Author Archives: admin

Despite the volatile stock market, retirement saving continued to be a strong focus for defined contribution plan participants through the first half of 2022, according to new research from the Investment Company Institute (ICI). The study found most plan participants did … Continue reading →

Retirement plan assets are for the exclusive use of plan participants, it’s not supposed to be for the use of fiduciaries for their own use. The fiduciaries of an international design firm in Moorestown, N.J. must pay more than $2 … Continue reading →

In Notice 2022-45 the Internal Revenue announced that qualified retirement plans (and IRAs have until December 31, 2025, to adopt amendments related to coronavirus-related distributions and plan loan relief under the CARES Act, and qualified disaster distributions under the Relief Act. That notice … Continue reading →

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

My latest newsletter for plan providers can be found here.

A lawsuit against Goldman Sachs reiterated one point that most plan sponsors and their advisors forget: an investment policy statement (IPS) isn’t required. However, Goldman Sachs is a financial powerhouse and its professionals had enough experience to pick investments. Unless … Continue reading →

If there is one opinion that I have that is argued about many times is my two cents on the use of the largest payroll providers being in the Third Party Administration (TPA) business. Usually, the people who criticize my … Continue reading →

January 1 will be two years of pooled employer plans (PEPs). While I know there aremany plan providers who think this is the greatest thing since sliced bread and a few providers that think they’re awful ad no part of … Continue reading →

Success has many parents and failure is an orphan. In addition, everyone loves 401(k) plans when the market is doing well. Thanks to a weakening market, many retirement plan participants are turning to their plan’s websites and apps for help, … Continue reading →

Goldman Sachs won a dismissal of a proposed class action over its alleged imprudent use of high-cost, underperforming proprietary mutual funds as investment options in their retirement plan. U.S. District Judge Edgardo Ramos in Manhattan found no proof that Goldman’s … Continue reading →