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The common thread about bad 401(k) plans

I always say one of the beauties of retirement plans is not one is alike. They are like snowflakes ...

You don’t need an IPS, but….

A lawsuit against Goldman Sachs reiterated one point that most plan sponsors and their advisors for...

Prune those former employees

To avoid headaches, I just think it’s important to prune former employees from the list of partic...

The aggrieved former Participant and the quick score

As a plan fiduciary for hundreds of millions of dollars and with a lot of ERISA knowledge, I can se...

Retirement plans need to fit like a glove

Johnnie Cochran could have been an ERISA attorney. The man who claimed: “if it doesn’t fit, you...

Plan sponsors are seeking fiduciary services

When I was in law school at American University and we moved into a new building (25 plus years lat...

Make sure the audit is independent

Retirement plans with more than 100 participants (I won’t mention the 80/120 rule) have a require...

Don’t hire family as a fiduciary

I have some simple rules to live by. I never bet on the Mets, eat Olive Garden or Red Lobster, or d...

It’s one of those Safe Harbor quirks

A safe harbor matching contribution should have the same eligibility as deferrals if you want that ...

Consider a cybersecurity policy and procedure

With the Department of Labor (DOL) focusing on cybersecurity, I think it’s prudent for plan spons...