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The problem with committees

Many articles talking about good retirement plan practices will talk about the need for employers to set up retirement plan committees to manage their 401(k) plan.   While I agree that there needs to be some sort of process in place to run the plan, there...

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Sure it’s the employer’s fault, but come on now

With plan administration, there are so many mistakes that can be made and most of the time, it’s the fault of the plan sponsor and the third party administrator (TPA). However, there are many times were the error so explicit, that the TPA has no excuse to le...

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Speak up or it won’t get better

Many years ago, I was an associate at a law firm that worked with a third party administration (TPA)...

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Managing Your Plan is all about a process and not a result

  We’ve been conditioned in life that everything is about results. I know from law school the...

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Clearing up my views on producing TPAs

A few weeks back, I published a blog post on some third-party administrators (TPAs) are not really i...

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Compensation is such a huge issue in 401(k) plans

When I look at plan errors, one major area of a plan keeps coming up: compensation issues. Compensat...

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You need a tough love provider

I always believe that the two worst things that you can give people are false praise and false hope....

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The Problem of the inefficient plan design

When you start fixing up the house (for me, a never-ending battle) and replacing appliances or items...

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The De-Conversion Process is an eye opener

More than 20 years ago, I was the Executive Editor of my law school’s news magazine. In one of my ...

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The Problem with 3(16)

Over the last few years, we’ve seen the proliferation of companies offering ERISA §3(16) services...