Monthly Archives: November 2021

If you’re a closely held business or not, changes do happen. Whether it’s leadership or who serves as your plan’s trustee, change will likely happen. The problem sometimes is when the plan document has been updated to reflect who the … Continue reading →

Correcting your plan’s late deposit of salary deferrals by depositing them and making a contribution to make up for lost earnings in your 401(k) plan isn’t enough. Why? Well, Form 5500 requires you to truthfully answer whether you have late … Continue reading →

I have worked with several associations in setting up a multiple employer plan (MEP) and even more associations that didn’t want to start one. As I often discuss, starting a MEP isn’t easy because of the times it takes to … Continue reading →

Kroger is the latest target in a class-action lawsuit. The supermarket chain has been accused of various fiduciary breaches under ERISA, having their 401(k) retirement plan pay unreasonably high fees for recordkeeping services and failing to disclose to plan participants … Continue reading →

In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an agreement to merge with Newport Group. Newport is a retirement services provider with close to 1,500 professionals, more than … Continue reading →

In another consolidation for the retirement plan business, Ascensus, a recordkeeping services provider and third-party administrator announced it has reached an agreement to merge with Newport Group. Newport is a retirement services provider with close to 1,500 professionals, more than $150 … Continue reading →

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

I had two friends running for political office this November and they were great guys. The problem was that their local political party didn’t give them the resources to succeed. When you have no campaign signs, ads, or literature, you … Continue reading →

In communications with other plan providers, clients, and potential clients, you have to be clear. There isn’t much room for miscommunication. When dealing with clients, miscommunications can lead plan sponsors to some huge mistakes. Everything you write or say must … Continue reading →

I did a podcast interview with Josh Itzoe, who is a terrific fiduciary and his Fiduciary U Broadcast is fun. As always, I probably said some things that maybe I shouldn’t. I know how to censor myself in the community … Continue reading →