Monthly Archives: March 2022

It’s easier to steal when no one is looking. In Ohio, a former plan participant is facing criminal charges for a fraudulent hardship request. The participant submitted to the plan’s third-party administrator (TPA) two hardship withdrawal applications to obtain money … Continue reading →

I’m terrible with compliments. It’s probably because as a kid, I didn’t get many and I was always wary that any comment I’d make would get a negative comment back. Somehow saying how I was getting better at Intellivision  Auto … Continue reading →

The Department of Labor (DOL) has cautioned plan fiduciaries about private equity investments as components of investment options, such as target-date or balanced funds. The statement however doesn’t withdraw DOL’s 2020 guidance detailing factors plan fiduciaries to consider when evaluating … Continue reading →

In addition to that restatement for Cycle 3 that must be completed for most defined contribution plans is July 31st, the deadline to adopt retirement plan amendments for SECURE Act and CARES Act changes is December 31, 2022 for calendar year plans. … Continue reading →

David Letterman once had a joke about those USA Today graphs where he claimed they had a graph that said that “3 out of 4 Americans make up 75% of the population.” According to MetLife’s newest Stable Value Study, more … Continue reading →

The numbers don’t lie. We are $29 trillion in debt. Our biggest expenditures will be entitlements and paying the interest on that debt. It stands to reason, that eventually,  we will have to increase tax rates to pay that. So … Continue reading →

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