Monthly Archives: August 2021

Solo 401(k) plans were a great opportunity for owner-employees to offer a plan for themselves (as well as their spouse). The only problem is that they can be a disaster because of the lack of support most custodians give to … Continue reading →

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

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

Bigger is not better. At least I think so since I come from the school of less is more. While there is consolidation in the retirement plan business and you may be concerned that the competition is getting bigger and … Continue reading →

I always have the belief that I try to treat people the way that I wanted to be treated. However, when someone stabs me in the back, all bets are off. So anyone who maybe had a problem with me … Continue reading →

A family member just went through the process of locating retirement plan accounts at two different employers.  The employers changed providers and the million dollars of retirement assets were just sitting there. These were government plans, so ERISA wasn’t an … Continue reading →

I have some simple rules to live by. I never bet on the Mets, eat at a place called Mom’s, play cards with a guy named Doc, or do business with family. Yet I have come across so many financial … Continue reading →

58 percent of defined contribution sponsors surveyed for the 2021 PLANSPONSOR Defined Contribution (DC) Plan Benchmarking Report said their organization has been using its DC plan recordkeeper for more than seven years, and another 12.3% said it’s been between 5-7 … Continue reading →

Years ago, as a naïve associate at a semi-prestigious law firm, I got the short end of the stick to attend a quarterly Taft-Hartley meeting in Staten Island. If you ever have to drive from Long Island to Staten Island, … Continue reading →

My latest newsletter for plan providers can be found here.