Category Archives: Retirement Plans

I hear a lot of ideas about retirement plans and a lot of them aren’t very good. I also get propositioned about services that are unnecessary and too expensive. Yet, when I hear something good and think it’s appropriate for … Continue reading →

As we have a continuing consolidation of the retirement plan business, the big get bigger. HUB International Limited has acquired Louisville, Kentucky-based Taylor Advisors, Inc. Taylor Advisors specializes in financial consulting and investment advisory services for financial institutions.

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

Advisors ask me all the time about the role of education in participant-directed 401(k) plans. Participant-directed 401(k) plans that are governed under ERISA §404(c) offer the plan sponsors liability protection based on a participant’s gains or losses on their account … Continue reading →

We’ve had pooled employer plans (PEP) since January 1, 2021, and. with the weekly press releases on new PEPs, I’m just wondering how many PEPs are already dead. Building a successful PEP will require distribution, dedication, and time. A press … Continue reading →

Former employees have sued Ricoh USA, alleging breaches of fiduciary duty under ERISA. It’s alleged that Ricoh failed to review the plan’s investment portfolio to ensure investment options were not expensive. Additionally, the complaint alleges that the plan sponsor failed … Continue reading →

Wells Fargo & Co. said the Labor Department and other federal agencies are looking at its 401(k) plan. In a filing, the banks stated that the agencies are “reviewing certain transactions associated with the employee stock ownership plan feature of … Continue reading →

Coca-Cola Consolidated has settled an Employee Retirement Income Security Act lawsuit filed against the company for its 401(k) plan. The settlement includes $3.5 million that will be paid to the participants who were a part of the class action. lawsuit. … Continue reading →

The Internal Revenue Service has released proposed regulations that would restate the required minimum distribution (RMD) rules to incorporate changes made by the SECURE Act. Those changes include the increased the age for determining an individual’s required beginning date to … Continue reading →

A plan provider once asked me if I had written a full-blown article on why trustee directed 401(k) plans are better than participant-directed plans. I haven’t even if I believed in it (which I do), but it’s not going to … Continue reading →