Author Archives: admin

Modern Wealth Management acquired Beltz Ianni & Associates’ advisory business and their third-party plan administration services, Enhanced Retirement Solutions, which will be rebranded to Modern Wealth Business. The move is the 6th acquisition for Modern Wealth since its founding in … Continue reading →

The Department of Labor (DOL) has sued Paul Palguta, the owner of RiversEdge Advanced Retirement Solutions LLC, a third-party administrator for embezzlement of plan assets. RiversEdge’s retirement plan clients had agreements with the TPA, allowing Palguta and RiversEdge to execute … Continue reading →

Hub Retirement and Private Wealth, a division of Hub International Ltd., announced the launch of HUB Retirement Select PEP, a pooled employer plan (PEP) designed for theiur clients with less than 100 employees seeking to offer 401(k) retirement plans. Sallus … Continue reading →

The rules are the rules and I believe that rules should be consistent and rational. The Internal Revenue Service (IRS) disagrees with that notion when it comes to automatic enrollment and merged plans into MEPs and PEPs. SECURE 2.0 requires … Continue reading →

Bank of America’s research found that 401(k) account balances rose 15% to an average of $86,280 in 2023 because of higher contributions and a strong stock market. Bank of America’s Retirement and Personal Wealth Solutions conducted their research information on … Continue reading →

The Department of Labor was issued an emergency temporary restraining order (TRO) by the U.S. District Court for the Western District of Pennsylvania against RiversEdge Advanced Retirement Solutions LLC, and owner Paul Palguta. According to the DOL, RiversEdge is a … Continue reading →

According to PlanSponsor, LVMH, News Corp., Sephora and Walt Disney Co. are among the large employers, that have tapped Fidelity to offer their 401(k) plan participants a student loan debt repayment matching benefit. This is no surprise. Large employers can … Continue reading →

As I write this, the greatest investment I’ve ever owned, Bitcoin is over $65,000 a coin. Until the Department of Labor (DOL) says yes, it has no space in a 401(k) plan. The DOL’s reservations and concerns are clear, but … Continue reading →

The Department of Labor (DOL) should be finalizing its proposed update to the Voluntary Fiduciary Correction Program in “the next few months,” according to a representative of the Employee Benefit Security Administration (EBSA). The DOL previously proposed last fall, to … Continue reading →

Thalidomide was supposed to be the wonder drug that helped women manage morning sickness until they discovered it caused birth defects. Asbestos was supposed to be the ultimate fire-resistant material that was later found to cause mesothelioma when produced or … Continue reading →