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The problem with policies

Most 401(k) plans have an investment policy statement to serve as a blueprint on how and why investm...

gambl

Don’t gamble for a DOL audit

The last two times I was in Las Vegas, I didn’t gamble a penny. I didn’t gamble because I hate t...

stones

Don’t Buy What You Don’t Need

For many years, my wife didn’t want to join Costco because she thought that overshopping was genet...

insurance

Fiduciary Liability Insurance and Plan Reviews are worth it

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surpris...

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Plan enrollment/education meetings are more than just an exercise

As a 401(k) plan sponsor, you need to understand that an integral part of limiting your liability wh...

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If the DOL says you should find missing participants, do it

I’m not afraid of many things, except making the deep water and the heights. I’m not afraid of t...

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The hardship distribution

It’s 2019 and while the hardship rules are changing for 2020, keep in mind that hardship distribu...

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Plan any events ahead and let the word get out

The genesis for That 401(k) Conference can be traced to two things: 1) my experience at other 401(k)...

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Cut through the fiduciary advertising and make sure you get what you were promised

Advertising is a great medium and it’s a medium that could often be confusing to the consumer. So ...

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Keep track of former participants

When employees terminate, I feel they will immediately take a distribution from their 401(k) plan or...