Monthly Archives: September 2019

As a plan sponsor, you have a fiduciary duty to hire competent plan providers to handle your 401(k) plan. So as part of that duty, it’s important to identify who these providers are, how you hired them, and why. Why? … Continue reading →

Many years ago, I represented a defined benefit plan sponsor being investigated by the Department of Labor (DOL). The DOL thought the plan sponsor had embezzled money from the plan because the deceased actuary never provided any valuation reports and … Continue reading →

A growing number of U.S. employers are adding lifetime income solutions to their defined contribution (DC) retirement plans, according to the 2019 Lifetime Income Solutions Survey by Willis Towers Watson. While I know the marketplace and the Department of Labor … Continue reading →

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

In a recent revenue ruling, the IRS stated that if a participant or a beneficiary doesn’t cash a distribution check in the year it was issued, the individual still must include the amount in gross income for that year. Also, … Continue reading →

I wasn’t a fan of target-date funds when the markets crashed in 2008 because there was no consistency of investment objectives and equity-fixed income mix between target-date funds for a specific year among different fund companies. People who thought a … Continue reading →

My newsletter geared toward retirement plan providers can be found here.

People who are late are usually late most of the time. I’m usually always early for a meeting unless I severely misjudged traffic. I have a business partner who is almost always late, very rarely is he on time. So … Continue reading →

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

My latest newsletter can be found here.