Monthly Archives: September 2024

The Department of Labor (DOL) updated current cybersecurity guidance for plans governed by the Employee Retirement Income Security Act, including health and welfare plans. The new Compliance Assistance Release provides best practices in cybersecurity for plan sponsors, plan fiduciaries, recordkeepers, … Continue reading →

The Alera Group Inc., from Deerfield, Illinois, announced the purchase of Minnesota-based Advanced Capital Group Inc. The deal brings $24 billion in a retirement plan and wealth assets, increasing Alera’s total retirement assets to $45 billion. Advanced Capital Group provides … Continue reading →

When I was at that semi-prestigious law firm many moons ago, I developed this plan review called the Retirement Plan Tune-Up. I’d look at the plan document, plan design, costs, the Fiduciary process, basically anything that the plan sponsor can … Continue reading →

I worked at a place where employees were passive-aggressive and never said anything about how things bad are, except when they stopped supplying free milk for the coffee machine. That was always my point in my fierce debate on automatic … Continue reading →

I’m glad that the Sixth Circuit has joined other Federal appeals courts in stating that arbitration provisions are invalid as a prospective waiver of rights and remedies guaranteed under ERISA. In this recent case, Parker v. Tenneco, the participants claimed … Continue reading →

I’m old enough to remember when they would do ads for the Yellow Pages and they told you should let your finger do the walking. When getting ready for that Internal Revenue Service audit, you may not need to let … Continue reading →

If you have a great product, but lousy distribution, you’re not going to do well. Yet the same thing is on the flip side if you have great distribution, but a lousy product. Whether it’s a pooled employer plan, a … Continue reading →

There is always that line that you’re hired to be fired. No matter how great you are as a plan provider, you will certainly get fired by a client if you haven’t already. However, if you’re consistently losing clients, it … Continue reading →

It’s 2024 and let us face some facts: behavior that might have been tolerated in the 1970s and 1980s isn’t tolerated today. Thankfully, I’ve worked on my own for the last 14 years, so I don’t have to deal with … Continue reading →

I write a ton of articles as you may know and I will have advisors contacting me and suggesting some topic titles. I have adapted some of these suggestions, but there is one article idea that I had to turn … Continue reading →