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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...

experience

“Experience” means lots of things

I always talk about how plan sponsors need to work with experienced financial advisors, third party ...

cheat

Don’t gyp employees on retirement plans

As I’ve stated before, I wouldn’t hire employees because I was an employee once too. That pretty...

buycheap

You Get What You Pay For

A few years ago, we were hired by a company to assist them on an Internal Revenue Service (IRS) audi...

roll

Let Former Employees Roll Their Money Out

One of the rules I live by is that I believe that you should never let someone who dislikes you be i...