Category Archives: Retirement Plans

Non-ERISA 403(b) plans are the last stand for poorly run, highly expensive retirement plans. It is still the wild, wild West because, without ERISA coverage, there is no Department of Labor support in fee disclosures and avoiding other abuses. Thanks … Continue reading →

Goldman Sachs has been sued for the alleged “unlawful” management of its company 401(k) plan for using their in-house actively managed proprietary mutual funds. A participant in the $7.5 billion 401(k) plan sued Goldman Sachs, claiming the firm breached its … Continue reading →

As far as an industry watchdog group, let’s just say that the American Retirement Association (ARA) does its job. Regardless of party affiliation, the ARA takes on politicians with proposals that are harmful to the retirement plan industry and plan … Continue reading →

As I’m sure you heard, the Internal Revenue Service released their 2020 Cost of Limit Adjustment limits for qualified plans and individual retirement accounts. The salary deferral limit for participants in 401(k), 403(b), most 457 plans, and the federal government’s … Continue reading →

In communications with other plan providers, clients, and potential clients, you have to be clear. There isn’t much room for miscommunication. When dealing with clients, miscommunications can lead plan sponsors to some huge mistakes. Everything you write or say must … Continue reading →

Correcting your late deferrals by depositing them and making a contribution to make up for lost earnings in your 401(k) plan isn’t enough. Why? Well, Form 5500 requires you to truthfully answer whether you have late deferrals. If you answer … Continue reading →

If you have a safe harbor 401(k) plan or plan on adding that provision to your plan, keep in mind that you must hand out notices to plan participants before December 1. It’s an excellent provision and the last thing … Continue reading →

People complain a lot about life these days, but one fun fact is that people are living longer than they did just 20 years ago. Thankfully, the Internal revenue Service (IRS) noticed too. The IRS has proposed a new rule … Continue reading →

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

There are so many times in business where you may craft the greatest idea out there that will make people money that they’d accept, but they still won’t. When I was at that semi-prestigious law firm, they had a rule … Continue reading →