Category Archives: Retirement Plans

Every time I’ve spoken to other plan providers about certain things they are working on, all I later see are missed opportunities. There are no sure things in this business, there are opportunities. Even when you have a signed contract … Continue reading →

I sound like a broken record, but I won’t stop until 401(k) plan sponsors understand the issue of a late Form 5500 and Internal Revenue Service (IRS) and Department of Labor (DOL) penalties. If you are late with filing a … Continue reading →

Schlichter Bogard, LLC represents participants of the $7 billion Charter Communications, Inc. 401(k) Savings Plan in a class action against Charter Communications, Inc. The suit claims that rather than using the Plan’s forfeiture assets to pay all Plan administrative expenses, … Continue reading →

As a 401(k) plan sponsor, you need to operate according to its terms. The concept is silly, but the fact is that most plan sponsors never read the plan document. You might think you’re excluding or including union employees, and … Continue reading →

Vanguard announced expense ratio reductions to 168 mutual fund and exchange-traded share classes across 87 funds. The reductions will save investors more than $350 million in 2025 alone, the largest annual expense ratio reduction in Vanguard’s nearly 50-year history. In … Continue reading →

The Department of Labor (DOL) has released Field Assistance Bulletin 2025-01 (the Bulletin), allowing ERISA fiduciaries to transfer retirement balances of under $1,000 to a state unclaimed property fund. The Bulletin describes a DOL nonenforcement policy for fiduciaries that decide … Continue reading →

Imagine if Mark Zuckerberg hatched the idea for Facebook, yet all he did was talk about the site instead of developing it. Imagine if Jeff Bezos talked for a year or two about selling books on the Internet instead of … Continue reading →

With the change of Presidential administrations, there was certainly a discussion on what the Department of Labor (DOL) may do under President Trump regarding 401(k) plans. As far as regulations, an Executive Order may halt any significant change. Under a … Continue reading →

George Carlin had a joke that to get off a jury, you should just tell the Judge that you can determine a person is guilty by just looking at them. Abernathy Daley 401(k) Consultants claim that 84 percent of U.S.-based … Continue reading →

Equitable has introduced Equitable Retirement Access, the company’s 401(k) Pooled Employer Plan (PEP). The Equitable Retirement Access plan will include the following providers: • PlanConnect LLC, an affiliate of Equitable, serves as the recordkeeper • Pension Plan Specialists will act … Continue reading →