Monthly Archives: April 2020

With participants being allowed to get a Coronavirus related distribution under the plan if they were affected by it and if your plan offers it, keep in mind what it might do with their retirement savings. Accessing retirement plan assets … Continue reading →

When I was in college in the early 1990s, I was heavily involved in student politics. I would go and buy things that made me look important even when I really wasn’t. I got the beeper that no one really … Continue reading →

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

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

With That 401(k)National Conference being held at the start of the Coronavirus Pandemic, we were still fortunate to have The Retireholi(k)s appear. With Corona in hand, I was happy to be a guest. Video of their broadcast can be found … Continue reading →

One of the things I dislike the most is owner-only defined benefit plans where the minimum contribution is tied fully to the funding of a whole life insurance policy. Why do I hate it? It’s because when times are bad … Continue reading →

With the CARES Act and increased loan amounts and an opportunity for distributions from the early distribution penalty, it’s important for you as a plan sponsor to contact participants about these new provisions if you decided to opt-in and allow … Continue reading →

Your third-party administrator (TPA) might contact you, regarding the coronavirus distribution that is free from the early distribution penalty added by the CARES Act. You have the right, whether to offer it or not. While the hardship distributions are limited … Continue reading →

The fact is that sometimes, bad things happen to good people. That can be said about retirement plans and the good plan sponsors and providers who do their job. No matter how great a job they do, the threat of … Continue reading →

Times are tough, I’m not going to sugarcoat it. Just this past week, two friends I know lost their fathers to COVID-19. As I write this, 10 million people have filed for unemployment. We don’t know how many people in … Continue reading →