Category Archives: Retirement Plans

In any service industry, the quality of service and price can be far and wide. While people say that I focus way too much on the workings on the third-party administration (TPA) business, I have more experience in that field … Continue reading →

As an ERISA attorney, I get asked to review new retirement plan tools and plan provider marketing tools. If the product is crap or a complete copy of what is already out there, I’m not going to recommend it. WealthPRIME … Continue reading →

Northrop Grumman Corp. agreed on a tentative settlement regarding their 401(k) plan by offering to pay $12.4 million. The plaintiffs in the case accused the company and its fiduciaries of allowing “unreasonable” record-keeping fees. They contended that the fiduciaries failed … Continue reading →

The Internal Revenue Service (IRS) has established a process that requires all retirement plan sponsor who have adopted a pre-approved retirement plan to restate their plans once every six years to reflect changes in the Internal Revenue Code and IRS … Continue reading →

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

A report by Cerulli on the future of the retirement plan business had a startling number. The report showed estimates that the 10 largest recordkeepers will represent more than 75% of record kept 401(k) assets by year-end 2019. That’s a … Continue reading →

I have life insurance and it’s an important financial tool to protect your loved ones. I’ve never been a fan of maintaining a life insurance policy within a qualified plan and that bias against it is because of the compliance … Continue reading →

National Rural Electric Cooperative Association (NRECA) is a national service organization that represents more than 1,000 rural electric cooperatives around the United States. NRECA sponsors a 401(k) multiple employer plan (MEP) and is a target of a class-action lawsuit. The … Continue reading →

One aspect of the SECURE Act that many commentators failure to note is that it’s mor expensive to file a late Form 5500. The Internal Revenue Service (IRS) penalty before the SECURE Act was $25 a day, up to a … Continue reading →

The non-ERISA §403(b) space is the last bastion of high, hidden costs in retirement plans. That’s the problem when a plan isn’t covered under ERISA and the fee disclosure regulations. So when it comes to 403(b) plans for teachers, the … Continue reading →