close

The problem with participation agreements

A 401(k) plan with multiple participating employers hosts several problems. The first is recognizing any control group or affiliated service group rules that treat such a plan for compliance purposes as a single plan or a multiple employer plan. The second...

What’s woke?

I don’t know when woke became a part of our lexicon or when people got so riled about something they claimed was woke. Woke is a political slang adjective meaning alert to racial prejudice and discrimination. I suppose woke became part of the mainstream ...

IRS clarifies emergency expense and domestic violence distributions

The Internal Revenue Service issued guidance in Notice 2024-55 on applying exceptions to ...

Hardship distributions are up

According to Vanguard, hardship distributions are up and that’s not a good sign. The...

PNC wins excess fee suit

PNC Financial Services Group Inc. won their lawsuit brought by their employees, that accu...

Fisher Investments spinning off 401(k) Practice

Fisher Investments announced that they will be spinning out an independent 401(k) solutio...

The exclusion fiasco

Scrivener’s error is a mistake made by someone who is writing or copying something down...

Milliman wins 401(k) TDF case

Milliman beat back claims that it breached a duty by retaining in-house target risk funds...

The rollover issue

I think I learned in American politics that first semester in Stony Brook that if men wer...

HP beats back forfeiture case

A federal judge in Northern California stated HP Inc. doesn’t violate the Employee Reti...