Category Archives: Retirement Plans

I am a proponent of multiple employer plans (MEPs) and the new change that will allow pooled employer plans (PEPs) that will be what we called an Open MEP in 2021. As discussed in other posts, the PEP change doesn’t … Continue reading →

Sears and Macys announced some massive store closings. The department store has been a business that has been dying for 50 years. Ever since the shopping mall, growth of discount retailers such as Wal Mart and Target, and shopping on … Continue reading →

In the movie Casino, Robert Deniro’s character Lefty Rosenthal warns Joe Pesci’s character Nicky Santoro that his actions will get him into the Gaming Control Board’s “Black Book”, which means he would be banned from all casinos. Nicky doesn’t take … Continue reading →

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

Growing up, I was a pessimist. I don’t why, but I let any little thing get to me and I realized that being negative, scares people away. That’s why I recommend when dealing with potential clients, don’t harp on the … Continue reading →

One of the most forgotten parts of a 401(k) plan is the automatic rollover and who the automatic rollover provider is. I was going through a Department of Labor audit on a terminated plan and they asked me how the … Continue reading →

One of my favorite Yiddish words is schnorrer. While it means beggar or sponger, it’s essentially a cheapskate who wants to chisel you by getting something for nothing. There is nothing wrong with potential clients trying to get a bargain … Continue reading →

When fee disclosure regulations were implemented, there were a few industry chicken littles that suggested that the disclosures would be a race to zero and only the cheapest providers would win out. History has proven that while fees have gone … Continue reading →

Investment Company Institute conducted a study that shows that 56% of Defined Contribution plan participants agree that they probably wouldn’t save for retirement if they didn’t have a plan at work. What does that tell you as a plan sponsor … Continue reading →

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