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Never let anyone assume you’re embezzling

I know two retirement plan providers in Federal prison for embezzling retirement plan assets. They did the crime, they are doing the time. However, there are times when people haven’t embezzled, but they have done enough troubling things, that people in gov...

If new TPA asks you to set up a new plan, say no

When you switch third-party administrators (TPAs), there is a lot of work involved. I don’t recommend switching TPAs if you don’t have to, but there are times you need to. The problem is that there are TPAs out there that want you to set up a new 401(k...

2024 and the long time, part-time provision is around the corner

Life goes fast. Feels about 10 years ago that I started as an ERISA attorney in practice and that w...

The Solo 401(k) and Form 5500 trap

I think the Solo 401(k) plan is one of the great treats for sole proprietors. I have been using it ...

Multiple plans? Pick one. TPA

Call me crazy, but I think less is more. If you have a 401(k) plan and another plan (usually a defi...

Smaller plans, at least have the PEP tool

I was interviewed recently by a 401(k)-centric website about smaller plans. When I first started in...

Ask Your TPA about training

If I want to get a new doctor or an attorney, I certainly want to know their background. Same with ...

The problem of late deferrals

While working as an ERISA attorney with a national practice (cough, cough), it’s clear to me that...

Participants will continue to make bad decisions

As the stock market remains choppy and we trying to figure out whether we are in a recession, it’...

401(k) and 403(b) are a lot alike, but the two shall not merge

Thanks to regulations, 403(b) plans are becoming more and more like 401(k) plans. It’s to the poi...