Monthly Archives: May 2024

I got an urgent phone call on Friday at 5 pm from a plan sponsor with a unique situation. They talked about terminating their 401(k) plan to their third-party administrator (TPA) and the TPA canceled access to their plan. Reminds … Continue reading →

The U.S. District Court for the District of Maryland ordered engineering firm Bicallis LLC and its owner, Bryan Hill, to restore missing contributions to the Bicallis LLC 401(k) Plan. The court order followed an investigation by the Department of Labor’s … Continue reading →

Labor economist and TikTok creator Kathryn Anne Edwards, in a recent webinar, claimed that 401(k) plans alone are failing to solve the retirement crisis in America and that the federal government needs to take a more active role in providing … Continue reading →

Washington Governor Jay Inslee signed into law, Washington Saves, a state auto-IRA program, to provide coverage for private sector employees. The program will launch by January 1, 2027. Washington Saves will be an automatic-enrollment individual retirement account program. Covered participants … Continue reading →

When it comes to 401(k) litigation, it seems that the flavor of the month is suing large 401(k) plans over their forfeiture provision. Mattel is the latest defendant. The plaintiff in the Mattel case has accused plan executives of using … Continue reading →