Author Archives: admin

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 →

I’ve been in the retirement plan business for 26 years and I’ve been through a few recessions in that time. There was the dot-bomb implosion, added by 9/11. Let us not forget when our entire financial system was on the … Continue reading →

The U.S. District Court for the Northern District of California has decided not to dismiss a class action lawsuit against The Clorox Company and the employee benefits committee of The Clorox Company 401(k) Plan. The lawsuit claims that Clorox violated … Continue reading →

The average Self-Directed Brokerage Account (SDBA) 401(k) balance at Charles Schwab finished the fourth quarter of 2024 at $352,605, up by 13.6% since 2023, according to Charles Schwab’s latest SDBA Indicators Report. SDBAs at Schwab experienced a 1.5% increase from … Continue reading →

Former Angels pitcher and current Angels broadcaster Mark Langston will be the guest for our event in Anaheim at Angels Stadium on Thursday, June 5th. For just $100 or $50 each for multiple attendees from the same firm, you can … Continue reading →

The Senate approved President Trump’s nominee to be the next Secretary of Labor. Lori Chavez-DeRemer was approved by a vote of 67-32. Chavez-DeRemer was formerly a Representative for Oregon’s 5th District.

One of my favorite Yiddish words is “schnorrer.” While it means beggar or sponger, it essentially refers to a cheapskate who tries to get something for nothing. There is nothing wrong with potential clients negotiating fees to get a bargain. … Continue reading →

I believe that plan providers who promised they will make me wealthy have consistently failed in that promise. While it’s perfectly fine to dream of retirement plan profits, it’s important not to let those dreams turn into mere fantasies. The … Continue reading →

A plan provider once asked me if I had written a comprehensive article on why trustee-directed 401(k) plans are superior to participant-directed plans. Although I believe in this argument, I haven’t actually written such an article. I don’t think it … Continue reading →

When I was 13 and had my Bar Mitzvah, I spent around $2,000 (in 1985 money) on a state-of-the-art Apple IIe with a monochrome monitor. One of the first pieces of software I purchased was the top desktop publishing program … Continue reading →