Category Archives: Retirement Plans

If there is one famous quote that’s landed me in trouble, it’s one from my favorite football coach Bill Parcells. Parcells was coaching the New England Patriots and he wasn’t getting along with the new owner Robert Kraft because Parcells … Continue reading →

People don’t like to be accountable for the most part. It’s just human nature to blame someone else. Heck, I used to do it at work and I still do it at home. When I was working at that law … Continue reading →

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I’m not very popular, never have been and never will be. It’s probably my personality or just not wanting to go with the flow, but I’m not a popular guy. Ask my family, ask my former bosses. While I won’t … Continue reading →

As a retirement plan provider, you need to understand where there is a conflict of interest if someone you know hires you. Whether it’s a family member, golf club, church, or bank where you serve as an advisory board member, … Continue reading →

Another thing that sets plan providers apart is the work ethic, whether they will do what’s needed to be done or do it as minimally as possible. If you’re working with a third-party administrator (TPA) and it’s their job to … Continue reading →

One of the most annoying parts of being an ERISA attorney is dealing with surrender charges for clients who want to escape an insurance provider before the contract is up. The administrator of the D.L. Markham, DDS, MSD, INC. 401(k) … Continue reading →

I love when studies on retirement plans state the obvious. According to researchers from Vanderbilt University; the University of Texas at Austin and the National Bureau of Economic Research (NBER); and the Board of Governors of the Federal Reserve System, … Continue reading →

The Internal Revenue Service (IRS) has announced increases to user fees for letter rulings and determinations with respect to employee plans. The increases will take effect on January 4, 2021. The IRS issued Rev Proc 2021-4, which will be effective … Continue reading →