Monthly Archives: March 2023

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

While most 401(k) plans don’t have account balances, the shuttering of Silicon Valley Bank and Signature Bank is a pause for concern. While there might be some pension plans that could have been affected by the failures of these banks, … Continue reading →

As more and more employees are deferring on a Roth after-tax basis, there will be more errors on whether the contributions are made after-tax or pro-tax and vice versa. Changing Roth to pre-tax and ore-tax to Roth is a giant … Continue reading →

T. Rowe Price published the latest findings of its annual Retirement Savings and Spending study, which found women lag far behind men in terms of retirement contributions, savings, and confidence. The median 401(k) account balance for women was 65% lower compared to … Continue reading →

Transamerica announced that it’s partnering with Cetera Financial Group to launch a new pooled employer plan (PEP), the Cetera Advantage(k) GPS. The PEP is designed for small and midsize businesses and will be available only through Cetera-affiliated advisors. Transamerica will … Continue reading →

CAPTRUST announced its purchase of Monroe Vos Consulting, a Houston-based registered investment advisor (RIA) with $5.8 billion in assets. Monroe Vos provides advisory services for retirement plan sponsors, endowments, and foundations and provides wealth management services to high-net-worth individuals and … Continue reading →

401(k) participants may be able to invest part of their 401(k) account balance directly into the CoinDesk Market Select Index (CMIS) under an arrangement by ForUsAll and CoinDesk Inc. By expanding the investment options to include the CMIS, 401(k) participants … Continue reading →

The first time I heard the word Schnorrer, I was 7 years old and my parents took me on a trip to Mystic, Connecticut. During those days, the Connecticut Turnpike had eight toll booths from Greenwich to Mystic. It felt … Continue reading →

If you read my writings, you know that fiduciary liability is one of the plan sponsor’s more important concerns as a plan fiduciary. Since participant-directed plans under ERISA §404(c) are supposed to limit a plan sponsor’s liability, I have consistently … Continue reading →

As an ERISA attorney who drafts plan documents at a flat fee, my biggest competitors are not other ERISA attorneys, but third-party administration (TPA) firms. Plan documents are just another service that TPAs can provide and they can provide it … Continue reading →