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money2

The real reason why bad funds are in 401(k) plans

Researchers once looked at some data to try to figure out why many poor 401(k) investment choices li...

lawsuit2

Even if you’re doing your job as a plan sponsor, you still can get sued

The fact is that sometimes, bad things happen to good people.  That can be said about retirement pl...

ron-stair

The “Convenience” of a Payroll Company doing your plan administration strikes again

One of our clients is the co-owner of a building contractor that contracted with one of the large pa...

bonus

Bonus can cost you more than one way

When I first started working as an ERISA attorney in September 1998, I was pleasantly surprised when...

dolirs

Getting into trouble with the DOL and the IRS maybe just bad luck

As an ERISA attorney for almost 19 years, I have seen a lot of strange things that plan sponsors hav...

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My long running issue against self directed brokerage accounts

I used to joke that the only clients that used to ask about self directed brokerage accounts were me...

badmanners

The Appearance of Impropriety

For some reason, the unincorporated village I live in has its own Sanitation District where a lot of...

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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...

mask

Beware of Insurance Brokers Masked as TPAs

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

record

Plan sponsors needs to keep record of all plan amendments

I didn’t have such a wonderful time at law school because I felt the administration and much of th...