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The Cash-out Limit change is a no brainer

For over 25 years, the involuntary cash-out limit was $5,000. Now, we have an increase. An increase that is optional, but you should enforce it as a plan sponsor. These mandatory cash-out distributions can be paid out without the consent of the participant...

Tell the employees the truth

I always say the two worst things you can give people are false praise and false hope. One of the reasons that I started my own law practice is because I was an employee and for the most part, I didn’t like how I saw employers treat employees especially whe...

The problem with automatic enrollment

Automatic enrollment is one of the best features of a 401(k) plan especially when it was finally co...

The things about awards

You will hear about how certain retirement plan providers have won awards. Awards are impressive, b...

Hand it over and print it up

I have been doing government audits of retirement plans for over 25 years. The technology has chang...

The audits might be coming

I have handled more audits in the past six months, than in the past 5 years. Whether it’s the Int...

The snowball effect by not calling an ERISA attorney

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

The Problem of Multiple Loans

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

Committee Conundrum

It sounded like a great idea at the time. An alumni association for a student organization was bein...

Long Time Part Time Change will be a mess

They say change is good. Some changes are good, and some changes have growing pains. I’m a big fa...