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The problem with stock market volatility

I have experienced several bear markets as an ERISA attorney, and it’s never easy, especially with the current volatility due to tariffs. If you are concerned about the stock markets and your 401(k) plan, you may not need to worry—unless you are ne...

Keep it simple stupid

As famously quoted in *This Is Spinal Tap*, there is a fine line between stupidity and cleverness. I can assure you that Michael McKean, who played David St. Hubbins in the movie and co-wrote it, was not involved in plan administration. From my observation...

The multiple loan problem

As a 401(k) plan sponsor, you need to know that plan errors happen all the time. A 401(k) plan has ...

What all good 401(k) plans have

There are so many articles for plan sponsors (I’ve written quite a few) where they go on and on a...

Providing Info to Participants

ERISA requires disclosure of certain plan documents to participants including a summary plan descri...

Another market correction is a pause for concern

I’ve been in the retirement plan business for 26 years and I’ve been through a few recessions i...

Plan Sponsors Can’t Overpay for Plan Services

When I was 13 and had my Bar Mitzvah, I spent around $2,000 (in 1985 money) on a state-of-the-art A...

They’ll make the mistake and leave you to dry

At work and at home, one of the worst things I ever did was make a mistake and not accept responsib...

Correct the late deferral issue correctly

Correcting your late deferrals by depositing them and making a contribution to compensate for lost ...

Vesting doesn’t help with retention

I have worked at places that were so unpleasant that I consider myself lucky the vesting schedule w...