Monthly Archives: December 2022

I was interviewed recently by a 401(k)-centric website about smaller plans. When I first started in 1998, there was a tremendous bias from a small start-up plan. So many plan providers didn’t want the business and these smaller plans were … Continue reading →

I was an associate at a semi-prestigious law firm. I asked the 401(k) trustees to look at our plan. One trustee was the human resources director and the other one was a law firm partner. The plan didn’t have a … Continue reading →

My wife doesn’t know much about crypto, but she is fascinated by what happened with FTX and SBF. She doesn’t understand how someone like that, could be involved in such a scam. Unlike me, my wife never knew two plan … Continue reading →

There is a gender gap with 401(k) deferrals and auto-enrollment might be the way to curb that. In 401(k) plans without automatic enrollment, men lag behind women in participation rates at all income levels, most notably below $150,000. The largest … Continue reading →

I have seen some great articles about plan sponsors and issues surrounding retirement income options. They talk about obstacles to implementation and some talk about articles about plan sponsors interested in it. Quite honestly, I have yet to see plan … Continue reading →

The Department of Labor (DOL) announced changes to Form 5500. For Multiple Employer Plans (MEPs), new codes have been added to Line 8a of Part II to identify different types of MEPs, such as pooled employer plans, association retirement plans, … Continue reading →

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

You could be the greatest plan provider, but you can’t please everyone. Even when things aren’t your fault, there will be some plan sponsors who will still blame you. You can try to bend over backward for some plan sponsors … Continue reading →

While technology makes it easier for bad actors to steal the retirement assets of plan participants, it’s far easier to steal from 401(k) plans with crypto investments. 401(k) plans that have Bitcoin investments would have a crypto wallet, rather than … Continue reading →

With high inflation and an economy that might be in a recession, it is no shock that hardship distributions are on the rise. About 0.5% of employers participating in 401(k) plans made a “hardship” withdrawal in October, according to Vanguard. … Continue reading →