401(k) plans may contain many different provisions, which often require considerable work to administer. And the more difficult a plan is to administer, the costlier it can be. A 401(k) plan has a third-party administrator who conducts testing to ensure that the plan meets and follows IRS and DOL compliance standards as well as preparing … Continue reading “Is your 401(k) plan playing a shell game?”

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Beware the Frankenplan

The Frankenplan is representative of a lot of people’s financial lives. It is made up of many different parts, acquired at different times for sometimes the wrong reasons and it is not very coordinated. It’s easy to fall into the Frankenplan trap. Let’s take Charles for example. Perhaps he bought a life insurance policy many … Continue reading “Beware the Frankenplan”

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