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Out of the box only causes trouble

  This is Spinal Tap has the great line that “there is a fine line between being clever and stupid.” The same can be said with plan provisions that are what I call: “out of the box.” I call it out of the box because it reminds me of the boxes on a...

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Avoid the box of gimmicks

I watch a podcast called Something to Wrestle with former WWE creative mind Bruce Prichard and he insists that there was no box of gimmicks for a wrestler to choose or be chosen their gimmick/persona.   With 401(k) plans, there is a box of gimmicks where ...

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Keep it Simple, Stupid

When it comes to drafting plan documents, I always say K.I.S.S.: keep it simple, stupid.   Any ...

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The need to avoid the old mistakes of Open MEPs

As we await the Department of Labor’s (DOL) guidance pursuant to President Trump’s executive ord...

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Make sure participant records are secure

Being a plan sponsor is difficult because you’re a plan fiduciary which requires the highest duty ...

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The problem with committees

Many articles talking about good retirement plan practices will talk about the need for employers to...

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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 t...

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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...