Monthly Archives: April 2021

When the Internal Revenue Service develops a laundry list of the things that they will focus on, when it comes to retirement plans, we need to listen. The IRS Tax Exempt and Government Entities Compliance Governance Board has approved the … Continue reading →

Solo 401(k) plans are a great benefit for sole proprietors. I know, I have one. The problem is they are on the Internal Revenue Service’s (IRS’) radar. The IRS’s Tax Exempt and Government Entities division has identified one-participant 401(k) plans … Continue reading →

The Department of Labor (DOL) issued guidance that reinforces that the new investment advice regulation in retirement accounts will strengthen oversight of rollover recommendations and require investment advisers to mitigate conflicts of interest. The regulation that the Biden administration let … Continue reading →

The Department of Labor (DOL) has issued guidance for plan sponsors and plan providers that cover best practices for them for maintaining cybersecurity. This guidance comes pretty quickly after the Government Accountability Office (GAO) asked the DOL to guide everyone … Continue reading →

There is a growing problem that I’ve seen dealing with plan providers (usually third party administrators (TPAs) who get paid for an entire plan year’s work, get terminated and refuse to complete the end of the year work because that … Continue reading →

I’m always fascinated by the history of dying organizations because I’ve been surrounded by them. Whether it’s a law firm, a synagogue, or a wrestling territory, they all have the same problems. The major problem is that they’re set in … Continue reading →

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

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

Being a plan sponsor is a tough job and the amount of paperwork that goes with it can be overwhelming. The paperwork includes plan documents, summary plan descriptions, amendment, valuations, trusts statements, and payroll. The fact is that as a … Continue reading →

With January 1st past us, we knew that many plan providers were going to launch Pooled Employer Plans (PEPs). I know, because I helped launch four and still in the process of converting two multiple employer plans (MEPs) into PEPs. … Continue reading →