Monthly Archives: November 2019

Correcting your late deferrals by depositing them and making a contribution to make up for lost earnings in your 401(k) plan isn’t enough. Why? Well, Form 5500 requires you to truthfully answer whether you have late deferrals. If you answer … Continue reading →

If you have a safe harbor 401(k) plan or plan on adding that provision to your plan, keep in mind that you must hand out notices to plan participants before December 1. It’s an excellent provision and the last thing … Continue reading →

People complain a lot about life these days, but one fun fact is that people are living longer than they did just 20 years ago. Thankfully, the Internal revenue Service (IRS) noticed too. The IRS has proposed a new rule … Continue reading →

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

There are so many times in business where you may craft the greatest idea out there that will make people money that they’d accept, but they still won’t. When I was at that semi-prestigious law firm, they had a rule … Continue reading →

If you’re a closely held business or not, changes do happen. Whether it’s leadership or who serves as your plan’s trustee, change will likely happen. The problem sometimes is when the plan document has been updated to reflect who the … Continue reading →

I worked at a third-party administration (TPA) where one of our administrators tried to steal money from a participant’s account and transfer it to his Individual Retirement Account (IRA),. The only reason he got caught because he messed up the … Continue reading →

The Department of Labor (DOL) proposed a new rule to allow retirement plan disclosures to be posted online. The new rule allows plan administrators to post any document that the administrator is required to furnish under ERISA on the plan … Continue reading →

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

I’m not a big fan of target-date funds and that bias goes back to the implosion of the stock market in 2008-2010, where I thought older workers didn’t realize that their target-date funds had so much equity exposure. I also … Continue reading →