Author Archives: admin

After 23 years in the retirement plan business, one thing that stands out is that plan providers are on the cutting edge are usually over the edge. ROB 401(k) plan, sub-trusts in defined benefit plans, defined benefit plans with age … Continue reading →

With the market up, it makes sense that self-directed brokerage accounts in defined contribution plans would be up too. According to Charles Schwab’s SBDA Indicators Report, the average account balance across all participant accounts finished Q2 2021 at $348,183, a … Continue reading →

About 75% of 401(k) plans allowed employees to save money in a Roth account in 2019, but participants aren’t using it. Only about a quarter of 401(k) investors do so. While many suspect that the amount is low because participants … Continue reading →

I’m old enough to remember when a photocopy and Xerox were considered the same. Xerox was a brand like Band-Aid. These days, their luck is far worse, including now an ERISA lawsuit. Participants of the Xerox Corp. 401(k) Savings Plan … Continue reading →

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don’t fully understand the fees they are paying. Even with fee disclosure rules implemented in 2012, 41% of participants incorrectly believe that they pay nothing for their … Continue reading →

I’ve said it for a long time. It’s imperative that plan sponsors and plan providers wake up about cybersecurity issues. The recent action by the Securities and Exchange Commission (SEC) is just a harbinger of things to come when the … Continue reading →

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

I have been an ERISA attorney for almost 23 years now and it’s gone by pretty quickly. I have worked for a few ERISA attorneys and have seen quite a few out there giving speeches around here and there. Probably … Continue reading →

I’ve gone back into collecting sports cards because I need hobbies these days since I’m no longer involved in my synagogue and one of the interesting things I’ve discovered is something called card breaks. A sports card dealer buys a … Continue reading →

As I’ve stated before, I wouldn’t hire employees because I was an employee once too. That pretty much means that I never met an employee whoever thought they were overpaid. For that matter, I never met an employer who thought … Continue reading →