Monthly Archives: November 2023

When a friend or family member asks for advice upon leaving a job, I always tell them to rollover their account to an Individual Retirement Account. Of course, I’m not an advisor trying to push product. I think any fiduciary … Continue reading →

If you have a retirement plan with more than 100 participants with account balances, you probably have a plan audit (if you have more than 120 participants, you do). Like with any plan providers, there a lot of great auditors … Continue reading →

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

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

One of the thankless parts of my job is dealing with plan sponsors with large issues and no sense of urgency in fixing them. The large issues, usually deal with a third-party administrator (TPA) that hasn’t done the work or … Continue reading →

I always believed that former employees were better off rolling out their 401(k) money into a rollover. I still do. When my wife changed jobs about a year ago, it was probably the first thing she did. Years ago, I … Continue reading →

Timing is everything and a new proposed fiduciary rule has bad timing. While I support changes to the current rule, a rule with about a year before the next Presidential election, means a rule that is proposed, but may not … Continue reading →

I understand why people in the industry would have issues with the proposed legislation, known as “Retirement Savings for Americans Act.” If passed the law would create a retirement savings program by the Federal government. . Full- and part-time workers … Continue reading →

Again, litigators are trying to create class action lawsuits against large plans. This time, I think they’re scraping the bottom of the barrel. The newest wave of cases is dealing with forfeitures and larger companies using forfeiture to reduce employer … Continue reading →

Final regulations updating the the rules governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of ERISA, the Internal Revenue Code and the Federal Employees’ Retirement System might be released soon. The White House … Continue reading →