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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 Apple IIe with a monochrome monitor. One of the first pieces of software I purchased was the top desktop publishing program known as Print Shop. I ordered it thr...

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 responsibility for it. Instead of owning up, I would make excuses, turning the fight over the mistake into a bigger issue than the mistake itself. Many Third Party Admin...

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...

You’ll get hammered if you don’t use the DFVCP

I sound like a broken record, but I won’t stop until 401(k) plan sponsors understand the issue of...

The overvaluing of experience

I always say that picking a plan provider just on price is a bad idea and I will say that picking a...

There will always be an angle for ERISA litigators

There is this scene in Donnie Brasco when the crew has to make their take for the week and they try...

Tell your TPA the whole story

There are good third-party administrators (TPAs) and bad ones. No matter how good your TPA is, they...

Picking the cheapest provider can be a breach of fiduciary

When it comes to health and fitness, you constantly hear studies about what foods fight or cause ca...

The problem with plan investments and audits

Retirement plans with more than 100 participants with account balances require a CPA audit for thei...