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good defense

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 government won’t audit you. The reason is that you have no control over what other people may do.   The best defense isn’t a great offense. The best defense is ...

plan documents

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 something from one of our plan administrators, you should put it in the plan document file (based on a Chris Rock joke).   It’s amazing how plan providers and the...

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...

Sports card market is in a bubble that will explode

The COVID pandemic and sports documentaries like ESPN’s The Last Dance has created a fer...

We have a job to do

Only 20% of people aged 20 to 29 in the world believe they’ll achieve their full retirem...

r/wallstreetbets is another reason why I hate self directed brokerage accounts

What the Reddit group wallstreetbets did with Gamestop in a short squeeze was something qu...

Purchasers need to stay in their lane

I’ve written blog posts about the problems that I see when a plan provider I know gets p...

From a certain point of legal view

There are two types of ERISA attorney, those that work for a plan provider and those that ...

The problem of the PEP Trustee

One of the quirks with pooled employer plans (PEPs) is the need for a corporate trustee. T...