Category Archives: Retirement Plans

You must know about the shoemakers’ children and how they go barefoot and have no shoes. In the retirement plan industry, we have retirement plan providers and their employees’ retirement plans. I know, I have been there. The third-party administrator … Continue reading →

Mutual of Omaha Insurance Co. and its subsidiary United of Omaha has agreed to settle Mutual of Omaha’s 401(k) plan over allegations of self-dealing. The settlement involves a cash payment of $6.7 million as compensation to a class of participants. … Continue reading →

My latest newsletter for plan providers can be found here.

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

In life, giving people a wide variety of choices is a good thing. However, when it comes to daily valued 401(k) plans, too many choices isn’t a good thing. It sounds counter-intuitive, but too many choices offered to plan participants … Continue reading →

I always say that I come up with many ideas, but most of them are bad. Seriously, there are so many bad ideas out there in the 401(k) space and one of the really bad ideas out there are bundled … Continue reading →

I was a volunteer and officer for an organization where I stated that the leadership (not including me) was stuck in 1980. What it meant was that this leadership couldn’t adjust to the current age when it came to recruiting … Continue reading →

Third-party administrators (TPAs) are the most important plan provider that a 401(k) plan has and the biggest problem is those plan sponsors and many of their advisors don’t know that. That’s a huge problem because it can only hurt a … Continue reading →

With COVID and massive layoffs, we certainly have a partial termination problem to consider. If an employer has a turnover rate of 20% or more, that counts as a partial termination, and employers have to fully vest employees they’ve laid … Continue reading →

If you become big enough, you can get sued. That is the lesson I tell everyone when someone mentions to me when a large plan provider or a large plan gets sued. Jerry Schlicter’s law firms has targeted the Pentegra … Continue reading →