Monthly Archives: December 2023

AFS 401(k) Retirement Services, LLC (AFS 401(k) Retirement Services) and AFS Financial Group, LLC has been acquired by HUB International. AFS 401(k) supports mid- and large-sized organizations in managing employer-sponsored retirement plans and financial wellness programs, including fiduciary oversight, plan … Continue reading →

I joke that you will hear many announcements about pooled employer plans starting, but very little on them amassing plan assets. So here is one Pooled Employer Plan (PEP) that has. Aon announced that its pooled employer plan, Aon PEP, … Continue reading →

The snowball effect is a term for a process that starts from something that is small and builds upon itself, becoming larger and also perhaps potentially dangerous or disastrous. The idea is that an avalanche can be started by a … Continue reading →

I first started paying for my own car when I got my first job as an ERISA attorney, It was a brand new 1998 Toyota Camry. I was looking for car insurance and the best rate was through an insurance … Continue reading →

I always say that the reason I’ve never hired an employee is because I was an employee once too. I say that the problem with the employee-employer relationship is that no employee thinks they get paid too much and no … Continue reading →

Over the past 13 years as a solo ERISA practitioner, I always get asked if that’s all I do. It’s not some kind of insult, but a question on whether I also do financial advisory work and/or third-party administration work. … Continue reading →

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

The Internal Revenue Service finally released regulations for 401(k) plans for long-term, part-time employees (LTPTE).The provision will go into effect starting January 1, 2024. It provides guidance on LTPTE rules that were established with the SECURE Act in 2019 and … Continue reading →

There is still big business with small plans. Empower has reported it has achieved sales of more than $10 billion in new retirement plan sales, amounting to some 3,300 in new plans and covering the retirement needs of approximately 250,000 … Continue reading →

The best thing I did in my professional life was starting my own practice. The only thing I maybe miss from working at a business is the camaraderie with certain staff. Aside from the backstabbing co-workers (every place had that … Continue reading →