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Time to replace bad decision makers

I was an associate at a semi-prestigious law firm. I asked the 401(k) trustees to look at our plan. One trustee was the human resources director and the other one was a law firm partner. The plan didn’t have a financial advisor. The investment options we...

Be wary of people like SBF

My wife doesn’t know much about crypto, but she is fascinated by what happened with FTX and SBF. She doesn’t understand how someone like that, could be involved in such a scam. Unlike me, my wife never knew two plan providers, currently sitting in Federal...

Get threats, contact an ERISA attorney

You could be the greatest plan provider, but you can’t please everyone. Even when things aren’t...

Do your job

One of my worst habits is not being over-infusive in my compliments, except in my restaurant tippin...

Education should be fun

I always believe that education is really important. My parents instilled that value in me, they we...

The problem of Fred

When your practice is successful as a retirement plan provider, you’re going to want to hire peop...

The thing about ultimatums

What’s an ultimatum? It’s a final, uncompromising demand or set of terms issued by a party to a...

An asset based fee audit

An advisor called me up and asked whether it was appropriate if an auditor charged an asset-based f...

The incentive to sell

When it comes to being a retirement plan provider, you should understand that it’s a relationship...

It’s easier to lose it than it can grow

One of the business philosophies I learned while working for a third party administrator ...