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Bill proposed to waive early withdrawal penalty for fraud

Last week, Rep. Haley Stevens (D-MI) introduced legislation aimed at waiving early withdrawal penalties for victims of retirement account fraud. The proposed bill, titled the “No Penalties for Victims of Fraud Act,” seeks to alleviate the finan...

DOL unveils Model VFCP Model Participant Notice

The Department of Labor (DOL) has issued a model notice for applicants to the Voluntary Fiduciary Correction Program (VFCP). This notice is essential for informing plan participants that the plan has applied to utilize this important correction program. It...

Merit buys Sanctuary Wealth

Merit Financial Advisors, a financial advisory firm based in Georgia, recently announced ...

The whole job offer fiasco

I have been an ERISA attorney since 1998. More than half my career now has been in my pra...

Don’t make the interview process a living hell

A friend of mine is interviewing for a new job. What was supposed to be one interview has...

BlackRock Lifepath lawsuits were a dud

I knew early from my law school days that I had zero interest in litigation. It was proba...

Be open and honest

Someone from my past was in a new line of work and I wanted to help them out. They were p...

The multiple loan problem

As a 401(k) plan sponsor, you need to know that plan errors happen all the time. A 401(k)...

What all good 401(k) plans have

There are so many articles for plan sponsors (I’ve written quite a few) where they go o...

TIAA ranked as top recordkeeper website

A new report by research consultant Corporate Insight (CI) highlights that TIAA, Fidelity...