Author Archives: admin

SECURE 2.0 allowed 403(b) Pooled Employer Plans (PEPs), and the first to the market is being launched by The Platinum 401k, Inc., a Florida based third party administration firm and ERISA 3(16) Plan Administrator. Voya Financial, Inc. will serve as … Continue reading →

Thanks to politics, I have advised plan sponsors not to pursue ESG investments for their plan as the rule is dependent on who is in the White House. According to a PIMCO survey, more than 70% of retirement plan consultants … Continue reading →

Cash isn’t king anymore, matching contributions are. Workers value 401(k) matching contributions more than cash, so much so that a dollar in 401(k) contributions is twice as effective at luring employees as a dollar in wages, according to a National … Continue reading →

My latest article on JDSupra.com can be found here.

The last real estate closing. I ever did the purchase of my home because of the unprofessionalism of the seller’s counsel. It soured on my closings and the real estate agent, who said nothing when she referred that attorney, to … Continue reading →

I know quite a few advisors that get upset when a plan provider is inching toward being a full competitor. It could be the third-party administrator getting into the RIA business or vice versa. When you’re a bigger plan provider … Continue reading →

You’re at a sales meeting and the current plan provider is just doing a terrible job of working on that plan. You’ll be better, you’ll be less expensive, and you nailed it during the pitch. You don’t get the gig, … Continue reading →

One of SECURE 2.0’s interesting provisions was that people who are highly compensated employees (HCEs) will be forced to make the catch-up contributions they want on an after-tax basis. That provision was a revenue generator for the Federal government, which … Continue reading →

The Department of Labor (DOL) has filed a rule proposal that will make it easier to wind down retirement plans abandoned by employers and give plan participants access to their benefits. The notice filed with the Office of Management and … Continue reading →

My latest article for JDSupra.com can be found here.