Author Archives: admin

Collective Investment Trust investments were supposed to be a thing for 403(b) plans. It was in the legislation that predated SECURE 2.0, but it never made it into the law. There are proposed bills that allow it and I support … Continue reading →

OneAmerica Financial Partners Inc. announced a rebranding to OneAmerica Financial from simply OneAmerica. One America is trying to enhance its brand recognition and clarify its work in financial security, offering life insurance, retirement, employee benefits and long-term care solutions, according … Continue reading →

Thankfully, it’s been about 13 years since I’ve had a resume. It wasn’t a fun job and I never knew what people would ask for. I always thought objectives for resumes were silly, but people had them. Years ago, I … Continue reading →

For over 25 years, the involuntary cash-out limit was $5,000. Now, we have an increase. An increase that is optional, but you should enforce it as a plan sponsor. These mandatory cash-out distributions can be paid out without the consent … Continue reading →

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

The Internal Revenue Service (IRS) issued Notice 2024-22, which provided initial guidance on emergency savings accounts linked to 401(k) plans, which were established under the SECURE 2.0 Act. Effective for plan years beginning after December 31, 2023, it allows 401(k) … Continue reading →

I graduated from school in 1998. 2023 was the year that all my loans were paid off, loans that were just made for law school, and my one-year Tax LLM program. So I understand how terrible student loans can be. … Continue reading →

Fidelity is offering a new solution, that will allow employees to convert all or a portion of their retirement savings—from a 401(k), 403(b), or 457(b)—into an immediate income annuity. I will be honest, I will not recommend any of my … Continue reading →

The practice of forfeitures in 401(k) plans was to reallocate or reduce contributions. Then language allowed to pay for plan expenses. The litigation against large plan sponsors that have used forfeitures to reduce contributions has given me a chilling effect. … Continue reading →

Until they say otherwise, the Department of Labor (DOL) doesn’t want to see crypto in 401(k) plans. I think the door for Bitcoin in 401(k) plans opens a little bit because the ETFs will probably smooth over the volatility of … Continue reading →