Monthly Archives: May 2020

When your plan becomes big enough, you become a target. A lawsuit was filed in New Jersey Federal Court by McCaffree Financial Corp., a participating employer of the ADP TotalSource Retirement Savings Plan, which has filed suit “on behalf of … Continue reading →

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

There are many third-party administrators (TPAs) that I know based on working with them or based on reputation. Working with TPAs and word of mouth about them are excellent barometers about their capabilities. Recently I have heard about a certain … Continue reading →

Trader Joe’s successfully beat back a class action 401(k) lawsuit. When reading the Judge’s opinion, it was a clear smackdown of the Plaintiffs’ complaint. When I put Trader Joe’s 401(k) plan in the Google machine, I could find no articles … Continue reading →

EBSA Notice 2020-01 issued by the Employee Benefits Security Administration (EBSA) provides relief on deadlines for providing certain participant-level notices and disclosures and providing blackout notices, as required by ERISA. EBSA Notice 2020-01 provides relief from the deadlines for furnishing … Continue reading →

BSA Notice 2020-01 from the Employee Benefits Security Administration (EBSA) announced important relief for plan sponsors in connection with authorizing plan loans and distributions The guidance does provide that if an ERISA- plan fails to follow procedural requirements for plan … Continue reading →

BSA Notice 2020-01 from the Employee Benefits Security Administration (EBSA) announced important relief for plan sponsors in connection with authorizing plan loans and distributions The guidance does provide that if an ERISA- plan fails to follow procedural requirements for plan … Continue reading →

Trader Joe’s successfully beat back a class action lawsuit and it confirms what I have been saying over the abundance of 401(k) excessive fee cases in federal courts.  Trader Joe’s was a prime target of ERISA litigators has it has … Continue reading →

My latest newsletter for retirement plan professionals can be found here.

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