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What financial advisors really do

One would think that the role of a retirement plan financial advisor is to pick plan investments. Mo...

The Magic Bullet of 404(c) Compliance

ERISA §404(c), is the code section that may limit a plan sponsor’s liability in retirement plans ...

The Truth about plan disqualification

In the movie Casino, Robert De Niro’s character Lefty Rosenthal warns Joe Pesci’s character Nick...

Beware of TPAs who are really insurance sales people

A friend of mine who is a financial advisor asked me about a third party administration (TPA) firm t...

One Mutual Fund Lineup isn’t a good idea

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

Too much choice isn’t a good thing

In life, giving people a wide variety of choices is a good thing. However, when it comes to daily va...

Proprietary fund plan sponsor problems

I always say that I come up with many ideas, but most of them are bad. Seriously, there are so many ...

Fall is the time to look

As summer turns to fall, it’s important for you as a 401(k) plan sponsor to use this time to consi...

Experience could mean many things

I always talk about how plan sponsors need to work with experienced financial advisors, third party ...

Don’t be cheap on retirement plans

As I have stated before, I am loath to hire employees because I was an employee once too. That prett...