Category Archives: Retirement Plans

My latest newsletter can be found here.

It was in “This is Spinal Tap” where I heard the line how there was such a fine line between stupid and clever. When it comes to protecting retirement plans, I always say KISS, the acronym for “keep it simple … Continue reading →

As summer turns to fall, it’s important for you as a 401(k) plan sponsor to use this time to consider what changes you may need for 2021. Whether it’s a change of plan provisions for eligibility or contributions, it’s the … Continue reading →

The law firm I started 10 years ago is actually more than 20 years old as it was a shell where I could offer legal services on the side while I did my normal day job. It was an experiment … Continue reading →

I once referred a 401(k) plan to an advisor. He did a terrible job and there were issues regarding his ability to do the work. Making a lousy referral is even worse than doing poor work of your own because … Continue reading →

I like choice and I like the idea that there is something called Pooled Employer Plans (PEPs) in 2021 because I always liked the idea of Open Multiple Employer Plans (MEPs). Another great aspect of it is the discussion and … Continue reading →

If you look at the stock market, you wouldn’t know unemployment is 10% and that 180,000 Americans died. Small and medium-sized businesses have born the brunt of the closings mandate by state governments around the country, while the Wal Marts, … Continue reading →

A new report from the Government Accountability Office looks at the barriers that participants and their former spouse face when seeking to obtain a Qualified Domestic Relations Order (QDRO). In a report, the GAO examined what is known about the … Continue reading →

I always talk about how plan sponsors need to work with experienced financial advisors, third party administration (TPA) firms, and ERISA attorneys on their plan needs. Like with reasonable fees, I believe that the term “experienced” is vague. Experience doesn’t … Continue reading →

As I have stated before, I am loath to hire employees because I was an employee once too. That pretty much means that I never met an employee who thought they were overpaid. For that matter, I never met an … Continue reading →