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fraud

When The Fiduciary Warranty is Dangerous

I don’t pull any punches, so I have certainly written many articles about plan providers issuing something called a fiduciary warranty, that is free and doesn’t protect the plan sponsor from almost any liability because plan sponsor never get sued for what...

theworld

The Value and Peril of Flat Fee Billing

I know a thing or two about the virtues of flat fee billing, have done my legal work on the scale while working for a couple of third party administration (TPA) firms. Plan documents, plan amendments, and plan terminations were done for a flat fee that clients...

fudduty

Advisors can’t care about fiduciary duty and recommend bad TPAs

When the cheaters were caught cheating at a game of blackjack, Sam “Ace” Rothstein wanted to mak...

E3CE3708-707A-4D68-A1F7-A017C9B83980

Infinity War is a must see

There are a few film franchises that stand the test of time such as Star Wars and James Bond. Yet wi...

783B1A5A-CB72-42B3-8C0E-E170AC781AB5

I avoid it when it doesn’t look right, you should too

I live in an unincorporated village on the south shore of Nassau County and the elected Board of Edu...

281E7BCD-B727-4BB1-929B-C96DC12504B6

Sometimes, change is anyone’s guess

An advisor asked me a very interesting question that had me thinking: since a good chunk of what an ...

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The DOL Rolls Over, Fiduciary Rule Effectively Dead

The Department of Labor (DOL) said it’s not going to pursue enforcement actions against investment...

oldmac

Yesterday’s plan participants in today’s world

When I first started in the 401(k) business, investment selection by participants was still being pr...

confny

That 401(k) Conference is all about value

That 401(k) Conference is that 401(k) financial advisor conference that came out from my idea about ...

bruno

Bruno Sammartino, R.I.P

I know that professional wrestling isn’t real, but it’s supposed to look real and one of the gre...