Monthly Archives: March 2021

It is a well-known fact that I don’t like Target Date Funds (TDFs). It springs from the market meltdown in 2008-2009 when it was realized that during a bear market, certain 2015-2020 funds had a huge exposure to equity. Plus … Continue reading →

Failure to file Form 5500 is costly as the Department of Labor (DOL) and Internal Revenue Service (IRS) has jurisdiction over the form and can set forth separate penalties. For penalties assessed after January 15, 2021, the DOL per day penalty for … Continue reading →

When you’re big enough, you are a target for a 401(k)lawsuit. The American National Red Cross has become another target for its 401(k) plan. The lawsuit says the American Red Cross breached their fiduciary duties by (1) failing to review … Continue reading →

I like the idea of states enacting mandated employer State IRA programs, I just don’t like State Employer Mandated IRAs. It doesn’t make sense or does it. I like the idea of states requiring employers to provide retirement plan coverage … Continue reading →

If you start a retirement plan provider practice, it can be frustrating. Like I always say about things in my life, “If it wasn’t a struggle, it wasn’t any fun”. Building a retirement plan practice isn’t easy because a stash … Continue reading →

People hate dentists. I get it, having gone years at times without getting a checkup. Since I take care of my teeth, cavities weren’t a problem. I just hated the whole scaling process and the x-rays where I was gagging … Continue reading →

If you’re a retirement plan sponsor, why should you care about plan design? Retirement plan design is one of the most underappreciated facets of the retirement plan business and it really should be appreciated. The reason why it should be … Continue reading →

Most administration conducted by third-party administrators (TPAs) is quite good, but the juicy and scary stories are about the terrible TPAs and the havoc they create. What is amazing are not the errors in the definition of compensation or a … Continue reading →

Many of us in the retirement plan industry including yours truly, swore up and down that the Biden administration would yank the Department of Labor (DOL) fiduciary rule implemented by the Trump administration. We were wrong. We just assumed that … Continue reading →

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