Monthly Archives: November 2015

DOL slightly opens the door for Open MEPs

I was always a fan of “open” multiple employer plans (MEPs) because it allowed smaller companies to get better pricing on plan expenses and choice of investments and providers by aggregating with smaller, similar plans. The Department of Labor (DOL) … Continue reading

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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The Bad Bet of Offering Self Directed Brokerage Accounts in 401(k) Plans

My latest JDSupra.com article can be found here.

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Fiduciary Liability Insurance is Worth It

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surprised how many people pay $20 to get a warranty on a $100 Blu-Ray player. When Best Buy was going national, they advertised how … Continue reading

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An Employer Guide On How To Set Up A Retirement Plan Committee

My latest JDSupra.com article can be found here.

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Avoid Hiring Plan Providers Because They Were “Juiced In”

Novant Health, Inc. is a non-profit hospital system based in North Carolina and they agreed to pay $32 million in a settlement regarding a participant lawsuit against their 401(k) plan. What’s so odd about the case is that it was … Continue reading

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How to Deal with Employees

I always say that the main reason that I don’t want to have employees is because I was an employee once too. The union lawyers I worked with just didn’t understand the whole dynamic of the employer-employee relationship. They only … Continue reading

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Retirement Plan Features That Are Going Obsolete

My latest JDSupra.com article can be found here.

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Communication is everything

I get along with people for the most part because I make the effort. It’s also a lot  easier to function in the retirement plan business when you have more friends than enemies. Unfortunately, there has been a number of … Continue reading

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Safe Harbor 401(k) Plan and Non-Safe Harbor Contributions

The safe harbor notice deadline for calendar year 401(k) plans is coming December 1. This notice requirement is one of the requirements for a plan to be a safe harbor, in addition to the fully vested contribution that gives 401(k) … Continue reading

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