Category Archives: Retirement Plans

They started the do it yourself craze for home improvement, perhaps they can do the same for 401(k) plans. The Home Depot, which has a $3.7 billion 401(k) plan, has shrunk their plan administrative expenses in half over the last … Continue reading →

I will say it again, I think the offering of an ERISA §(3)(38) fiduciary service is one of the nice developments in the retirement plan business. While the “investment manager” definition has been in ERISA since the beginning of time, … Continue reading →

My latest JDSupra.com article can be found here.

People can promise you the moon, but they may deliver far less. That is why despite the promises made by your plan providers; you should always read their contract to determine whether they are actually delivering you what they promised. … Continue reading →

Thanks to the fee disclosure regulations of Section 408(b)(2) and 404(a)(5), all of us in the retirement plan industry are a little fee-centric or fee-aphobic (depending on your role in the business). The question I get a lot from a … Continue reading →

The third party administration (TPA) business is the Rodney Dangerfield of the retirement plan industry, they don’t get any respect. TPAs do the bulk of the work and get all of the blame if things go bad and none of … Continue reading →

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

When it comes to my law practice, I have an open phone call policy. I entertain phone calls from financial advisors and TPAs around the country and try to help them by answering questions regarding their current clients or potential … Continue reading →

For some reason whenever I hear there is an appearance by a Department of Labor official at an American Society of Pension Professionals and Actuaries (ASPPA), I think of Charlton Heston coming down as Moses with the Ten Commandments. I … Continue reading →

When it comes to the fee disclosure regulations, I was always troubled by the frequent delays by the Department of Labor in implementing the Section 408(b)(2) fee disclosure regulations. Many plan providers and retirement industry trade groups wanted the delay … Continue reading →