Monthly Archives: March 2021

My latest newsletter can be found here.

When an airplane stalls, it’s no longer able to produce lift. When this occurs, there’s an insufficient amount of air traveling under the airplane’s wings to keep it up. As a result, the airplane will drop, thereby reducing its altitude, … Continue reading →

Reliance Trust has settled one of the largest 401(k) excessive suit settlements in their role in the Insperity 401(k) plan. The price tag of the settlement is $39.8 million. The case came from a case involving Reliance Trust and its … Continue reading →

Not surprising most of us, the Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) announced that it won’t enforce recently published rules on Environmental, social, and governance (ESG) investments and proxy voting rights. The DOL said that it won’t … Continue reading →

The beauty of fee disclosure regulations and technological breakthroughs is that 401(k) fees have been sliding. Even 9 years after the promulgations of the fee disclosure regulations, it’s still sliding. The new release of the 401(k) Averages Book shows that … Continue reading →

When I was younger, I was a pessimist. Everything to me, like a bad grade in Civil Procedure I was the end of the world and I realized eventually, that it wasn’t. I learned optimism is easier to manage than … Continue reading →

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

My latest article forJDSupra.com can be found here.

As an ERISA attorney, my retainer agreements are pretty straight and clear. Governed by the laws that govern attorney behavior, I have no choice. Yet, Third Party Administrators (TPAs) don’t have guidelines to live by. While fee disclosures have made … Continue reading →

First, there was the call for an Investment Policy Statement (IPS). Then advisors were touting the need for an Education Policy Statement (EPS). What next? The problem with these statements is they’re not just creeds, these are hoops that an … Continue reading →