Monthly Archives: March 2020

The Coronavirus Distribution Isn’t good for participants and the business

As the turd in the punch bowl as I affectionately call myself, I am a little too frank on what is going on in the 401(k) industry. The Coronavirus pandemic is something that hasn’t been seen in this country, probably … Continue reading

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Have the conversation about contributions

With so many layoffs and furloughs thanks to the Coronavirus Pandemic, plan sponsors don’t have the cash that they did before. If you have plan sponsor clients with safe harbor 401(k) contribution, stated matching contributions, or required minimum funding contributions … Continue reading

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Trump signs Coronavirus Relief

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act (the “Act”) into law with substantive retirement plan changes.  Among the changes: Distribution free from the early distribution penalty. Coronavirus-related distributions that … Continue reading

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The thing about too much choice in 401(k) plans

In life, choice is usually a good thing. However, when it comes to daily valued 401(k) plans, too many choices isn’t a good thing. It sounds counter-intuitive, but too many choices offered to plan participants is usually a mistake. Offering … Continue reading

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You still have to do your job as 401(k) plan sponsor

CitiBank used to have a jingle in their ads in the 1980s that “Citi never sleeps, CitiBank”. While most of us are hunkered down thanks to this Coronavirus epidemic, it doesn’t mean that as the plan sponsor, you can just … Continue reading

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Advertising isn’t going to fix it

Over the years, I worked with many organizations starting back with student political organizations and the school paper at Stony Brook. This includes actual businesses, civic and religious organizations. Many of these businesses and organizations thought that advertising was the … Continue reading

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Don’t get stuck in the past

I was a volunteer and officer for an organization where I stated that the leadership (not including me) was stuck in 1986. What it meant was that this leadership couldn’t adjust to the current age when it came to recruiting … Continue reading

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Coronavirus Concerns for 401(k) Plan Providers

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

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Coronavirus H.R. Concerns For 401(k) Plan Sponsors

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

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It doesn’t go to plan

My grandmother always said that life doesn’t go to plan. She said that years before her death and years before I decided to host a national conference. When you start planning a national conference 10 months in advance, you don’t … Continue reading

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