Author Archives: admin

My latest article for JDSupra can be found here.

Employee Fiduciary, announced the launch of its Small Business 401(k) Tax Credit Calculator. This tool is specifically designed to help small businesses calculate their potential savings and estimate their 401(k) plan costs by leveraging new SECURE 2.0 tax credits. SECURE … Continue reading →

Inflation is causing pain in the pocketbook and hardship distributions show that. Fidelity found that 2.4 percent of 22 million people with retirement accounts in its system took hardship withdrawals in the final quarter of 2022, up half a percentage … Continue reading →

The Department of Labor (DOL) is contesting a lawsuit filed by a coalition of 25 state attorneys general that challenged its 2022 ESG regulation. The lawsuit claims that the 2022 Rule “undermines key protections for retirement savings of 152 million … Continue reading →

Cetera is acquiring The Retirement Planning Group (TRPG), a registered investment advisory (RIA) firm that has $1.4 billion in assets. Leadwood, Kansas-based TRPG provides tax solutions and payroll and bookkeeping services to 1,825 high-net-worth individual investors, families, and retirees, and … Continue reading →

Vermont is one of the latest states providing a state-run plan for private-sector employees whose employers are not covered under a workplace retirement plan. Gov. Phil Scott (R) has signed into law that called for the creation of VTSaves. VTSaves … Continue reading →

Years ago, any volume submitter plan or non-standardized prototype plan would apply for its own determination letter from the Internal Revenue Service (IRS). Then one day, the IRS tried to cut back on their agent’s workload and said that line-by-line … Continue reading →

The idea for buying a nice home is that you would be friendly with neighbors. That really has not panned out. I have a neighbor next door who holds loud parties on Saturdays without giving me a head’s up. Parties … Continue reading →

When I started my own law practice in 2010, I did some small business networking and I realized there was a cottage industry of people who wanted to separate my money from my wallet. They would try to sell me … Continue reading →

Perhaps it is a result of the terrible economy for the last few years or perhaps more supervision by the Department of Labor, but I have seen a large uptick in owners of businesses stealing plan assets from retirement plans. … Continue reading →