Category Archives: Retirement Plans

To avoid headaches, I just think it’s important to prune former employees from the list of participants with an active balance. As I always say, a former employee is always going to complain a lot more than a current employee. … Continue reading →

As a plan fiduciary for hundreds of millions of dollars and with a lot of ERISA knowledge, I can see things a mile away. One of the plan providers that work on one of my plans showed me a litany … Continue reading →

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

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

Johnnie Cochran could have been an ERISA attorney. The man who claimed: “if it doesn’t fit, you must acquit” would have made a great ERISA attorney because he would tell his clients that a retirement plan must fit like a … Continue reading →

At least 11 companies, including Booz Allen Hamilton Inc., Citigroup Inc., and Microsoft Corp., have been named in a series of lawsuits going after a target-date index suite that is managed by BlackRock Inc. A big part of the lawsuits … Continue reading →

Revising 1975 issued guidance, the Department of Labor released Interpretive Bulletin 2022-01, which updates the “independence” requirement for accountants who audit employee benefit plans under section 103(a)(3)(A) of the Employee Retirement Income Security Act. The Bulletin revises and restates the … Continue reading →

A federal appellate court says that the Labor Department is allowed to pursue its inquiry into the cybersecurity practices at a large recordkeeper. Judge Michael B. Brennan of the U.S. Court of Appeals for the Seventh Circuit says that the … Continue reading →

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

When I started in the retirement plan business, the third-party administrator (TPA) related law firm I was working at was charging $2,000 a plan document. 24 years later in 2022, that’s still my going rate. While my real estate taxes … Continue reading →