Category Archives: Retirement Plans

I always talk about my open-door policy with financial advisors and third party advisors where I will help these plan providers out without me actively seeking their business. I kind of have that liberty because it’s my law practice and … Continue reading →

The Secure Act created a new small employer automatic enrollment credit of up to $500 per year to employers to defray startup costs for new 401(k) plans and SIMPLE IRA plans that include automatic enrollment. The new credit applies to … Continue reading →

Under the SECURE Act, 401(k) plan sponsors will be required to have a dual eligibility requirement under which an employee must complete either a one-year-of-service requirement (with the 1,000-hour rule) or three consecutive years of service where the employee completes … Continue reading →

A little known proposal from the Joe Biden campaign concerning 401(k) plans is giving many in the industry pause for concern. The Biden proposal would replace the tax deduction that workers get when they contribute to their workplace retirement plan … Continue reading →

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

My latest newsletter for financial advisors can be found here.

The Securities and Exchange Commission is urging professionals to take extra steps to ensure the safety of investors’ assets. The SEC is encouraging firms to “review and make any necessary changes to their policies and procedures around disbursements to investors, … Continue reading →

When I was a kid, there were two varieties of Cheerios, one version of Listerine, and one type of Crest toothpaste. If you got to the supermarket these days, there are about a dozen varieties of Cheerios, more than a … Continue reading →

Finding things wrong with a 401(k) plan is very easy when a settlement in. a lawsuit has been reached. BTG International just settled a lawsuit where they are paying $560,000 in a settlement. The complaint stated that the 401(k) plan … Continue reading →

Putting your proprietary funds in a 401(k) plan makes you a target and if you don’t offer them, it gives you the impression you don’t like your products. McKinsey & Co. is shelling out $39.5 million to 33,000 people who … Continue reading →