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Nordstrom is the latest large employer sued over their 401(k) plan

The department store business model is selling items at high prices with the heavy end of season discounting. Now if only Nordstrom did the same with their nearly $3 billion 401(k) plan. The lawsuit alleges that if the plan had opted to include Vanguard target...

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Stealing plan assets is easier than you think

A third party administrator (TPA) and/or plan fiduciary stealing plans assets is easier than you think. The rumor that TPA Vantage Benefits stole $14 million from 6-7 of their clients shouldn’t be surprising to me because I saw it before with Matt Hutcheson ...

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No Deferral Cap, But Let’s Not Celebrate

The Republicans in the House of Representatives unveiled their tax reform plan and there includes no...

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Did Vantage Take Advantage?

Well over a week ago, I got the startling news that the FBI closed down the office of Vantage Benefi...

masspro

Massachusetts proposes a MEP and why it’s a bad idea

After Vermont decided to proceed with sponsoring an open multiple employer plan (MEP), legislation p...

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Trump and the 401(k) Flip Flop

After word leaked that proposal for tax reform may include a provision limiting pre-tax salary defer...

thelimit

The $2,400 401(k) cap isn’t going to happen

History has shown that when it comes to tax reform, certain personal deductions are sacrificed for l...

unsolved_mysteries

IRS Announces 2018 Retirement Plan Limits

The Internal Revenue announced the retirement plan limits for 2018 with many changes that will affec...

unsolved_mysteries

Find those “missing” plan participants

Missing plan participants are usually only an issue when a retirement plan decides to terminate and...

money3

Plan Providers and Plan Sponsors Can Still Lose By Winning

The news comes trickling in for 401(k) plan providers and plan sponsors beating back class action la...