Category Archives: Retirement Plans

There are essentially two types of people at any company: management and the employees. I always say that I would never hire an employee because I was one (which will change in a few weeks, stay tuned). One of the … Continue reading →

Retirement plans with more than 100 participants require a CPA audit for their Form 5500. However, small plans with less than 100 participants may sometimes require an audit. This often happens when more than 5% of the Plan’s assets are … Continue reading →

There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they’re not a mind reader. So when it comes to providing information to your TPA, you need to level with them. If you don’t … Continue reading →

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

The problem with the Coronavirus pandemic is that for every 4 medical experts, there seem to be 8 medical opinions.  They say the virus can be killed by heat, then they say it can’t. They say it can travel 6 … Continue reading →

LinkedIn notified me that it’s been 10 years since I started my own law practice in April 2010. It’s hard to believe it’s been 10 years, but it has been a wild ride, full of highs and lows and my … Continue reading →

The Internal Revenue Service (IRS) has increased the filing and payment relief provided under prior guidance. IRS Notice 2020-23 extends the due date for employee benefit plans required to make the Form 5500 series filings due on or after April … Continue reading →

With everything 401(k) related being online, cyber security is important for plan sponsors, plan providers, and plan participants. A former employee of Abbott Laboratories sued the company and its record keeper, Alight Solutions LLC, accusing plan fiduciaries and Alight of … Continue reading →

In the time of financial turmoil, one constant is that employers cut back on their employer contributions in the 401(k) plan they sponsor. Among 152 sponsors surveyed by the Plans Sponsor Council of America, almost 22 percent of 401(k) plan … Continue reading →

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