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matching

I hate the stated match

A 401(k) plan doesn’t have to be treated like the Bible or any other type of book where every work is analyzed and studied. It can be open and not be as decisive. I believe. The best flexibility for plan sponsors and their providers is opportunities where th...

former employee

The former employees can be a huge problem

In terms of issues over retirement plans for the past 22 years, the two most treacherous investigations that I went through with the Department of Labor (DOL) over the plans sponsored by clients, simply started by a complaint by a former employee.   The s...

Yeah, Bitcoin in 401(k) plans is a bad idea

Over the 30 years of investing, I have seen nothing like my investment in bitcoin and othe...

DOL recovered a bunch

The Department of Labor (DOL) released its 2020 enforcement fact sheet, showing the work t...

Survey shows ESG still hasn’t caught on

Despite the concerns that the Trump administration implemented Department of Labor (DOL) r...

The PPP Registration finalized

Even though Pooled Employer Plans were made effective on January 1, 2021, the Department o...

Best defense is good procedures and following them

Having a great 401(k) plan doesn’t mean that a former participant won’t sue you or the...

You need to read the plan document

I once worked at a third-party administrator (TPA) that I joked that if you wanted to hide...

Advisors need to offer education, it’s that simple

Advisors ask me all the time about the role of education in participant-directed 401(k) pl...

Well, I have an in with this association

If I got $5 for every time an advisor or other plan provider told me they had an in with a...