Author Archives: admin

The small business part of the 401(k) business is a bit tough, a recent survey shows that. A survey from Capital Group found that main reasons for small businesses not creating retirement plans were costs, complexity, and concerns about the … Continue reading →

I got a phone call from a broker who wanted to give me a free 401(k) analysis. I’m sure the call was from Form 5500 where I’m listed as a plan sponsor. The broker had no idea who I was … Continue reading →

United Airlines has filed a lawsuit over an alleged scheme with an advisory firm and a scheme to get loans through pilots’ self-directed brokerage window. United Airlines, Inc., United Airlines Retirement Plans Administrative Committee, and the United Airlines Pilot Retirement … Continue reading →

When a friend or family member asks for advice upon leaving a job, I always tell them to rollover their account to an Individual Retirement Account. Of course, I’m not an advisor trying to push product. I think any fiduciary … Continue reading →

If you have a retirement plan with more than 100 participants with account balances, you probably have a plan audit (if you have more than 120 participants, you do). Like with any plan providers, there a lot of great auditors … Continue reading →

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

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

One of the thankless parts of my job is dealing with plan sponsors with large issues and no sense of urgency in fixing them. The large issues, usually deal with a third-party administrator (TPA) that hasn’t done the work or … Continue reading →

I always believed that former employees were better off rolling out their 401(k) money into a rollover. I still do. When my wife changed jobs about a year ago, it was probably the first thing she did. Years ago, I … Continue reading →

Timing is everything and a new proposed fiduciary rule has bad timing. While I support changes to the current rule, a rule with about a year before the next Presidential election, means a rule that is proposed, but may not … Continue reading →