Monthly Archives: April 2022

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

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

I used to live in a great school district until school board members stayed on after their kids graduated and they realized with zero opposition from the community and the Superintendent, they could dole out jobs to their friends and … Continue reading →

Wells Fargo is the latest 401(k) plan provider to settle on a class-action case on their own plan. Wells Fargo has agreed to pay a settlement amount of $32.5 million. The original lawsuit claimed that upon the creation of their … Continue reading →

Someone I admire as a person is a Congressman from the other party. I donated when he first ran for Congress and needless to say, I get bombarded with emails from candidates around the country that I would never support. … Continue reading →

HUB International Limited, a leading full-service global insurance brokerage, and financial services firm, announced today that it has acquired the assets of 401(k) Advisors, Inc. (401(k) Advisors). Illinois-based 401(k) Advisors provides retirement plan consulting services with more than $1.3 billion … Continue reading →

Ascensus and Newport Group announced that the two companies have closed their previously announced merger. The merger will now serve more than 15 million participants and oversee more than $745 billion in assets under administration as of December 31, 2021. … Continue reading →

The federal Thrift Savings Plan will allow participants to allocate some of their assets through a self-directed brokerage account (SDBA) this summer. SDBAs are popular among larger plans and small to medium-sized plans that belong to professional firms. While half … Continue reading →

For almost 10 years, we’ve had fee compression in the retirement plan industry. The question is whether the two-headed monster (inflation and consolidation) means that we will see an increase in pricing? Time will tell. I don’t think inflation will … Continue reading →

My village is finally getting a contested election for the school board for the first time in forever (I’m a big Frozen fan). One of the incumbents is one of those who went into volunteering to make money and money … Continue reading →