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The problem of the PEP Trustee

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

Opinions aren’t wrong, except…. by experiences

I have very strong opinions on the retirement plan business and that might be a reason I’m not ask...

You need to read the plan document

Being an ERISA attorney for a couple of third-party administration (TPA) firms when I first started ...

You should pick out the groceries

If there is one famous quote that’s landed me in trouble, it’s one from my favorite football coa...

Just be accountable

People don’t like to be accountable for the most part. It’s just human nature to blame someone e...

Some people will do as minimal as possible

Another thing that sets plan providers apart is the work ethic, whether they will do what’s needed...

Watch out for excessive termination fees

It’s pretty simple as a 401(k) plan sponsor, you have a fiduciary duty to only pay reasonable plan...

The problem with DFVCP

When a plan sponsor has a late Form 5500 to file, one of the great things out there is the Delinquen...

Change is inevitable with a purchase

People tend to hate change especially when things are good. The problem with a change in the retirem...

Where to sell PEPs? Start with states that force employers to have plans

Where to sell Pooled Employer Plans? A good start is the states where employers have to offer retire...