Category Archives: Retirement Plans

Several of the large bundled providers are offering free recordkeeping for parts of next year if plan sponsors switch over to them. It might be a gimmick, but it’s clever marketing. When they are large in the 401(k) business and … Continue reading →

When I first started as an ERISA attorney, I worked for a kind man named Harvey Berman in 1998, working for his law firm affiliated with his third-party administration firm. During Christmas time, he gave me a $300. That was … Continue reading →

The Miller Lite Ads did not inspire to drink beer, but the advertisements were comedy gems from Rodney Dangerfield, Billy Martin, John Madden, Red Auerbach, and a whole host of other sports celebrities (and writer Mickey Spillane for some reason). … Continue reading →

The Department of Labor (DOL) proposed a rule that set the registration requirements for a  pooled plan provider for pooled employer plans, known as PEPs. PEPs will be available starting Jan. 1. The SECURE Act stipulates that pooled plan providers … Continue reading →

The Department of Labor (DOL) released regulations that require retirement plan sponsors to attach on participants’ account statements an estimate of how much monthly income their accrued account balance would produce when they’re retired. Two-lifetime income illustrations would be required … Continue reading →

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I believe that in this business, there isn’t a one size fits all. That deals with 3(38) advisors, new comparability, safe harbor, and anything where there is a choice. It also deals with how you interact with clients, no two … Continue reading →

Environmental, Social, and Corporate Governance (ESG) funds are a hot potato item as the Department of Labor (DOL) is giving a pushback because their current belief is that returns on investment mean most. The problem I have with ESG funds … Continue reading →

As an ERISA attorney an ERISA 3(16) administrator, I’ve been asked by many clients, advisory firms, bundled providers, and third-party administrators. Many advisory firms want their own pooled employer plan (PEP) and I think they should think again. As someone … Continue reading →