Monthly Archives: November 2022

14 years ago, I worked on a union money purchase plan. A participant claimed that their distribution check was stolen and demanded his benefit. The only problem is that the check was cashed at a check cashing place and a … Continue reading →

Delaware is the latest state to require employers to offer a State IRA program that doesn’t offer a 401(k) or similar workplace plan. Delaware Gov. John Carney signed into law, legislation that will create a state-run program to automatically enroll … Continue reading →

A class action lawsuit was brought forth by former 457 plan participants in run by Empower Retirement and affiliates Great-West Funds and Putnam. The lawsuit was filed under the Investment Advisers Act, the federal law that regulates investment advisers. Additional … Continue reading →

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

Nevin Adams, Chief Content Officer of the American Retirement Association (ARA, has announced his “retirement” from that position, effective March 1, 2023. The ARA also announced that taking over the reins of the ARA’s media business from Adams will be … Continue reading →

The Internal Revenue Service announced the 2023 contribution limits for retirement plans. The salary deferral limit for 401(k) and 403(b) plans will have a $2,000 increase to $22,500, and the catch-up provision for participants aged 50 or over will increase from $6,500 … Continue reading →

When it comes to selecting and retaining plan providers, what you have to do as a plan sponsor is to make sure that it’s done on the up and up. You have to demonstrate that the decision was prudent and … Continue reading →

When you start fixing up the house and replacing appliances or items like the front door or the roof you realize that the replacements are more energy efficient. Replacing that old refrigerator or that washing machine can lead to some … Continue reading →

I am an attorney, but I don’t play one on TV. I have been practicing in the ERISA field for over 24 years and that is all I have done since I first started working after getting my tax LLM … Continue reading →

An advisor called me up and asked whether it was appropriate if an auditor charged an asset-based fee for the audit. I didn’t say no, but I question the reasonableness as to why an auditor would charge more for an … Continue reading →