Category Archives: Retirement Plans

A financial advisor called me and asked me if there was a problem that an insurance policy paid by a 401(k) plan had the policy in the name of the participant. Considering it was a plan asset, I thought so. … Continue reading →

I always say that picking a plan provider just on price is a bad idea and I will say that picking a provider just on your years of experience is another folly. I have 26 years of experience and when … Continue reading →

The Department of Labor announced that its Employee Benefits Security Administration has updated its Voluntary Fiduciary Compliance Program, allowing employers more efficient ways to voluntarily correct compliance issues in retirement, health, and other employee benefit plans. The biggest change is … Continue reading →

That 401(k) National Virtual Conference had its 5th edition on January 30-31. Over 110 people signed up for a free event with over 8 hours pf programming. A wide variety of presenters broadcast worthwhile content to plan providers, as well … Continue reading →

There is this scene in Donnie Brasco when the crew has to make their take for the week and they try to hammer a New York City parking meter for the coins. This reminds me of certain ERISA litigators looking … Continue reading →

When I started my law practice almost 15 years ago, I started to look at what the competition was doing and I decided to do things differently. Other ERISA attorneys charge by the hour, they charge for every phone call, … Continue reading →

I’m a long-suffering fan of the Mets and, I’ve had to deal with the underwhelming leadership of several former Mets managers. It seems we may have a winner with Carlos Mendoza. The point is that when hiring employees, hire the … Continue reading →

A Texas federal district court ruled that American Airlines breached its fiduciary duty of loyalty, but not its fiduciary duty of prudence, in allowing its $26 billion 401(k) plan to be influenced by environmental, social, and governance (“ESG”) policies unrelated … Continue reading →

Transamerica announced a brand revamp. According to Transamerica, these changes include an update to their logo, which will start to feature the Transamerica Pyramid Center rising from a horizon, along with changes to their visual language. The brand’s typography will … Continue reading →

John Hancock has launched FutureStep, an open-architecture retirement plan offering powered by Vestwell. The firm’s existing plan lineup is set to launch in the early 2025s. The FutureStep interface is designed to facilitate interactions between advisers, employers, and participants. FutureStep … Continue reading →