Monthly Archives: December 2020

It’s all compensation issues these days

It seems that with Voluntary Compliance Issues, it seems that at the top of the list are issues regarding plan compensation and conflict between practice and what the plan document says. The issue exists when the plan sponsor administers a … Continue reading

Posted in Retirement Plans | Leave a comment

If the DOL talks about cyber security, listen

People of my generation and older remember the old E.F. Hutton commercials. As a kid, I had no idea that it was a brokerage firm, but I knew that when an E.F. Hutton talked, people listened. When it comes to … Continue reading

Posted in Retirement Plans | Leave a comment

Coverage is a huge deal

When you look at the problems of retirement plans, one that gets short shrift is coverage and that is one of the pillars of qualified plans needed to be fulfilled in order to be a qualified plan. It’s a forgotten … Continue reading

Posted in Retirement Plans | Leave a comment

Plan Sponsors are Reactive, not Pro-Active

When I was at that semi-prestigious law firm many moons ago, I developed this plan review called the Retirement Plan Tune-Up. I’d look at the plan document, plan design, costs, the Fiduciary process, basically anything that the plan sponsor can … Continue reading

Posted in Retirement Plans | Leave a comment

You need leadership

For any presidential campaign, there usually is an ad about which candidate would you trust to handle the phone call in the wee hours of the morning. You want someone to answer the call instead of it just going to … Continue reading

Posted in Retirement Plans | Leave a comment

2019 showed record retirement plan savings

The Plan Sponsor Council of America’s Annual Survey shows that 2019 was a great year for retirement plan savings by participants. The survey showed record contribution and participation rates. Plan sponsors contributed an average of 5.3% of compensation to participants, … Continue reading

Posted in Retirement Plans | Leave a comment

DOL drops proxy rule

Retirement plan fiduciaries will be barred from casting corporate-shareholder proxy votes in favor of social or political positions that don’t advance the financial interests of retirement plan participants, under a new Department of Labor (DOL) final rule. These matters are often … Continue reading

Posted in Retirement Plans | Leave a comment

Curb Your Enthusiasm On These Annoying 401(k) Practices

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

Posted in Retirement Plans | Leave a comment

Advertising won’t fix it

Over the years, I worked with many organizations starting back with student political organizations and the school paper at Stony Brook. This includes actual businesses, civic and religious organizations. Many of these businesses and organizations thought that advertising was the … Continue reading

Posted in Retirement Plans | Leave a comment

You can still fail with a great idea

I’m a little frank. Sometimes people think they have great ideas and they’re really not. The problem is those with great ideas and fails with it. I worked with someone for a time concerning a great idea and they dragged … Continue reading

Posted in Retirement Plans | Leave a comment