Monthly Archives: May 2019

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 →

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 →

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 →

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

With a planned merger with SunTrust, BB&T tied up a loose end by agreeing to a $24 million settlement on a class action lawsuit filed against them over their 401(k) plan. The lawsuit alleged that BB&T breached its fiduciary duties … Continue reading →

You will hear about how certain retirement plan providers have won awards. Awards are impressive, but sometimes they’re not. You have to be wary as to who gave the award and what the award really means, You also shouldn’t just … Continue reading →

After Lorne Michaels left with the original cast of Saturday Night Live in 1980, they hired Jean Doumanian as Executive Producer who had limited work with the original cast a producer of the show. She along with most of that … Continue reading →

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

T. Rowe Price has released its annual participant data benchmarking report, which shows mixed results for participants in 2018. The average deferral rates reached a 10-year high of 8.6%, outstanding 401(k) loans fell to a nine-year low of 22.5% and … Continue reading →

Secretary of Labor Alexander Acosta indicated that the Department of Labor will try to roll out a new fiduciary rule, in coordination with the Securities and Exchange Commission’s rollout of their own version of a fiduciary rule. Acosta announced these … Continue reading →