Monthly Archives: February 2023

Out Of The Box Thinking For Retirement Plan Providers

My latest article for plan providers can be found here.

Posted in Retirement Plans | Leave a comment

The thing about ESG

While the Biden administration’s Department of Labor (DOL) final environmental, social, and governance (ESG) rule went into effect, I think it’s much to do about nothing. I think most advisors will not offer an ESG choice on a fund lineup … Continue reading

Posted in Retirement Plans | Leave a comment

Employees are not interested in state plans

I like state mandates for retirement plan coverage, because it increases interest in employers sponsoring 401(k) plans. I’m of the opinion that when push comes to shove, employers would rather sponsor their own 401(k) plan or join a pooled employer … Continue reading

Posted in Retirement Plans | Leave a comment

One Digital Acquires Florida Pension Group

OneDigital announced the acquisition of Florida Pension Group. Based in St. Johns, Fla., Florida Pension Group (FPG)  provides retirement plan services to over 100 businesses and with more than $500 million assets under management. With the deal, OneDigital’s assets under … Continue reading

Posted in Retirement Plans | Leave a comment

Fidelity said hardships were up

COVID, inflation, and a possible recession, all good reasons why hardship distributions are up. According to Fidelity, the percentage of 401(k) participants taking hardship withdrawals from their accounts rose to 2.4% in 2022, up from 1.9% in 2021. Fidelity claims … Continue reading

Posted in Retirement Plans | Leave a comment

The lawyer letter

When I was at law school, I was the editor of the student magazine there and I broke the story about a scandal at one of the law journals. The editor-in-chief was implicated and she gave me a letter from … Continue reading

Posted in Retirement Plans | Leave a comment

Get those affiliated service issues straightened out

As a 401(k) plan sponsor, you need to make sure that all your plan providers understand any ownership interests in other companies that you may have and make a determination whether those interests constitute a controlled group or affiliated service … Continue reading

Posted in Retirement Plans | Leave a comment

The Value Of An Independent ERISA Attorney

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

Posted in Retirement Plans | Leave a comment

Broadridge to use training to increase diversity

Vendettas in the retirement plan business don’t pay your bills. Disputes with other retirement plan providers don’t help grow your business. Years ago, I was invited by a dear friend in the business to speak at a local event for … Continue reading

Posted in Retirement Plans | Leave a comment

Broadridge to use training to increase diversity

Broadridge Financial Solutions is launching an initiative to extend its Fi360 Accredited Investment Fiduciary (AIF) Designation Training to financial professionals from underrepresented groups at no cost. An industry of retirement advisors that is diverse will certainly help plan sponsors out. … Continue reading

Posted in Retirement Plans | Leave a comment