Monthly Archives: September 2020

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

My latest newsletter for financial advisors can be found here.

The Securities and Exchange Commission is urging professionals to take extra steps to ensure the safety of investors’ assets. The SEC is encouraging firms to “review and make any necessary changes to their policies and procedures around disbursements to investors, … Continue reading →

When I was a kid, there were two varieties of Cheerios, one version of Listerine, and one type of Crest toothpaste. If you got to the supermarket these days, there are about a dozen varieties of Cheerios, more than a … Continue reading →

Finding things wrong with a 401(k) plan is very easy when a settlement in. a lawsuit has been reached. BTG International just settled a lawsuit where they are paying $560,000 in a settlement. The complaint stated that the 401(k) plan … Continue reading →

Putting your proprietary funds in a 401(k) plan makes you a target and if you don’t offer them, it gives you the impression you don’t like your products. McKinsey & Co. is shelling out $39.5 million to 33,000 people who … Continue reading →

Several of the large bundled providers are offering free recordkeeping for parts of next year if plan sponsors switch over to them. It might be a gimmick, but it’s clever marketing. When they are large in the 401(k) business and … Continue reading →

When I first started as an ERISA attorney, I worked for a kind man named Harvey Berman in 1998, working for his law firm affiliated with his third-party administration firm. During Christmas time, he gave me a $300. That was … Continue reading →

The Miller Lite Ads did not inspire to drink beer, but the advertisements were comedy gems from Rodney Dangerfield, Billy Martin, John Madden, Red Auerbach, and a whole host of other sports celebrities (and writer Mickey Spillane for some reason). … Continue reading →

The Department of Labor (DOL) proposed a rule that set the registration requirements for a  pooled plan provider for pooled employer plans, known as PEPs. PEPs will be available starting Jan. 1. The SECURE Act stipulates that pooled plan providers … Continue reading →