Monthly Archives: May 2019

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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Don’t ask for trouble with plan provisions

One of my biggest tasks as an ERISA attorney is helping plan sponsors out with voluntary compliance and self-correction programs. Many of these problems that have to be fixed are as a result of the plan document saying one thing … Continue reading

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What you can learn from the AAF

The Alliance of American Football (AAF) tries to be a spring football league that would act as a feeder system for the National Football League. It was a nice idea on paper and they had an app that had some … Continue reading

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Great service doesn’t justify over inflated fees

I’m a loyal customer and always have been. I’ve always been reluctant to change especially when I’m satisfied with a service. I’m too loyal and sometimes, it costs me money like 401(k) plan sponsors who have misplaced loyalty in their … Continue reading

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