Author Archives: admin

The Department of Labor (DOL) has cautioned plan fiduciaries about private equity investments as components of investment options, such as target-date or balanced funds. The statement however doesn’t withdraw DOL’s 2020 guidance detailing factors plan fiduciaries to consider when evaluating … Continue reading →

In addition to that restatement for Cycle 3 that must be completed for most defined contribution plans is July 31st, the deadline to adopt retirement plan amendments for SECURE Act and CARES Act changes is December 31, 2022 for calendar year plans. … Continue reading →

David Letterman once had a joke about those USA Today graphs where he claimed they had a graph that said that “3 out of 4 Americans make up 75% of the population.” According to MetLife’s newest Stable Value Study, more … Continue reading →

The numbers don’t lie. We are $29 trillion in debt. Our biggest expenditures will be entitlements and paying the interest on that debt. It stands to reason, that eventually,  we will have to increase tax rates to pay that. So … Continue reading →

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

My latest newsletter can be found here.

If your firm has been touched by the great resignations of 2022, you may have some issues to consider: 1) Definition of compensation and the treatment of the payment of sick and vacation pay. How is it handled? How will … Continue reading →

As a plan sponsor, you hear the numbers like 3(16), 3(21), and 3(38) thrown around. The selling of fiduciary services is big. Business over the last 10 years as plan providers want to assume some or all of the liability … Continue reading →

When it comes to plan design, I believe in the idea of KISS:  keep it simple, stupid. While the SECURE Act protects plan sponsors from liability by offering annuities, I have zero interest in adding an annuity option to a … Continue reading →

I used to joke that to save money, the local news stations should recycle footage that they collect from hardware stores and supermarkets when there is a snowstorm because the reports of people buying shovels, snowblowers, milk, and bread are … Continue reading →