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Don’t join the race to zero

When I started in the retirement plan business, the third-party administrator (TPA) related law firm I was working at was charging $2,000 a plan document. 24 years later in 2022, that’s still my going rate. While my real estate taxes and health insurance pr...

You are replaceable

I was reading a great book on the 1981 PATCO air controllers strike and President Reagan’s decision to fire them because the strike violated federal law that barred them from striking. PATCO air traffic controllers had their usual list of grievances that...

The problem of the strings attached

Being successful and giving back is agreat thing. For example, I’ve been lucky to support a schol...

Titles mean nothing

When I was younger and it involved with student organizations, there was this saying that you shoul...

The most important value

Having been in the retirement plan business for the last 24 years, I have learned something new alm...

Be concerned over TPA referrals

A friend of mine and I were talking about a financial advisor that we knew that had a tremendous an...

Sometimes, you have to fire yourself

When you’re young, you’re urged not to quit. Whether it’s little league or scouts, your paren...

There has to be something in it for them

When I worked at that semi-prestigious law firm as an associate, my goal was to develop a national ...

You can’t win the no-win situation

Captain Kirk didn’t believe in the no-win situation, he learned the hard way in Star Trek II: Wra...

They are always in play

24% of 401(k) plan sponsors claim they are somewhat or very likely to search for a new plan adminis...