Category Archives: Retirement Plans

Your third-party administrator (TPA) might contact you, regarding the coronavirus distribution that is free from the early distribution penalty added by the CARES Act. You have the right, whether to offer it or not. While the hardship distributions are limited … Continue reading →

The fact is that sometimes, bad things happen to good people. That can be said about retirement plans and the good plan sponsors and providers who do their job. No matter how great a job they do, the threat of … Continue reading →

Times are tough, I’m not going to sugarcoat it. Just this past week, two friends I know lost their fathers to COVID-19. As I write this, 10 million people have filed for unemployment. We don’t know how many people in … Continue reading →

Having experienced two meltdowns in the market in the past 22 years, I feel that this Coronavirus pandemic will have a greater negative impact on the retirement plan industry. Because unemployment rates could hover at a 20-25% clip. History has … Continue reading →

My latest newsletter for plan providers can be found here.

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

As the turd in the punch bowl as I affectionately call myself, I am a little too frank on what is going on in the 401(k) industry. The Coronavirus pandemic is something that hasn’t been seen in this country, probably … Continue reading →

With so many layoffs and furloughs thanks to the Coronavirus Pandemic, plan sponsors don’t have the cash that they did before. If you have plan sponsor clients with safe harbor 401(k) contribution, stated matching contributions, or required minimum funding contributions … Continue reading →

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act (the “Act”) into law with substantive retirement plan changes.  Among the changes: Distribution free from the early distribution penalty. Coronavirus-related distributions that … Continue reading →

In life, choice is usually 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 is usually a mistake. Offering … Continue reading →