Author Archives: admin

While there has been a push to allow 401(k) plan sponsors to offer retirement income solutions for participants, most plan sponsors aren’t interested in offering it. PGIM conducted a study that found that while seven out of 10 plan sponsors … Continue reading →

When I was 13 and I had my Bar Mitzvah, I plucked down about $2,000 in 1985 money for a state-of-the-art Apple IIe with a monochrome monitor. One of the first pieces of software I bought was that top desktop … Continue reading →

As an ERISA attorney who drafts plan documents at a flat fee, my biggest competitors are not other ERISA attorneys, but third-party administration (TPA) firms. Plan documents are just another service that TPAs can provide and they can provide it … Continue reading →

If you read my writings, you know that fiduciary liability is one of the plan sponsor’s more important concerns as a plan fiduciary. Since participant-directed plans under ERISA §404(c) are supposed to limit a plan sponsor’s liability, I have consistently … Continue reading →

I’ve watched Survivor since it first started about 23 years ago and I never tried out for the show. I’m unathletic and I can’t swim, I’d be the first one voted off. I’m also on the path of least resistance, … Continue reading →

When I first heard about ERISA §3(38) fiduciaries, I was a lowly law firm associate and I saw that it was going to be a growth area for advisors. According to PLANADVISER’s most recent survey about 15% of Defined Contributions … Continue reading →

I have a client who is a third-party administrator and it appears that a former employee put them in a bind by giving some truly awful advice to a client. The advice was that the plan sponsor could make a … Continue reading →

I always say a retirement plan provider needs to find its niche to stand out in the retirement plan marketplace. A new firm, Annuity Research & Consulting, has been created to help 401(k) retirement plan sponsors and their record keepers … Continue reading →

Minnesota is slated to become the next to adopt a measure creating a state-run retirement program that provides coverage for private-sector employees whose employers do not. The state Senate approved the bill in a 34-33 vote. The House passed it in a 71-60 vote. The … Continue reading →

Some disturbing projections came out of a Pew study on retirement plan savings. The new research from Pew has found America’s retirement savings gap could create a $1.3 trillion economic burden through 2040. The Pew study says as many as … Continue reading →