Former Grand Rapids business owner sentenced to jail time for 401(k) theft

datePosted on 10:55, December 8th, 2009 by lee

More Mail!

datePosted on 15:19, December 5th, 2009 by lee

“Seeing What Is Next” Disrupt The 401(k) Market

datePosted on 14:31, December 3rd, 2009 by lee

401k Hardship Withdrawals – An Overview

datePosted on 19:06, December 2nd, 2009 by lee

Legal Alert: It’s Plan Amendment Time Again

datePosted on 10:38, November 30th, 2009 by lee

Continuous 401k administration

datePosted on 12:23, November 19th, 2009 by lee

Don’t assume your clients know about the Larue case. In February 2008 the Supreme Court ruled an individual participant could sue the sponsor where in the past only a class of participants could sue.

Before Larue, Class action claims were typically limited to large employers because of the cost of initiating a class action claim. Mr. LaRue made it economical to sue even the smallest employer.

In our meetings with CFO’s we consistently see shock on their faces when they hear the Supreme Court ruled one employee can now sue as opposed to an entire class and the liability can be personal. As a fiduciary, the Cfo’s liability is only limited by his personal net worth. We repeatedly hear “They aren’t paying me enough!”

It is also worth noting that this case stemmed from an administrative issue as opposed to fiduciary.

“Recession drives HR outsourcing”

datePosted on 18:26, November 16th, 2009 by lee

Time really is money. Employers can’t afford to build what they can’t sell.