Category Archives: Retirement Plans

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

The consolidation in the retirement plan industry continues as World Insurance Associates acquired Pensionmark. Pensionmark has more than $80 billion in assets. Pensionmark has been serving its employer and individual investor clients via its network of 300+ top retirement plan … Continue reading →

While the Biden-led Department of Labor (DOL) has given the green light for environmental, social, and governance (ESG) funds within 401(k) plans, I don’t get the push. The push isn’t from many plan sponsors and I don’t see many plan … Continue reading →

Costco has reached a settlement that will see them pay $5.1 million to resolve allegations that it committed fiduciary breaches within their 401(k) plan. A participant in the Costco 401(k) Retirement Plan filed a lawsuit against Costco by claiming the … Continue reading →

The auditing business for retirement plans has been cleaned up over the years, and quite a few auditors who have no business conducting audits were moved aside by the Department of Labor (DOL), and further changes for the 2021 plan … Continue reading →

When I grew up, we had one type of Cheerios and when they added Honey Nut Cheerios, we had two. I think if you go to the grocery shelves, you may have 20 today. This was General Mills appealing to … Continue reading →

My latest newsletter can be found here.

In the movie Casino, Robert DeNiro as Sam Rothstein wanted to take on the Nevada Gaming Board after they denied his request for his license. Andy Stone, a Teamster controlled by the Mafia and played by Alan King told him … Continue reading →

I served almost 10 years as an ERISA attorney for two third-party administration (TPAs) firms. A good chunk of my time was putting out fires, caused by my untrained plan administrators. So unlike some ERISA attorneys who know no life … Continue reading →

We can certainly our disagreements politically, but I always believe that when given a choice people don’t want to deal with a government-run retirement offering. So when it comes to mandated IRA programs by states for employers that don’t offer … Continue reading →