Author Archives: admin

I got an urgent phone call on Friday at 5 pm from a plan sponsor with a unique situation. They talked about terminating their 401(k) plan to their third-party administrator (TPA) and the TPA canceled access to their plan. Reminds … Continue reading →

The U.S. District Court for the District of Maryland ordered engineering firm Bicallis LLC and its owner, Bryan Hill, to restore missing contributions to the Bicallis LLC 401(k) Plan. The court order followed an investigation by the Department of Labor’s … Continue reading →

Labor economist and TikTok creator Kathryn Anne Edwards, in a recent webinar, claimed that 401(k) plans alone are failing to solve the retirement crisis in America and that the federal government needs to take a more active role in providing … Continue reading →

Washington Governor Jay Inslee signed into law, Washington Saves, a state auto-IRA program, to provide coverage for private sector employees. The program will launch by January 1, 2027. Washington Saves will be an automatic-enrollment individual retirement account program. Covered participants … Continue reading →

When it comes to 401(k) litigation, it seems that the flavor of the month is suing large 401(k) plans over their forfeiture provision. Mattel is the latest defendant. The plaintiff in the Mattel case has accused plan executives of using … Continue reading →

14 years ago, I had enough. I was tired of working for other people because I wanted to bet on myself and not being told no, even by my wife (who didn’t think going on my own was smart). Before … Continue reading →

I always say that picking a plan provider just on price is a bad idea and I will say that picking a provider just on your years of experience is another folly. I have 25 years of experience and when … Continue reading →

Third-Party Administrator (TPA) Definiti LLC announced a program for financial advisers who have 401(k) books of business, that will offer access to proprietary retirement plan resources, reports, and a dedicated account manager to help them manage plan sponsor clients. The … Continue reading →

About 25 years ago, there was a medical report that dental plaque could cause heart disease. The cynic in me tells me that this was some sort of dental conspiracy to increase revenue as fluoridated water and other dental hygiene … Continue reading →

CNN.com had an article on the best 401(k) plan providers which I found on a Google search for 401(k) plans. All I can say is this was a list developed by someone who never sponsored a 401(k) plan or worked … Continue reading →