

The Department of Labor (DOL) will propose a new fiduciary rule in December, which will set off another battle with Wall Street and probably lead to millions more in legal fees for broker-dealers to conform. This time, the DOL will … Continue reading

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401(k) Plan Sponsors Can Minimize Their Liability In 8 Easy Steps

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

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Cut through the fiduciary advertising and make sure you get what you were promised

Advertising is a great medium and it’s a medium that could often be confusing to the consumer. So when it comes to the retirement plan business, you have providers providing fiduciary services whether that’s 3(16), 3(21), 3(38), co-fiduciary, or the … Continue reading

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A majority of plan have automatic enrollment, but some work to do

A majority of 401(k) plans supposedly have an automatic enrollment feature. This is what I read in one of the reports from one of these nation 401(k) conferences. It’s an impressive number since it’s only been 2006 that automatic enrollment … Continue reading

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Keep track of former participants

When employees terminate, I feel they will immediately take a distribution from their 401(k) plan or they won’t. The problem is a plan sponsor loses track of former employees and it only becomes an issue when the plan is being … Continue reading

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A majority of plan have automatic enrollment, but some work to do

A majority of 401(k) plans supposedly have an automatic enrollment feature. This is what I read in one of the reports from one of these nation 401(k) conferences. It’s an impressive number since it’s only been 2006 that automatic enrollment … Continue reading

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Just keep an open mind and listen

In business and in life, I think one of the worst things you can do is to not listen. As you all know, I’m highly opinionated and I always think that one of the worst things that people can do … Continue reading

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The curse of social media

I always say that social media helped build my career as an ERISA attorney. Without Linked and the articles I write on JDSupra, I would have starved a long time ago when I went on my own. Social media should … Continue reading

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Student loan match legislation proposed

Sen. Ron Wyden (D-OR) has reintroduced legislation that would permit 401(k), 403(b), SIMPLE and governmental 457(b) retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions. The legislation is based on an … Continue reading

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