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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...

There are horror shows out there

Most errors I have seen through plan audits are typical. It’s usually late deferrals or a screw-u...

It doesn’t matter where your plan provider is

I’m the guy who will travel to a Target further from my home because the Target in Farmingdale is...

Get fiduciary liability insurance

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surpri...

The auditors can make a mistake and not admit

For plans that require an independent audit, the point of the audit is to determine the financial h...

Confirm what the auditor says

If you have a retirement plan with more than 100 participants with account balances, you probably h...