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The restatement process begins

For those with defined contribution pre-approved plans, it’s time to restate your plan document. Y...

A restatement could be time for a plan housecleaning

A restatement process isn’t required by the Internal Revenue Service so that ERISA attorney can bi...

Last call for safe harbor match soon for 2021

Unlike the safe harbor non-elective contribution, you still need notice and you still need one in pl...

Like your parents, the IRS VCP program wants you to come clean

As a child, you’re usually told by your parents that they just want to hear the truth and that tel...

Benchmark your providers

I had a contractor work on my house for a couple of projects. Frank installed a new front door, inst...

The Problem With Loans

They often say that the road to hell is paved with good intentions. I don’t know who said it first...

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...