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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...

jefffoxworthy

DOL says you have a missing participant if…..

According to the Department of Labor, you have a missing participant problem if: 1) You have more th...

missing participoants

It’s not hard to find missing participants, you just have to try

With the focus by the Department of Labor (DOL) on missing participants, I have to say it isn’t ha...

popular

Pick what’s good, not what’s popular

I’m not very popular, never have been and never will be. It’s probably my personality or just no...

comnflict of interest

Potential Conflicts shouldn’t be just dismissed

As a retirement plan provider, you need to understand where there is a conflict of interest if someo...

missing

What you need to do about missing participants

As a 401(k) plan sponsor, it’s not hard to lose touch with former employees who still have an acco...

commitee meeting

You may not need a committee, but you need something

When I worked at that semi-prestigious law firm on Long Island, I used to joke that if the Managing ...

bonus2

It’s all compensation issues these days

It seems that with Voluntary Compliance Issues, it seems that at the top of the list are issues rega...

EF Hutton

If the DOL talks about cyber security, listen

People of my generation and older remember the old E.F. Hutton commercials. As a kid, I had no idea ...