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2AE5E479-B025-4A52-8EE3-15D9CCFD4D7D

Say goodbye and get them out

When a participant of yours leaves or is let go, I think one of the most important things you can do is make sure they roll out their assets from your retirement plan.   Sure it means that you might have fewer plan assets in your plan, but I think it’s ...

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Watch your eligibility provision

Your plan’s eligibility provision is a big thing because it serves as a gatekeeper for which employees you want to cover based on your demographics, it’s like a velvet rope at the local club.   The problem is that sometimes your provision isn’t foll...

graphs

The problem with policies

Most 401(k) plans have an investment policy statement to serve as a blueprint on how and why investm...

gambl

Don’t gamble for a DOL audit

The last two times I was in Las Vegas, I didn’t gamble a penny. I didn’t gamble because I hate t...

stones

Don’t Buy What You Don’t Need

For many years, my wife didn’t want to join Costco because she thought that overshopping was genet...

insurance

Fiduciary Liability Insurance and Plan Reviews are worth it

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

6B529E93-79C4-45EF-9CC5-1BD40D405BF9

Plan enrollment/education meetings are more than just an exercise

As a 401(k) plan sponsor, you need to understand that an integral part of limiting your liability wh...

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If the DOL says you should find missing participants, do it

I’m not afraid of many things, except making the deep water and the heights. I’m not afraid of t...

8F683340-C21F-4A18-9089-F26AE9F9D4F5

The hardship distribution

It’s 2019 and while the hardship rules are changing for 2020, keep in mind that hardship distribu...

5C0FF085-4F5B-459C-8C7A-1C0C406B9F51

Plan any events ahead and let the word get out

The genesis for That 401(k) Conference can be traced to two things: 1) my experience at other 401(k)...