What the fiduciary rule means to us

Posted Leave a commentPosted in 401(k), Financial Planning, Investment, Retirement

Update on February 8, 2017: District Court in Texas upheld the fiduciary rule in this 81 page ruling in a case brought by the financial services industry groups. The court ruling seems to praise the new rule. Except in the unlikely event of very fast action by the Department of Labor it appears that the fiduciary […]

IRS does not pay ‘bounties’ to retirement plan auditors

Posted Leave a commentPosted in 401(k), Accounting, Retirement

I found this interesting exchange in the reader comments on Employee Benefits Adviser. I changed the names and of course can’t vouch for the authenticity of the writers. The article topic was the increased rate of audits of retirement plans since the IRS is aware that a high percentage of retirement plans have major deficiencies. […]

The goals of compensation and benefits planning

Posted Leave a commentPosted in 401(k), Employee Benefits, Small Business, Tax Planning

​​​​ It occurred to me over this weekend that over more than three decades I’ve produced hundreds of recordings, articles,  columns and radio spots on various technical aspects of compensation and employee benefits planning, but that I’ve never talked about the basic primary goals that we all share in this work. There are four primary […]

Ten easy and inexpensive employee benefit upgrades

Posted 1 CommentPosted in 401(k), Employee Benefits, Small Business

Popular small business employee benefits that can be added within one day for less than $100 Small business owners often struggle to find affordable and manageable employee benefits for themselves and their employees. Here are 10 employee benefits that can be set up in a half hour at a cost less than $100. Health insurance […]

ERISA is still king per US Supreme Court

Posted 1 CommentPosted in 401(k), Employee Benefits, News and Politics, Small Business

Comments on Vermont Green Mountain Care Board v. Liberty Mutual Insurance Company and what it means to small practitioners in the employee benefits field Yesterday the U.S. Supreme Court ruled on a case involving conflicting state and federal law surrounding operation of an employee benefit plan administrator. In a relatively easy 6-2 decision the Court sided with Liberty […]

The wrong way to do year-end tax planning

Posted Leave a commentPosted in 401(k), Accounting, Financial Planning, Tax Planning

Implementation is the most important part! The Thanksgiving Day online edition of The Wall Street Journal carried an article about year-end tax planning strategies. It caught my attention because this is my favorite part of my own professional practice; a service I look forward to providing in the last quarter of each year. It is […]