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Changes have to be smooth

I hate moving. I’ve lived in the same house now for 16 years and I dread the idea of moving and I haven’t put the house up for sale. That’s why I always loathe when there has to be a change of third-party administrators (TPAs).  Many times it ha...

Remember that 401(k) plans are a benefit

I think the one thing that 401(k) plan sponsors really forget is that the plan is an employee benefit. As with all benefits, it is a tool to recruit and retain employees. A great plan with great tools for participation and an employer contribution is going to...

The bonus problem

Bonuses are nice, I wouldn’t know because in the 11 years I was an employee, I got $300 for the h...

The problem with loans

When I draft a new 401(k) plan for a client, I’ll recommend a loan provision even though it can b...

Bottom line, you fix it to avoid harm

When presented with the opinion from your third-party administrator (TPA) that you have to fix a po...

It’s the end of the year, maybe time to take a look

With Thanksgiving past us, it means the year is coming to an end, and it can certainly be a time to...

Beware of insurance brokers disguised as TPAs

A friend of mine who is a financial advisor asked me about a third-party administration (TPA) firm ...

Never forget a retirement plan is a benefit

When you talk about benefits, one of the most overlooked is a retirement plan benefit. While ...

Late 5500? Worst thing you can do is immediately file first

When we were kids, we were trained that late assignments should be turned in as soon as possible. T...

The problem with bad advice

A financial advisor called me and asked me if there was a problem that an insurance policy paid by ...