Monthly Archives: February 2022

My latest newsletter can be found here.

If your firm has been touched by the great resignations of 2022, you may have some issues to consider: 1) Definition of compensation and the treatment of the payment of sick and vacation pay. How is it handled? How will … Continue reading →

As a plan sponsor, you hear the numbers like 3(16), 3(21), and 3(38) thrown around. The selling of fiduciary services is big. Business over the last 10 years as plan providers want to assume some or all of the liability … Continue reading →

When it comes to plan design, I believe in the idea of KISS:  keep it simple, stupid. While the SECURE Act protects plan sponsors from liability by offering annuities, I have zero interest in adding an annuity option to a … Continue reading →

I used to joke that to save money, the local news stations should recycle footage that they collect from hardware stores and supermarkets when there is a snowstorm because the reports of people buying shovels, snowblowers, milk, and bread are … Continue reading →

The Department of Labor (DOL) Employee Benefit security Administered has filed a lawsuit in Federal District Court for the Southern District of New York against Velo Corp. of America for breaches of fiduciary duty under ERISA. Velo Corp. is the … Continue reading →

My latest article on JDSsupra.com can be found here.

When I was at law school, I was the editor of the student magazine there and I broke the story about a scandal at one of the law journals. The editor in chief was implicated and she gave me a … Continue reading →

As a 401(k) plan sponsor, you need to make sure that all your plan providers understand any ownership interests in other companies that you may have and make a determination whether those interests constitute a controlled group or affiliated service … Continue reading →

I started my practice almost 12 years ago and I devoted a huge part of it, to helping advisors with their clients. It’s a great way to get referrals, but there are times when the help I provided led me … Continue reading →