Author Archives: admin

If you own a business, expanding by buying a competitor goes a long way. Mergers and acquisitions are a huge part of growing a business. The problem with corporate transactions is dealing with the retirement plan for the company you’re … Continue reading →

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surprised how many people pay $20 to get a warranty on a $100 Blu-Ray player. When Best Buy was going national, they advertised how … Continue reading →

A small plan received an audit inquiry from the Internal Revenue Service (IRS). Upon further review, it appears that the plan didn’t have an ERISA bond and admitted under penalties of perjury, that they didn’t. I assure you that the … Continue reading →

They say a participant needs about $1.8 million for retirement savings, to live comfortably. The only problem is that the average worker between the ages of 55 and 64 has $207,874 in their 401(k) account. As an industry, we are … Continue reading →

According to a survey by my friends at Paychex Inc., less than half (37.6%) of U.S. employers offer a retirement plan. That figure considers all businesses in the U.S. That is a low number and that is why I consistently … Continue reading →

The recent news about RiversEdge, the Third-Party Administrator (TPA) accused of stealing plan assets is alarming, but not new. People and providers with access to plan assets can easily steal. The problem is that it’s one of the dumbest crimes … 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 →

We live in a day and age where information is at our fingertips. Anything we want to know is just a Google search away. Yet many companies interested in starting a 401(k) plan are unaware of the tax credits offered … Continue reading →

A recent study showed that student loan debt has a negative impact on deferral rates and 401(k) account balances. Of course, that’s obvious. Some student loans that students take out, resemble the size of my mortgage that I just paid … Continue reading →

Ascensus and American Funds have finally brought their pooled employer plan (PEP) to market. The Ascensus | American Funds Pooled Employer Plan is available to plan sponsors and advisers, featuring an open architecture plan menu designed by investment advisory Wilshire … Continue reading →