Monthly Archives: August 2022

Back in the day, the question of theft of plan assets, usually indicated theft by the plan sponsor or plan provider (hello, Matt Hutcheson). These days, with access to 401(k) retirement distributions so easy, cyber theft is the biggest concern … Continue reading →

When I left a job, the first thing I did was execute my rollover form to move my 401(k) balance to an IRA rollover. While research from Pew will show that fees for an IRA account are higher because of … Continue reading →

Empower, announced has achieved $62 billion in retirement plan sales in 2022. The AUA figure represents funded and committed organic sales. As of June 30, 2022, Empower has earned more than 2,000 new client mandates. Empower’s advisor-sold business, which encompasses plans … Continue reading →

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

I have always had a problem with target date funds (TDFs). It had to do with glide paths and the fact that there was no uniformity as it pertained to what should be in a 2025 fund or any fund … Continue reading →

When you’re young, you’re urged not to quit. Whether it’s little league or scouts, your parents would always tell you that it’s just not OK to quit on a whim. As a retirement plan provider, there are certain times where … Continue reading →

Whenever I hear about someone getting caught lying about their resume or credentials, I am always astounded. I don’t know why people lie about college degrees they didn’t receive or credentials they didn’t achieve, but I guess the fact is … Continue reading →

With the initial 5500 deadline coming and going and October 15th around the corner, it makes sense for you to realize what happens if you fail to file our Form 5500 on time, with or without an extension. You might … Continue reading →

With the Department of Labor (DOL) focusing on cybersecurity, I think it’s prudent for plan sponsors to put policies in place to cover it. On a DOL audit, I’m sure the auditor investigating your plan, will ask for it. What … Continue reading →

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