Category Archives: Retirement Plans

We’ve been conditioned in life that everything is about results. I know from law school the hard way how much that first job relied so much on what grades I got. Businesses are so concerned with the bottom line and … Continue reading →

A few weeks back, I published a blog post on some third-party administrators (TPAs) are not really in the administration business but are in the business of selling insurance and assets. So I used some examples from my past and … Continue reading →

Six years ago, the Department of Labor (DOL) pretty much killed off what we called Open Multiple Employer Plans (MEPs) by saying that MEPs, where there was no commonality between adopting employers, wouldn’t be considered a single plan for ERISA … Continue reading →

I was in college and a political friend guaranteed that if we formed a political party to take over the student government, we all would win. We lost because we didn’t know the lengths our opponents would take to beat … Continue reading →

Sears isn’t dead yet, but it’s a matter of time. It was amusing when the leadership at Sears suggested that its pension plan obligations was the source of their fiscal issues, not the fact that Eddie Lampert has been running … Continue reading →

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

When I look at plan errors, one major area of a plan keeps coming up: compensation issues. Compensation issues deal with the definition of Compensation in the plan as well as when salary deferrals are dealt with in the plan. … Continue reading →

I always believe that the two worst things that you can give people are false praise and false hope. As a plan sponsor, you need a plan provider that is not afraid to tell you the truth that something is … Continue reading →

I hate to do things last minute. I passed three different state bar exams and I never studied the day before.  So when it comes to being an ERISA attorney and/or ERISA §3(16) plan administrator for a few handfuls of … Continue reading →

I have always been concerned about the use of proprietary funds, especially belong to mutual fund companies and their use in their own 401(k) plans because they’re ripe to be a target for a class action lawsuit. Fidelity should know … Continue reading →