Category Archives: Retirement Plans

I was against Automatic Enrollment before I was for it. When it finally became part of the Internal Revenue Code, plan sponsors got liability protection through using the QDIA. While I like that plan sponsors under SECURE 2.0 will have … Continue reading →

Wealth Enhancement Group, a wealth management firm with more than $94.7 billion in client assets, acquired FinTrust Capital Advisors LLC, which has more than $2.39 billion in client assets. FinTrust Capital Advisors is registered investment advisory headquartered in Greenville, South Carolina, with additional office … Continue reading →

A research paper from the Wharton Pension Research Council states that 401(k) contributions are “remarkably stable” after loans and hardship withdrawals. Quite honestly, I always saw loans as a non-issue since it would be a participant-directed investment and the issue … Continue reading →

A long-time advisor-client called with a chuckle that both he and I were right and a partner at a law firm admitted that we were. I said it’s better to be right than wrong, but too many providers out there … Continue reading →

Company A wants to buy Company B and everyone wants to terminate Company B’s 401(k) Plan. In an ideal world, this should be done before the closing date of the deal. If A has a plan and wants to terminate … Continue reading →

For those aged 55-64 the average 401(k) account balance is $244,750. The median account balance is $87,571. No matter the occupation, that amount of money isn’t enough for retirement. It shows that no matter, we still have a retirement crisis … Continue reading →

Nvidia Corp. has reached a proposed settlement with former participants of the company’s 401(k) plan over claims that they were forced to pay exorbitant administrative fees The participants had claimed that the size of Nvidia’s 401(k) plan should have entitled … Continue reading →

Walgreens announced the launch of its Student Loan 401(k) Match Program, a benefit for student loan borrowers who are 401(k) participants that were made available by the SECURE 2.0 Act of 2022. The benefit will be available to plan partcipants … Continue reading →

It’s all friendly between the plan sponsor and the Third-Party Administrator (TPA) until the plan sponsor wants to make a change. Then it could get nasty when the TPA wants to be compensated for doing work for the reconversion process. … Continue reading →

We have a Pooled Employer Plan (PEP) for so many things, so a Pot PEP seems OK. The North American Companies Council (NACC), a 501(c)(6) not-for-profit in the cannabis industry started offering a 401(k) Pooled Employer Plan (PEP) to its … Continue reading →