Monthly Archives: January 2024

When I worked for third-party administrators (TPAs), nothing hurt prospecting more than a down stock market. Common sense would dictate that this might be the best time to prospect plan sponsors, but plan sponsors shut off discussions when they see … Continue reading →

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

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

The Carson Group is adding Oakeson Steiner Wealth & Retirement to its network of more than 140 registered investment advisory firms. Hastings, Nebraska-based Oakeson Steiner provides financial planning, overseeing a total of $1.2 billion in client assets. The firm was … Continue reading →

The idea of the prop up, and my issues with it, probably started around the 5th grade at Rabbi Harry Halpern Day School. Dr. Rohn got on the loudspeaker and announced that starting that morning, we would get a new, … Continue reading →

Schwab’s Q3 2023 SDBA Indicators Report, a report on self directed brokerage accounts (SDBAs) shows that average account balances finished at $287,769 for the third quarter of 2023, with an increase of 5.3% year-over-year but down 9.2% from $316,826 in … Continue reading →

KeyBank Institutional Advisors (IA) announced the launch of a new pooled employer plan for 401(k) plans that will be effective January 1, 2024. KeyBank IA will serve as the ERISA 3(38)-investment manager. Transamerica will serve as the recordkeeper, and Pentegra … Continue reading →

I have handled more audits in the past six months, than in the past 5 years. Whether it’s the Internal Revenue Service or the Department of Labor, I’ve had many cases. Most are of the garden variety, random audits. Many … Continue reading →

I handle my investments. I work with financial advisors around the country, they are the best referral sources for clients. If I ever made enough money where I need a financial advisor, I’ll likely consider someone I. have worked with … Continue reading →

It looked great on paper, Pooled Employer Plans (PEPs) needed an audit only if they hit 1,000 participants or if they had an adopting employer with 100 or more participants. The Internal Revenue Service and Department of Labor clarified that … Continue reading →