Monthly Archives: August 2022

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

My latest newsletter can be found here.

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

Having been in the retirement plan business for the last 24 years, I have learned something new almost every day and I’ve seen a lot of things that I could never believe I would see when I was an L.LM … Continue reading →

Having been in the retirement plan business for the last 24 years, I have learned something new almost every day and I’ve seen a lot of things that I could never believe I would see when I was an L.LM … Continue reading →

A friend of mine and I were talking about a financial advisor that we knew that had a tremendous and respectable book of 401(k) business and how he actually uses a payroll provider for the third party administrator (TPA) for … Continue reading →

Retirement plans with more than 100 participants (I won’t mention the 80/120 rule) have a requirement to get an independent audit for their Form 5500 filing. The failure to obtain an independent filing is the same consequence of making no … Continue reading →

I have some simple rules to live by. I never bet on the Mets, eat Olive Garden or Red Lobster, or do business with family. Those things never end well. Yet I have come across so many financial advisors who … Continue reading →

A safe harbor matching contribution should have the same eligibility as deferrals if you want that safe harbor protection of satisfying Top Heavy and the ADP/ACP test. A plan sponsor just reached out to me about their plan where they … Continue reading →

With the Department of Labor (DOL) focusing on cybersecurity, I think it’s prudent for plan sponsors to put policies in place to cover it. On a DOL audit, I’m sure the auditor investigating your plan, will ask for it. What … Continue reading →