Monthly Archives: August 2019

As A 401(k) Plan Sponsor, Some New Things For You To Know About

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

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You’re still using too much paper

I used to use a lot of paper in my law practice. Then I had 10 feet of water in my office after Hurricane Sandy and my file cabinet was outside, drying off for the next six months. Let’s just … Continue reading

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Sometimes, it’s the luck of the draw

As an ERISA attorney for almost 21 years (my career can get its own drink), I have seen a lot of strange things that plan sponsors have done to risk the ire of the Internal Revenue Service (IRS) and the … Continue reading

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The problem with plan provider appearances

My local school board is run by a clique who see nothing wrong that some of their children got hired by the school district, hiring decisions approved by the board (minus the parent who abstains). The board and their minions … Continue reading

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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

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

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

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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

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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

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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

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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

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