Monthly Archives: February 2025

The Department of Labor (DOL) has released Field Assistance Bulletin 2025-01 (the Bulletin), allowing ERISA fiduciaries to transfer retirement balances of under $1,000 to a state unclaimed property fund. The Bulletin describes a DOL nonenforcement policy for fiduciaries that decide … Continue reading →

Imagine if Mark Zuckerberg hatched the idea for Facebook, yet all he did was talk about the site instead of developing it. Imagine if Jeff Bezos talked for a year or two about selling books on the Internet instead of … Continue reading →

With the change of Presidential administrations, there was certainly a discussion on what the Department of Labor (DOL) may do under President Trump regarding 401(k) plans. As far as regulations, an Executive Order may halt any significant change. Under a … Continue reading →

George Carlin had a joke that to get off a jury, you should just tell the Judge that you can determine a person is guilty by just looking at them. Abernathy Daley 401(k) Consultants claim that 84 percent of U.S.-based … Continue reading →

Equitable has introduced Equitable Retirement Access, the company’s 401(k) Pooled Employer Plan (PEP). The Equitable Retirement Access plan will include the following providers: • PlanConnect LLC, an affiliate of Equitable, serves as the recordkeeper • Pension Plan Specialists will act … Continue reading →

According to new research published by the Investment Company Institute (ICI), Americans like their retirement plans. ICI’s research report “American Views on Defined Contribution Plan Saving, 2024” finds that almost 75% of Americans had favorable impressions of 401(k) and similar … Continue reading →

I was a first-year law student participating in moot court, just because all second-year students participated even when I knew I had zero interest in ever being a litigator. In those days, my mother would buy me these cheap character … Continue reading →

A financial advisor called me and asked me if there was a problem that an insurance policy paid by a 401(k) plan had the policy in the name of the participant. Considering it was a plan asset, I thought so. … Continue reading →

I always say that picking a plan provider just on price is a bad idea and I will say that picking a provider just on your years of experience is another folly. I have 26 years of experience and when … Continue reading →

The Department of Labor announced that its Employee Benefits Security Administration has updated its Voluntary Fiduciary Compliance Program, allowing employers more efficient ways to voluntarily correct compliance issues in retirement, health, and other employee benefit plans. The biggest change is … Continue reading →