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Late 5500? Worst thing you can do is immediately file first

When we were kids, we were trained that late assignments should be turned in as soon as possible. T...

The problem with bad advice

A financial advisor called me and asked me if there was a problem that an insurance policy paid by ...

Make sure the plan custodian know who your plan trustees are

If you’re a closely held business or not, changes do happen. Whether it’s leadership or who ser...

Never steal plan assets

I’ve seen plan sponsors do it, I’ve seen employees do it, and I’ve seen plan providers do it....

ERISA attorneys and the snowball effect

The snowball effect is a term for a process that starts from something that is small and builds upo...

Get rid of the bad decision makers

I was a Vice President of a synagogue once and the biggest problem I had is that the people who had...

The one fund family lineup Is a bad idea

You must know about the shoemakers’ children and how they go barefoot and have no shoes. In the r...

The meaningless of awards

I work in an industry that has a terrible reputation. Not the retirement plan industry, the legal i...

The problem with former employees

I always say that the reason I don’t have employees is I was an employee once too. My joke about ...

Make sure you do those brokerage windows correctly

A character in This Is Spinal Tap said it best: “there is a fine line between being clever and be...