Monthly Archives: December 2023

Most errors I have seen through plan audits are typical. It’s usually late deferrals or a screw-up on the definition of compensation. Yet there can be some true horror shows out there, I’m talking about catastrophic errors that can lead … Continue reading →

They say change is good. Some changes are good, and some changes have growing pains. I’m a big fan of retirement plan coverage, so allowing long-term, part employees to defer will be a good thing while maintaining full-time service requirements … Continue reading →

It sounded like a great idea at the time. An alumni association for a student organization was being formed and with my expertise in fundraising, I was asked to be on the fundraising committee. The committee had one meeting and … Continue reading →

When drafting new 401(k) plans, I always recommend allowing for a loan provision. I know there are quite a few plan providers who don’t want any provisions that allow “leakage” of retirement assets, but I believe that when times are … Continue reading →

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

Employee Fiduciary, LLC has launched a new calculator to demonstrate the future value of 401(k) fees. This tool is designed to show retirement savers how much they can increase their savings in retirement by lowering their 401(k) fees today. The … Continue reading →

These are hectic times, so we always look to what participants do in the 401(k) plans to see what the industry is up to. While salary deferrals in 401(k) plans have remained consistent, participants have increasingly been withdrawing their retirement … Continue reading →

It’s amazing sometimes how people are blind to conflicts of interest that are as clear as day. In my local hamlet, the Library Board hired a School District board member as their attorney even though there is a financial relationship … Continue reading →

I’m the guy who will travel to a Target further from my home because the Target in Farmingdale is far better than Westbury and Valley Stream and people think I’m crazy to travel 15 minutes more for a better-run store … Continue reading →

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surprised how many people pay $20 to get a warranty on a $100 Blu-Ray player. When Best Buy was going national, they advertised how … Continue reading →