Monthly Archives: October 2022

My latest newsletter can be found here.

If your plan is with a very large plan provider, you may be contacted by a competing provider that the incumbent has been sued. What do I think? Not much. If you’re big enough as a company, you will likely … Continue reading →

The Department of Labor (DOL) has finished its ESG rule for retirement plans and sent it to the White House for final approval. The final version of that rule will not be published until November. The proposed rule was published … Continue reading →

The Internal Revenue Service (IRS) has issued Notice 2022-53, providing guidance related to certain provisions of section 401(a)(9) that apply for 2021 and 2022. The guidance for certain RMDs for 2021 and 2022 states that a DC plan that failed … Continue reading →

Fidelity Investments, Vanguard, and Alight Solutions have teamed up with Retirement Clearinghouse, LLC (RCH) to create a consortium of workplace retirement plan recordkeepers, Portability Services Network, LLC, to accelerate the nationwide adoption of auto portability. The idea is that plan … Continue reading →

When markets go south, participants fly for safety. I’m a fan of dollar cost averaging, but that’s just me and my situation as a 50-year-old with 20 years left to maybe retire. Alight Solutions has published September updates from its … Continue reading →

Mutual of America 401(k) plan participants have brought a class action lawsuit against Mutual of America Life Insurance Company for alleged breach of fiduciary duty. Plan participants claim that Mutual of America 401(k) plan fiduciaries breached its fiduciary duties of … Continue reading →

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

My latest article can be found here.

I always say one of the beauties of retirement plans is not one is alike. They are like snowflakes because every plan sponsor has a different retirement plan need based on the size of their business, profits, and demographics of … Continue reading →