Monthly Archives: July 2022

A bright light in this stock market darkness

You can look at the glass as half full or empty, it’s just your view on things. The average 401(k) account plunged by nearly $10,000 in the first quarter of 2022, according to Fidelity, thanks to the market and runaway … Continue reading

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Auto Enrollment works

One of my shortcomings is that I like to be right, I enjoy it when I see something years earlier, and it comes true. Usually, it would be a negative outcome for an organization that I was affiliated with. As … Continue reading

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Bells And Whistles That You Can Add To Your 401(k) Plan At Almost No Cost

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

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Lawsuits are just allegations at first

It seems like every week, there is another major lawsuit against a plan sponsor and one of their service providers. Allegations of impropriety are just allegations until decided by a trier of fact of whether they are substantiated or not. … Continue reading

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Blunders That Can Cost A 401(k) Plan Sponsor

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

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Paycor and Ubiquity team up

Under a deal, Paycor will refer small businesses and startups to Ubiquity Retirement + Savings for a flat fee retirement benefit solutions in a streamlined, turnkey fashion. Ubiquity is a San Francisco-based financial technology company involved in flat-fee small business … Continue reading

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Olin wins ERISA case

Olin Corp has won their ERISA case brought against them in the U.S. District Court for the Eastern District of Missouri. The plaintiffs in the case used the same allegations in numerous other lawsuits filed against employers for alleged fiduciary … Continue reading

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It can never be one-size fits all

I believe that in this business, there isn’t a one size fits all. That deals with ERISA 3(38) advisors, new comparability, safe harbor, and anything where there is a choice. It also deals with how you interact with clients, no … Continue reading

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Gambling vs The Audit is a bad bet

I love Las Vegas and I haven’t gambled there in 20 years and I’ve been there a few times in that time span; I didn’t gamble a nickel. I hate gambling because I hate to lose. For me, getting up … Continue reading

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Never let grudges get in the way of doing the right thing

I always joke that I get rid of old grudges to make way for new ones. A few years back, an advisor asked about a well-known third-party administrator (TPA) for a plan that I serve as a fiduciary. This TPA … Continue reading

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