Author Archives: admin

Concrete manufacturer sued by the DOL for failure to make loan repayments and matching contributions

The Department of Labor (DOL) has sued New Jersey concrete manufacturer Di Ferraro Inc. for failure to remit participant deferrals for loan repayments and failed to make promised employer matching contributions to its 401(k) in U.S. District Court for the … Continue reading

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Employees would stay for a retirement plan

I have often said that a retirement plan is an important employee retention tool. The numbers prove me right. According to a new study from Voya, 71% of employed Americans say they’re more likely to stay with their current employer … Continue reading

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Plan providers should charge direct fees

For my first year of law school, I had a renowned criminal law professor. He had a penchant for ties and an odd love for Melrose Place (I was a Dallas guy myself). For his final law exam, the fact … Continue reading

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Money Purchase Plans are still a thing

When it comes to technology, people cling on to some old technology because of their fondness for it either because it represents their youth or because they don’t want to change with the times. I laugh at how many new … Continue reading

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Being A Better 401(k) Plan Provider Is Possible

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

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Criticism is fine

When I was at law school at American University Washington College of Law, I was the Executive Editor of The American Jurist, which was the student news magazine for my final year of law school. I wasn’t a particularly fond … Continue reading

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The dentist is in

About 20 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

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I dislike self-certification for hardship distributions

As Stone Cold Steve Austin said once: “Don’t trust anyone.” I’m not that severe in thought, but I do have a mistrust of people. That’s perhaps why I take issue with allowing participants to self-certify that they are entitled to … Continue reading

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CBIZ buys TPA

CBIZ, Inc. announced that it has acquired American Pension Advisors, Ltd. American Pension Advisors provides retirement plan consulting and administration assisting more than 1,200 clients in the design, implementation, and administration of all types of retirement plans including 401(k), 403(b), … Continue reading

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Survey shows advisors avoid rollovers

A new finding from Pontera shows that financial advisors prefer 401(k)s over individual retirement account (IRA) rollovers. Pontera’s survey shows that 59% of surveyed advisors chose not to roll over a client’s 401(k) into an IRA or another account due … Continue reading

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