Monthly Archives: July 2020

In terms of customer service, I don’t think there is anyone worse than my home school district. The Oceanside school district has a Board of Education with more members with kids on school district payroll than with members who have … Continue reading →

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

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

For me, one of the worst things that any business can have is a sense of complacency; I have spent too many years working at places that were just way too complacent in their work, where so much time was … Continue reading →

Years ago, I had the worst call with a prospective client in the 22 years I have been an ERISA attorney. This 401(k) plan sponsor was like many prospective clients, poor participation, and paying too much in fees. The plan … Continue reading →

Over the last 10 years, more and more plan sponsors have opted for environmental and social mutual funds. The problem with these funds is fiduciary concerns since a fiduciary should strive for better performance for their plan.  The Department of … Continue reading →

Fidelity Investments settled a class-action lawsuit regarding its own 401(k) plan for $28.5 million. The class-action case alleged that Fidelity breached its fiduciary responsibility to plan participants by including its proprietary products on the fund lineup. Fidelity previously settled another … Continue reading →

In 1984, Lorne Michaels created a new show, based on Saturday Night Live (SNL) when he was no longer SNL’s producer. It was called “The New Show”, how clever. It failed, people liked the original and within a year, Lorne … Continue reading →

A majority of 401(k) plan sponsors have said that they haven’t felt the need to stop or eliminate contributions during the coronavirus pandemic, according to a new survey by the Defined Contribution Institutional Investment Association. About 86 percent of plan sponsors said … Continue reading →

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