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The old lawyer letter

When I was at law school, I was the editor of the student magazine there and I broke the story abou...

Find out if you’re part of a controlled or affiliated service group

As a 401(k) plan sponsor, you need to make sure that all your plan providers understand any ownersh...

What makes a good TPA? Simple, service.

A bad third-party administrator (TPA) can be a weapon of mass destruction. So when plan sponsors fo...

Focusing on fees, blinds you

For the past 9 1/2 years, fee disclosure has certainly helped you as a plan sponsor to finally unde...

There is a difference between TPAs

In any service industry, the quality of service and price can be far and wide. While people say tha...

Changing TPAs, “don’t go into business for yourself”

Changing third-party administrators (TPAs) isn’t fun. If you have to for it, do it. However, you ...

Changes have to be smooth

I hate moving. I’ve lived in the same house now for 16 years and I dread the idea of moving and I...

Remember that 401(k) plans are a benefit

I think the one thing that 401(k) plan sponsors really forget is that the plan is an employee benef...

The bonus problem

Bonuses are nice, I wouldn’t know because in the 11 years I was an employee, I got $300 for the h...

The problem with loans

When I draft a new 401(k) plan for a client, I’ll recommend a loan provision even though it can b...