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nepotism

Don’t hire relatives as your plan providers

I have some simple rules to live by. I never bet on the Mets, eat at a place called Mom’s, play ca...

payforthat

You’re Paying For That

The best third party administration (TPA) salesman I ever knew wasn’t happy with the typical GMC S...

gav

QUALIFYING FOR PROTECTION FROM FIDUCIARY PERSONAL LIABILITY

In order to qualify for protection from Fiduciary personal liability and minimize exposure to that l...

reasonable

THE MEANING OF “REASONABLE”

The Term “Reasonable” appears in several places in the world of 401(k) plans.  However, it is n...

asktpa

Ask the TPA about their administrators’ training

If I want to get a new doctor or an attorney, I certainly want to know their background. Same with a...

loans

The problem with loans

When I draft a new 401(k) plan for a client, I’ll recommend a loan provision even though it can be...

audit

How To Avoid A DoL 401k Audit

There are many reasons for plan sponsors to do everything possible to avoid a Department of Labor (D...

effectivepeeps

Your 401k Plan’s Emotional Bank Account

Stephen Covey was an American author, educator, businessman and public speaker who passed away in 20...

process

Being a Plan Sponsor is all about the Process

Imagine a diet where it doesn’t matter how much weight you lost. Imagine a golf game that wasn’t...