Monthly Archives: December 2019

….One More Thing For Plan Providers

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

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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I will never understand a TPA asset based fee

I’m stubborn and there are just some things I don’t understand, so hear me out. I got a call not too long ago from a financial advisor about my practice and how I price my work on a flat fee … Continue reading

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Some random thoughts on the retirement plan business

Cost is an overused consideration for picking plan providers, value and quality are underused. Target benefit plans are the Boo Berry Cereal of retirement plans. You know they exist, but you rarely see them. Target date funds, what’s the target? … Continue reading

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Proposal for tax fee plan withdrawals for LTC premiums

I’m not a fan of reporting legislation, but this piqued my interest. Sen. Pat Toomey (R-PA), a member of the Senate Finance Committee, is working on a bill that would allow plan participants to withdraw funds from their 401(k), 403(b), … Continue reading

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Schwab to buy TD Ameritrade

Charles Schwab, the largest publicly traded discount brokerage firm and of the largest custodian of 401(k) plan assets has agreed to acquire TD Ameritrade for an all-stock transaction valued at $26 billion. The deal brings together two of the largest … Continue reading

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Amazon taps Fidelity for its 401(k)

Amazon is a mover and shaker in e-commerce and they have a pretty large 401(k) plan now. As of the end of 2018, their 401(k) plan has almost $6 billion in assets. So when Amazon ditches Vanguard funds for Fidelity … Continue reading

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Signs of an unhealthy plan

When it comes to your health, there are certain symptoms you should look out for that could be a harbinger of something wrong. The same can be said of your 401(k) plan. Here are some things to consider: Late deposit … Continue reading

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Make sure RMDs are made

In the past 35 years, it changed on who had to take out a required minimum distribution (RMD) from a qualified retirement plan. Thankfully, it hasn’t changed since 1997. So a person who is a 5% owner has to take … Continue reading

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New study suggests more funds on a lineup

Studies previously showed that participation rates in a 401(k) plan are negatively impacted when there are more funds on a 401(k) fund lineup. However, a new study suggests that adding more funds is better. A report from Morningstar finds that … Continue reading

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