Category Archives: Retirement Plans

The uniqueness of the §3(38) proposition is that the §3(38) fiduciary has discretionary authority, assuming the liability of the fiduciary process from the plan sponsor. It’s a nice proposition because many 401(k) plan sponsors don’t do a job of handling … Continue reading →

Being an ERISA attorney for a couple of third-party administration (TPA) firms when I first started helped me develop a sense of humor because there were too many people I was associated with who had absolutely zero training when it … Continue reading →

When you meet retirement plan sponsors just at different networking events and they find out that you’re a retirement plan provider, they may volunteer that their retirement plan is in perfect shape. As we know as retirement plan providers, they … Continue reading →

When fee disclosure regulations were implemented, there were a few industry chicken littles that suggested that the disclosures would be a race to zero and only the cheapest providers would win out. History has proven that while fees have gone … Continue reading →

A buddy of mine has been out of work for over a year. He’s a plan administrator who worked for several third-party administrators (TPAs) and he let me now that several changes were affecting a TPA I recommended he contact. … Continue reading →

For the past 12 years, fee disclosure has certainly helped you as a plan sponsor to understand the true cost of plan administration. That’s important because you have a fiduciary duty to only pay reasonable plan expenses. The problem is … Continue reading →

As discussed so many times in the past, I went to that crappy law firm and thought I could use social media to bring in clients. The managing attorney had so much disdain for it. She thought it was such … Continue reading →

Saw this in my junk folder, one of the worst follow-ups on an unsolicited sales pitch: “Hi Ary This may be my last email to you (or not.) Kinda sucks tbh because usually people respond. Either they hate me or … Continue reading →

Artificial Intelligence (AI) will help plan providers reduce cost. At least that’s what one article I read stated. Yet it will cost people their jobs. Just like with the assembly line, technological developments will lead to many people placed in … Continue reading →

The fewer assets you have in a 401(k) plan, the less support you get. I know that since I have a Solo 401(k) plan. You open a plan at the local custodial firm and you are left to die. So … Continue reading →