Author Archives: admin

If you’re a large plan sponsor, who also happens to offer your proprietary mutual funds in a 401(k) plan, you’re a mark for a lawsuit. Sometimes, twice. Transamerica has settled another lawsuit brought by participants who had alleged a breach … Continue reading →

A few years back, I was representing a plan sponsor under a Department of Labor (DOL) audit for very frequent late deferral deposits. They were asking questions regarding an investment policy statement as well as the selection of the fiduciary … Continue reading →

I hate death, I hate talking about death, the whole point of living is not dying. Yet, when it comes to setting things rights, I’ve done the best I can in terms of drafting a will and keep beneficiary forms … Continue reading →

Years ago, I started working and had a lot of free time (before marriage and kids). I saw that the local gym offered a free month gym membership. Being a naïve 26 year old, I went to the gym. From … Continue reading →

More than 16 million accounts of $5,000 or less — $8.5 billion in the aggregate — were left in workplace plans from 2004 through 2013. That is part of the reason that the DOL believes that dealing with the missing … Continue reading →

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

I always say that the reason I don’t have employees is I was once an employee too. I was never totally happy with pay and benefits and I don’t know if I ever could be totally satisfied where I worked. … Continue reading →

A plan with 100 or more participants requires an audit of a plan’s financial standing conducted by an independent qualified public accountant to be submitted along with Form 5500. One of the well-known secrets over the past 10 years is … Continue reading →

Attorneys have a bad reputation and a lot of times, it’s warranted. I jokingly said I knew why people hated lawyers just by going to law school. While people may have disdain for lawyers, they serve a purpose and that … Continue reading →

I’m that turd in the punch bowl, being frank and honest which makes some people very uncomfortable. Over the last 10 years, the 401(k) industry deserves much praise for doing a better job in terms of fees, transparency, education, and … Continue reading →