Monthly Archives: March 2022

My latest newsletter can be found here.

In the movie Casino, Robert DeNiro as Sam Rothstein wanted to take on the Nevada Gaming Board after they denied his request for his license. Andy Stone, a Teamster controlled by the Mafia and played by Alan King told him … Continue reading →

I served almost 10 years as an ERISA attorney for two third-party administration (TPAs) firms. A good chunk of my time was putting out fires, caused by my untrained plan administrators. So unlike some ERISA attorneys who know no life … Continue reading →

We can certainly our disagreements politically, but I always believe that when given a choice people don’t want to deal with a government-run retirement offering. So when it comes to mandated IRA programs by states for employers that don’t offer … Continue reading →

I hear a lot of ideas about retirement plans and a lot of them aren’t very good. I also get propositioned about services that are unnecessary and too expensive. Yet, when I hear something good and think it’s appropriate for … Continue reading →

As we have a continuing consolidation of the retirement plan business, the big get bigger. HUB International Limited has acquired Louisville, Kentucky-based Taylor Advisors, Inc. Taylor Advisors specializes in financial consulting and investment advisory services for financial institutions.

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

Advisors ask me all the time about the role of education in participant-directed 401(k) plans. Participant-directed 401(k) plans that are governed under ERISA §404(c) offer the plan sponsors liability protection based on a participant’s gains or losses on their account … Continue reading →

We’ve had pooled employer plans (PEP) since January 1, 2021, and. with the weekly press releases on new PEPs, I’m just wondering how many PEPs are already dead. Building a successful PEP will require distribution, dedication, and time. A press … Continue reading →

Former employees have sued Ricoh USA, alleging breaches of fiduciary duty under ERISA. It’s alleged that Ricoh failed to review the plan’s investment portfolio to ensure investment options were not expensive. Additionally, the complaint alleges that the plan sponsor failed … Continue reading →