Monthly Archives: August 2019

What 401(k) Plan Sponsors Should Do When They’re Selected For An Audit

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

Posted in Retirement Plans | Leave a comment

Appearances matter

I always believe that appearances are extremely important and if things just don’t look right, they should be avoided at all costs. I take issue with my school district where the children of the board of education members have been … Continue reading

Posted in Retirement Plans | Leave a comment

Contractor pleads guilty to TPA skimming operation

I always say that you have better chances not getting caught by robbing a bank than you do by stealing money as a plan fiduciary. Yet, people still do it and come up with some amazing ways to get away … Continue reading

Posted in Retirement Plans | Leave a comment

It’s legal until it’s not

Shelf space payments where mutual fund companies pay to get access on a particular 401(k) custodial platform is a trending topic. The payments made are for access and if you don’t pay if you’re a mutual fund company, you don’t … Continue reading

Posted in Retirement Plans | Leave a comment

Just correct those errors

We all know that when we make a mistake, it’s best that we correct them. Yet too many plan sponsors take a gamble by not self-correcting errors made in their plan. They play what we call the audit gamble, gambling … Continue reading

Posted in Retirement Plans | Leave a comment

They won’t tell you why they’re pissed

I was very outspoken in law school, complaining some of the injustices and hypocrisy that went on. I think there were some in the faculty and in the student body that thought that I was just an army of one … Continue reading

Posted in Retirement Plans | Leave a comment

Get those contracts reviewed

I had a plan sponsor forward me a contract they received from their financial advisor on a previous plan. Rightfully, the plan sponsor was concerned that they received this contract out of the blue. While this plan sponsor was wise … Continue reading

Posted in Retirement Plans | Leave a comment

DOL Final MEP Rule: Again, Much About Nothing

In news that was far from earth-shattering, The Department of Labor (DOL) announced a final rule today that reiterated the proposed rule on multiple employer plans (MEPs) – and an RFI that seeks more information on “open” MEPs. The final … Continue reading

Posted in Retirement Plans | Leave a comment

Quick Fixes For A 401(k) Plan Sponsor’s Errors and Problems

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

Posted in Retirement Plans | Leave a comment

Plan providers and the beauty of a direct fee

For my first year of law school, I had a renowned criminal law professor. He had a penchant for ties and an odd love for Melrose Place (I was a Dallas guy myself). For his final law exam, the fact … Continue reading

Posted in Retirement Plans | Leave a comment