Author Archives: admin

According to the latest Judy Diamond Report, certified public accountant firms have the best-performing 401(k) plans. CPA firms ranked first among 27 industry groups that were evaluated on seven metrics of plan performance, including average account balances, participation rates, and … Continue reading →

A survey conducted by the 401(k)-platform, Guideline, found that while employers and employees both agree that retirement benefits are valuable, some companies underestimate their value in retaining and recruiting employees. While 93% of participants in the survey note that a … Continue reading →

A law firm partner sends an email to another partner that he’s in trouble, and that the other partner should go to Walgreens and buy gift cards and send over the information for the gift card number and pin. The … Continue reading →

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 →

14 years ago, I had enough. I was tired of working for other people because I wanted to bet on myself and not being told no, even by my wife (who didn’t think going on my own was smart). Before … Continue reading →

I always say that picking a plan provider just on price is a bad idea and I will say that picking a provider just on your years of experience is another folly. I have 25 years of experience and when … Continue reading →