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Just correct those errors

We all know that when we make a mistake, it’s best that we correct them. Yet too many plan sponsor...

Get those contracts reviewed

  I had a plan sponsor forward me a contract they received from their financial advisor on a pr...

Is your SIMPLE IRA plan ready for an IRS audit?

If you sponsor a Savings Incentive Match Plan for Employees (SIMPLE) and have not had the misfortune...

Say goodbye and get them out

When a participant of yours leaves or is let go, I think one of the most important things you can do...

Watch your eligibility provision

Your plan’s eligibility provision is a big thing because it serves as a gatekeeper for which emplo...

The problem with policies

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

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...

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...

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...

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...