Monthly Archives: March 2022

DOL looking at Wells Fargo plans

Wells Fargo & Co. said the Labor Department and other federal agencies are looking at its 401(k) plan. In a filing, the banks stated that the agencies are “reviewing certain transactions associated with the employee stock ownership plan feature of … Continue reading

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Coca Cola Consolidated settles 401(k) lawsuit

Coca-Cola Consolidated has settled an Employee Retirement Income Security Act lawsuit filed against the company for its 401(k) plan. The settlement includes $3.5 million that will be paid to the participants who were a part of the class action. lawsuit. … Continue reading

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IRS releases proposed Minimum Distribution Regulations

The Internal Revenue Service has released proposed regulations that would restate the required minimum distribution (RMD) rules to incorporate changes made by the SECURE Act. Those changes include the increased the age for determining an individual’s required beginning date to … Continue reading

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Selling Betamax in a VHS world

A plan provider once asked me if I had written a full-blown article on why trustee directed 401(k) plans are better than participant-directed plans. I haven’t even if I believed in it (which I do), but it’s not going to … Continue reading

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401(k) Averages Book Shows More Fee Compression

Since 2012 with fee disclosure regulations, we have seen 401(k) fee compression and the latest 401(k) Averages Book shows that it’s continuing. Among the key findings in the newest edition of the 401(k) Averages Book: Large 401(k) plan fees: Fees for … Continue reading

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It never goes to plan

My grandmother always said that life doesn’t go to plan. She said that years before her death and years before I decided to host conferences. When you start planning a national conference 10 months in advance, you don’t think it … Continue reading

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Kiss your past goodbye

I was a volunteer and officer for an organization where I stated that the leadership (not including me) was stuck in 1986. What it meant was that this leadership couldn’t adjust to the current age when it came to recruiting … Continue reading

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Advertising won ‘t fix that

Over the years, I worked with many organizations starting back with student political organizations and the school paper at Stony Brook. This includes actual businesses, civic and religious organizations. Many of these businesses and organizations thought that advertising was the … Continue reading

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Plan Document Foul-ups Can Cost You As A 401(k) Plan Sponsor

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

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The Mistakes Employers Should Avoid Starting A 401(k) Plan

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

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