Monthly Archives: August 2024

Any type of item that keeps you health is a good thing as long as you use it. So the floss I bought after my last checkup and the treadmill that I bought my wife a few years ago that … Continue reading →

I have received more inquiries about after-tax voluntary contributions in the past two weeks than in the last 20 years. Why? Well, a lot of people are reading up on these Mega Backdoor Roth articles online. A mega backdoor Roth … Continue reading →

U.S. District Judge Jeremy Kernodle, of the Eastern District of Texas, has frozen the new fiduciary rules, by issuing a preliminary injunction to freeze the Department of Labor’s (DOL’s) Retirement Security Rule, which is supposed to take effect on Sept. … Continue reading →

Like I say, the older I get, the more and more I’m like Larry David. The biggest pet peeve on LinkedIn is that invitation from a plan provider. It’s always a financial advisor and it’s always a broker. As soon … Continue reading →

I’ve always been a big fan of index funds, probably more so when exchange-traded funds became a thing. From experience, most funds fail to meet the benchmarks. Yet, I grew up in the retirement plan business when it was claimed … Continue reading →

While the issues concerning Pooled Employer Plans (PEPs) in pricing and audits are slowing its growth, another headache is that potential adopters of these plans are unaware of their existence. According to a paper by the Center for Retirement Research, … Continue reading →

The Department of Labor (DOL) has created an online system for qualified plan termination administrators to submit abandoned account information for benefits, including 401(k) plans. The Employee Benefits Security Administration (EBSA) announced the new system to allows administrators meet requirements … Continue reading →

When I was in college in the early 1990s, I was heavily involved in student politics. I would go and buy things that made me look important even when I wasn’t. I got the beeper that no one called and … Continue reading →

July Business Services, LLC purchased Sunwest Pensions, a retirement plan recordkeeper and Third Party Administrator based in Tempe, AZ. This strategic merger enables July to further enhance its services and expand its client base by adding over 500 plan clients. … Continue reading →

In the old days, no one factored mutual fund fees when it came to 401(k) fees. Thankfully, fee disclosure changed that. 401(k) plan participants now incur far lower fees for holding mutual funds over, according to a study from the … Continue reading →