Monthly Archives: May 2022

Elizabeth Warrens also airs concerns over crypto in 401(k)

It’s no surprise that U.S. Sen. Elizabeth Warren (D-Mass.) is expressing concerns about Fidelity Investment’s plan to allow Bitcoin in 401(k) retirement plans. Warren asked Fidelity “about the appropriateness” of its plans and mirrored the concern of the Department of … Continue reading

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Life As A 401(k) Plan Sponsor Isn’t Fair

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

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You can’t afford to live on the edge

One of the reasons I’ve stayed out of trouble in the retirement plan space is that I haven’t strayed too close to the sun. I’ve avoided trouble by not pushing the boundaries of the rules and regulations promulgated by the … Continue reading

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The problem with attendance

I was invited to speak at a statewide conference on pooled employer plans. It was the first time I wore a suit in more than two years. I would have worn my New Yor Rangers jersey if I could have. … Continue reading

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When can you expect me to write about SECURE 2.0?

As a sole proprietor, time is limited. As far as drafting articles about legislation, I just don’t have time. I could analyze SECURE 2.0, but I think it’s irrelevant to my business until it becomes law. Despite overwhelmingly supporting the … Continue reading

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I get what Fidelity is trying to do

People are scratching their heads, the Department of Labor (DOL) had grave concerns over offering crypto in 401(k) plans, and less than a week later, Fidelity announced their plan to offer Bitcoin as an option for plan sponsors that want … Continue reading

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DOL has grave concern over Fidelity bitcoin decision

The Department of Labor criticized Fidelity Investments’ plan to allow investors to put bitcoin in their 401(k) accounts. “We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration. Khawar stressed … Continue reading

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Fidelity to offer crypto window in 401(k) plans

Fidelity Investments will allow investors to put bitcoin (BTC) into their 401(k) retirement savings accounts later this year. Plan sponsors that would offer it, could place a ceiling on the amount of savings earmarked for bitcoin, with the maximum cap … Continue reading

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Advisors Advantage

My latest newsletter for retirement plan providers can be found here.

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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