Monthly Archives: October 2022

My latest newsletter for plan providers can be found here.

A lawsuit against Goldman Sachs reiterated one point that most plan sponsors and their advisors forget: an investment policy statement (IPS) isn’t required. However, Goldman Sachs is a financial powerhouse and its professionals had enough experience to pick investments. Unless … Continue reading →

If there is one opinion that I have that is argued about many times is my two cents on the use of the largest payroll providers being in the Third Party Administration (TPA) business. Usually, the people who criticize my … Continue reading →

January 1 will be two years of pooled employer plans (PEPs). While I know there aremany plan providers who think this is the greatest thing since sliced bread and a few providers that think they’re awful ad no part of … Continue reading →

Success has many parents and failure is an orphan. In addition, everyone loves 401(k) plans when the market is doing well. Thanks to a weakening market, many retirement plan participants are turning to their plan’s websites and apps for help, … Continue reading →

Goldman Sachs won a dismissal of a proposed class action over its alleged imprudent use of high-cost, underperforming proprietary mutual funds as investment options in their retirement plan. U.S. District Judge Edgardo Ramos in Manhattan found no proof that Goldman’s … Continue reading →

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

My latest newsletter can be found here.