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record

Plan sponsors needs to keep record of all plan amendments

I didn’t have such a wonderful time at law school because I felt the administration and much of the faculty weren’t honest when it came to the study of law and more importantly, our job opportunities. There was one law professor who was a shining light bec...

experience

“Experience” means lots of things

I always talk about how plan sponsors need to work with experienced financial advisors, third party administration (TPA) firms, and ERISA attorneys on their plan needs. Like with reasonable fees, I believe that the term “experienced” is vague. Experience d...

cheat

Don’t gyp employees on retirement plans

As I’ve stated before, I wouldn’t hire employees because I was an employee once too. That pretty...

buycheap

You Get What You Pay For

A few years ago, we were hired by a company to assist them on an Internal Revenue Service (IRS) audi...

roll

Let Former Employees Roll Their Money Out

One of the rules I live by is that I believe that you should never let someone who dislikes you be i...

engine

I SIGN THE FORM 5500 – PART 3 – I’M SUPPOSED TO BE DOING WHAT?

I began this series of articles last year.  In Parts 1 and 2 (which you can find on my LinkedIn pro...

smoke

Credentials and awards could just be a paid smokescreen

A Long Island business newspaper once named my old law firm’s administrator as its Chief Financial...

scale3

Legal Costs Don’t Have To Be That Staggering

The cost of correcting plan errors can be expensive. It can be expensive through corrective contribu...

office

Fiduciary Prologue to a Cross-Examination

The litmus test for suitable behaviors and the products that result is woven from fiduciary responsi...

dolaudits

Yes, DOL audits are more terrifying

I have to see that as after 18 years, there is very little I fear and I fear of retirement plan audi...