Monthly Archives: June 2024

According to a survey by Principal, 59% of employees who are not contributing to their 401k or other workplace plan believe they are. Another 77% think they began saving after becoming eligible to contribute. These are incredible results and show … Continue reading →

I have seen so much organization dysfunction in my life and it probably dates back to some of the organizations I was a part of, as a college student at Stony Brook. When you’re 18 to 22, you don’t have … Continue reading →

I worked at a law firm that supplied dinner if you stayed later. It was cool until you realized the clients were being charged for that. That’s cheesy. It’s also cheesy for any volunteer of a 401(k) committee or any … Continue reading →

I’ve been running my events, That 401(k) Conference, since 2018. It’s been fun and there are times when it wasn’t. When I had no interest in events booked for Oakland and Detroit last year, I took a breather. We came … Continue reading →

When I started my practice in 2010, the idea was that my content would create referral sources from advisors and Third-Party Administrators (TPAs) using my articles to help retain and recruit plan sponsor clients. Occasionally, I would get companies that … Continue reading →

A federal judge in San Diego rejected Qualcomm Inc.’s motion to dismiss a lawsuit by a 401(k) plan participant over forfeitures. The key issue here is whether Qualcomm could use forfeitures to reduce employer contributions. The Internal Revenue Code allows … Continue reading →

A lawsuit against TIAA’s cross-selling a managed account service will proceed after their motion to dismiss was denied by a federal district court judge in New York. John Carfora, Sandra Putnam, and Joan Gonzales sued TIAA in the U.S. Southern … Continue reading →

Vestwell announced the expanded distribution of J.P. Morgan Asset Management’s Everyday 401(k), as well as the expansion of the Everyday 401(k)’s capabilities, including allowing financial advisors to serve as a 3(38) investment manager in the workplace retirement plan. J.P. Morgan’s … Continue reading →

Small employer plans like a SEP or a SIMPLE-IRA are great opportunities for small businesses to save for retirement because of the no administration costs. However, like clothing for kids, there will be a time when these plans no longer … Continue reading →

ERISA requires disclosure of certain plan documents to participants including a summary plan description, statements, and notices. The problem is what do you do with people who aren’t participants such as potential employees? If you’re scared about providing an SPD … Continue reading →