Erick Arndt
Erick Arndt is a Wealth Advisor specializing in 401(k), Deferred Compensation, Profit Sharing, and Pension Plans. His mission is to make 401k and saving for retirement more inclusive across America. He is a 3(38) investment fiduciary at LPL Financial. He earned his designation for Accredited Investment Fiduciary (AIF) and Professional Plan Consultant (PPC). He is the founder of Retirement Partners of California. He was also the recipient of Barron's - Top Institutional Consultants (2019). He acts in a fiduciary capacity when advising both businesses and individuals. He blogs on topics ranging from Fiduciary Responsibility for companies, retirement plan design, as well as offers lots of Q&A for plan sponsors to learn how to offer a compliant and effective retirement plan.
Since 1974 when ERISA was first enacted, plan sponsors have understood the “prudent person”1 rule that they must follow as fiduciaries, and the personal liability they face for losses caused by a breach of that duty.2 Today, new regulations mandating full... Read More
They may have moved to the figurative back seat for a while, but retirement plan fiduciary issues did not stop during the Coronavirus pandemic. As you sift through what has happened in the last few months, you’ll want to pay... Read More
Q: Hi Erick, one of our workers wants to designate his children, rather than his wife, as beneficiaries of his 401(k) plan accounts. He is required to sign the documents in front of a live witness, but because of COVID-19,... Read More
Did many employees take as much money as they could out of 401(k) plan?... Read More
Check these items off your to-do list Remember 2019? It was in December of that year (which seems very long ago now) that the SECURE Act was signed into law. Today, as COVID-19 continues raging around the world, the SECURE... Read More