close

Correct the late deferral issue correctly

Correcting your plan’s late deposit of salary deferrals by depositing them and making a contribution to make up for lost earnings in your 401(k) plan isn’t enough. Why? Well, Form 5500 requires you to truthfully answer whether you have late deferrals. ...

Associations, MEPs, and PEPs

I have worked with several associations in setting up a multiple employer plan (MEP) and even more associations that didn’t want to start one. As I often discuss, starting a MEP isn’t easy because of the times it takes to grow assets and become viable....

Give them the tools to succeed

I had two friends running for political office this November and they were great guys. The problem ...

You need to be clear

In communications with other plan providers, clients, and potential clients, you have to be clear. ...

Your big mouth opens doors and it closes them too

I did a podcast interview with Josh Itzoe, who is a terrific fiduciary and his Fiduciary U Broadcas...

Context is king

I had a great time on Joshua Itzoe’s podcast and one point, he brought up was that I was a propon...

PEPs are already niche, do we need niche PEPs?

Pooled Employer Plans (PEPs) are in my mind, a nice product. For most of the time, it’s not the r...

Another spot for PEPs? Solo 401(k) plans

You get what you pay for and I think a lot of sole proprietors get that with a free solo 401(k) off...

Just say you’re sorry

On Columbus Day, I was running an errand in my Prius V, and a woman in the right lane crossed over ...

You can’t get paid more than you’re contracted to

It happened three years ago and I still can’t make sense of it. Where I come from, we call it chu...