Author Archives: admin

You know I’m not in favor of self-directed brokerage accounts (SDBAs), but they are still a thing. Average account balances among plan participants with SDBAs with Charles Schwab increased 6.6% to $298,543 during the first quarter of 2023 compared to … Continue reading →

As I always say, if you’re a retirement plan sponsor, you can be sued over anything, regardless of whether you are at fault or not. An American Airlines pilot is suing his employer in Texas Northern Federal District Court, claiming … Continue reading →

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

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

To pay for the tax savings implemented by SECURE 2.0, there was a huge tax revenue earner. Beginning in 2024, SECURE 2.0 significantly changes the rules for catch-up contributions. The law will require plans that permit catch-up contributions to accept … Continue reading →

If I have to say one sad thing about my experiences is that I try to get along with people and not fight, yet I get drawn into battles. As I get older, not as much. But sometimes you get … Continue reading →

When we had our inaugural Retirement Roundtable during That 401(k) National Virtual Conference last January, I would see some of the chat in the Zoom room among attendees. Some were annoyed at some of the SECURE 2.0 requirements that new … Continue reading →

The reason you have contracts is really to detail the deal that you have. While people think you need to have all contracts in writing, you don’t, but you have to protect yourself. Years ago, I had a big client, … Continue reading →

While there has been a push to allow 401(k) plan sponsors to offer retirement income solutions for participants, most plan sponsors aren’t interested in offering it. PGIM conducted a study that found that while seven out of 10 plan sponsors … Continue reading →

When I was 13 and I had my Bar Mitzvah, I plucked down about $2,000 in 1985 money for a state-of-the-art Apple IIe with a monochrome monitor. One of the first pieces of software I bought was that top desktop … Continue reading →