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It has to be all about intent

I live in an unincorporated village on Long Island and I’m always amused by the people who want to lead the community without the best of good intentions. There are so many who do charity fundraising for the community and there are those who only do fo...

401(k) leakage is a big deal

The Treasury and Congress’ Joint Committee on Taxation have provided new estimates of how much. Money is “leaked’ out of 401(k) plans and Individual Retirement Accounts. Leakages come from three withdrawal sources: cash-outs when participants change ...

EBSA pick back on track

President Biden’s nominee to lead the Employee Benefits Security Administration (EBSA) ...

Changes have to be smooth

I hate moving. I’ve lived in the same house now for 16 years and I dread the idea of mo...

Remember that 401(k) plans are a benefit

I think the one thing that 401(k) plan sponsors really forget is that the plan is an empl...

The bonus problem

Bonuses are nice, I wouldn’t know because in the 11 years I was an employee, I got $300...

The problem with loans

When I draft a new 401(k) plan for a client, I’ll recommend a loan provision even thoug...

Don’t forget Cycle 3 restatements

With 2022 here, don’t forget about Cycle 3. This “Cycle 3” restatement means tha...

EBSA pick stalled

While Lisa Gomez’s nomination passed a Senate committee hurdle, her nomination to lead ...

Changes to 5500 reflect PEP requirements

The Department of Labor’s Employee Benefits Security Administration (EBSA) released the...