Monthly Archives: September 2020

In life, giving people a wide variety of choices is 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 … Continue reading →

I always say that I come up with many ideas, but most of them are bad. Seriously, there are so many bad ideas out there in the 401(k) space and one of the really bad ideas out there are bundled … Continue reading →

I was a volunteer and officer for an organization where I stated that the leadership (not including me) was stuck in 1980. What it meant was that this leadership couldn’t adjust to the current age when it came to recruiting … Continue reading →

Third-party administrators (TPAs) are the most important plan provider that a 401(k) plan has and the biggest problem is those plan sponsors and many of their advisors don’t know that. That’s a huge problem because it can only hurt a … Continue reading →

With COVID and massive layoffs, we certainly have a partial termination problem to consider. If an employer has a turnover rate of 20% or more, that counts as a partial termination, and employers have to fully vest employees they’ve laid … Continue reading →

If you become big enough, you can get sued. That is the lesson I tell everyone when someone mentions to me when a large plan provider or a large plan gets sued. Jerry Schlicter’s law firms has targeted the Pentegra … Continue reading →

My latest newsletter can be found here.

It was in “This is Spinal Tap” where I heard the line how there was such a fine line between stupid and clever. When it comes to protecting retirement plans, I always say KISS, the acronym for “keep it simple … Continue reading →

As summer turns to fall, it’s important for you as a 401(k) plan sponsor to use this time to consider what changes you may need for 2021. Whether it’s a change of plan provisions for eligibility or contributions, it’s the … Continue reading →

The law firm I started 10 years ago is actually more than 20 years old as it was a shell where I could offer legal services on the side while I did my normal day job. It was an experiment … Continue reading →