Monthly Archives: September 2019

Know why you hired them

As a plan sponsor, you have a fiduciary duty to hire competent plan providers to handle your 401(k) plan. So as part of that duty, it’s important to identify who these providers are, how you hired them, and why. Why? … Continue reading

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Sometimes, the litigators want a piece of you

Many years ago, I represented a defined benefit plan sponsor being investigated by the Department of Labor (DOL). The DOL thought the plan sponsor had embezzled money from the plan because the deceased actuary never provided any valuation reports and … Continue reading

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More annuities in plans is a pause for concern

A growing number of U.S. employers are adding lifetime income solutions to their defined contribution (DC) retirement plans, according to the 2019 Lifetime Income Solutions Survey by Willis Towers Watson. While I know the marketplace and the Department of Labor … Continue reading

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401(k) Plan Sponsors: Let Your Providers Do Their Job

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

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IRS offers guidance on uncashed checks, but not really

In a recent revenue ruling, the IRS stated that if a participant or a beneficiary doesn’t cash a distribution check in the year it was issued, the individual still must include the amount in gross income for that year. Also, … Continue reading

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The problem with target date funds

I wasn’t a fan of target-date funds when the markets crashed in 2008 because there was no consistency of investment objectives and equity-fixed income mix between target-date funds for a specific year among different fund companies. People who thought a … Continue reading

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Advisors Advantage

My newsletter geared toward retirement plan providers can be found here.

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If you’re late with deferrals, it will probably happen again

People who are late are usually late most of the time. I’m usually always early for a meeting unless I severely misjudged traffic. I have a business partner who is almost always late, very rarely is he on time. So … Continue reading

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Some “Truths” About The Retirement Plan Business

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

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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