Monthly Archives: June 2021

My latest newsletter can be found here.

A third-party administrator (TPA) and/or plan fiduciary stealing plans assets is easier than you think. TPA Vantage Benefits stole $14 million from 6-7 of their clients wasn’t be surprising to me because I saw it before with Matt Hutcheson and … Continue reading →

I’m the guy who will travel to a Target further from my home because the Target in Farmingdale is far better than Westbury and Valley Stream and people think I’m crazy to travel 15 minutes more for a better run … Continue reading →

People know that I love crypto investing, but hate it as a potential 401(k) investment for almost all plan participants. Providers will offer it within a small self-directed. A brokerage-like window with minimum exposure. I believe For Us All is … Continue reading →

The Delinquent Filer Voluntary Compliance Program (DFVCP) is a Department of Labor (DOL) program designed to encourage voluntary compliance with ERISA’s 5500 program. It’s great as a plan sponsor if you forget to file a Form 5500 and pay thousands … Continue reading →

Lowe’s Cos. settled a class-action lawsuit filed by a participant in its 401(k) plan for a $12.5 million settlement fund from which participant class members are entitled to distributions.  The class-action lawsuit alleged that Lowe’s, its administrative committee, and investment … Continue reading →

When you operate proprietary mutual funds and offer them in your401(k) plan, you will be a target of ERISA litigators. John Hancock agreed to a $14 million settlement in a lawsuit filed by participants in a company 401(k) plan who alleged ERISA … Continue reading →

My latest article for JDSupra.com can be found 1.

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

When it comes to retirement plans, we have a snowball effect. The effect is usually when the plan sponsor has a plan problem and decides to either try to fix it on their own or lean on legal counsel with … Continue reading →