Monthly Archives: November 2023

Inflation is affecting retirement plan limits again. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees, up from $22,500 in 2023/ The catch-up contribution limit … Continue reading →

Registered investment advisor (RIA) Creative Planning announced the purchase of Mesirow’s corporate retirement advisory services team. Mesirow services over 350 retirement plans, representing approximately $13 billion in assets under advisement and management. As of July 1, Creative Planning’s assets under … Continue reading →

The Department of Labor proposed a new fiduciary rule. The proposed rule would end the traditional five-part test for determining if an adviser is acting in a fiduciary capacity and replace it with a three-part test in which satisfying any … Continue reading →

Despite my concerns about allowing crypto options in 401(k) plans, that issue will be back for us. As Bitcoin is at $37,000 and rising, there is expected approval of Bitcoin Exchange Traded Funds. While the Department of labor has warned … Continue reading →

A friend of mine advised me of the recent death of the owner of a third-party administration (TPA) firm, that I actually introduced the friend to. I remember when that TPA owner first called me, it was a few months … Continue reading →

Before I officially started my own practice as my sole revenue generator in 2010, I started the law firm about a decade earlier because I probably knew I would be on my own. The first idea for The Rosenbaum Law … Continue reading →

Fee disclosure regulations and a whole bunch of excess fee settlements in litigation have curbed excessive fees. So ERISA litigators, especially on the low end, are trying to. find angles for litigation. The Blackrock Target Date Fund cases were abysmal … Continue reading →

The small business part of the 401(k) business is a bit tough, a recent survey shows that. A survey from Capital Group found that main reasons for small businesses not creating retirement plans were costs, complexity, and concerns about the … Continue reading →

I got a phone call from a broker who wanted to give me a free 401(k) analysis. I’m sure the call was from Form 5500 where I’m listed as a plan sponsor. The broker had no idea who I was … Continue reading →

United Airlines has filed a lawsuit over an alleged scheme with an advisory firm and a scheme to get loans through pilots’ self-directed brokerage window. United Airlines, Inc., United Airlines Retirement Plans Administrative Committee, and the United Airlines Pilot Retirement … Continue reading →