Category Archives: Retirement Plans

Vestwell has raised $125 million in a Series D fundraising round led by Lightspeed Venture Partners. The funding will also go toward expanding Vestwell’s work on state-savings-program initiatives while creating other savings programs for partners, employers, and savers using Vestwell … Continue reading →

If there is one thing that over time, I’ve realized that people have a problem with the truth. I probably knew it from a certain time, probably college, that even opinions based on truthful facts can be a dangerous thing … Continue reading →

When I used to write the annual article that Paychex and ADP were lousy third-party administrators, I would get a nasty retort from people who worked there. It’s not personal, it’s business, and my experience with these payroll providers as … Continue reading →

When I worked for third-party administrators (TPAs), nothing hurt prospecting more than a down stock market. Common sense would dictate that this might be the best time to prospect plan sponsors, but plan sponsors shut off discussions when they see … Continue reading →

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

Our latest article for JDSupra.com can be found here.

The Carson Group is adding Oakeson Steiner Wealth & Retirement to its network of more than 140 registered investment advisory firms. Hastings, Nebraska-based Oakeson Steiner provides financial planning, overseeing a total of $1.2 billion in client assets. The firm was … Continue reading →

The idea of the prop up, and my issues with it, probably started around the 5th grade at Rabbi Harry Halpern Day School. Dr. Rohn got on the loudspeaker and announced that starting that morning, we would get a new, … Continue reading →

Schwab’s Q3 2023 SDBA Indicators Report, a report on self directed brokerage accounts (SDBAs) shows that average account balances finished at $287,769 for the third quarter of 2023, with an increase of 5.3% year-over-year but down 9.2% from $316,826 in … Continue reading →

KeyBank Institutional Advisors (IA) announced the launch of a new pooled employer plan for 401(k) plans that will be effective January 1, 2024. KeyBank IA will serve as the ERISA 3(38)-investment manager. Transamerica will serve as the recordkeeper, and Pentegra … Continue reading →