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Make sure those exclusions make sense

If you restrict eligibility from your retirement plan to a certain group of employees outside of th...

Changes have to be smooth

I hate moving. I’ve lived in the same house now for 19 years and I dread the idea of moving I hav...

IRS has a tough time with the 5500 “zig zag”

The Internal Revenue Service (IRS) doesn’t read the 5500s, but the Department of Labor (DOL) does...

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...

Tell your TPA the whole story

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

Plans paying more? Well, yeah

I read that a recent study showed the 80% of 401(k) plans are overpaying in fees. Tell me something...

Get that Final 5500 done ASAP

When a plan terminates and distributes all its assets or merges all its assets into another plan, y...

The issue with 3(16)

Over the last few years, we’ve seen the proliferation of companies offering ERISA §3(16) service...

Terminate the plan before the deal

Company A wants to buy Company B and everyone wants to terminate Company B’s 401(k) Plan. In an i...

A good plan provider will admit they’re wrong

A long-time advisor-client called with a chuckle that both he and I were right and a partner at a l...