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HEY PLAN SPONSOR….. IN CASE YOU DIDN’T KNOW, YOU’RE A FIDUCIARY!

There’s been some great articles published recently about the “lack of fiduciary awareness” among Plan Sponsors.  Since this topic is so near and dear to my heart, I figured I’d jump on the bandwagon and share my own thoughts on the subject. I’m not...

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Class action lawsuit isn’t the only fear

Plan sponsors will say it all the time: they are too small to be sued in a class action lawsuit. That may be true, but a class action lawsuit isn’t the only thing to fear. Most plans aren’t big enough to have a class action lawsuit against them, but they h...

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Plans should get rid of those forfeitures

Forfeitures that occur when people terminate service from retirement plans is usually a problem when...

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The Problem With Multiple Loans

When drafting new 401(k) plans, I always recommend allowing for a loan provision. I know there are q...

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Communication with Plan Providers is Key

I get along with people for the most part because I make the effort. It’s also a lot easier to fun...

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Confirm what the auditor says

If you have a retirement plan with more than 100 participants, you probably have a plan audit (if yo...

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Get fiduciary liability insurance

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surpris...

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Location of your plan provider isn’t an issue these days

I’m the guy who will travel to a Target further from my home because the Target in Farmingdale is ...

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IRS announces 2018 retirement plan limits

As 2017 nears its end, we already have the retirement plan limits set for 2008 by the Internal Reven...

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Don’t want to call an ERISA attorney? It’ll snowball

The snowball effect is term for a process that starts from something that is small and builds upon i...