Legal News

When fee disclosure regulations were implemented, there were a few industry chicken littles that suggested that the disclosures would be a race to zero and only the cheapest providers would win out. History has proven that while fees have gone down,...By: Ary Rosenbaum

Investment Company Institute conducted a study that shows that 56% of Defined Contribution plan participants agree that they probably wouldn’t save for retirement if they didn’t have a plan at work....By: Ary Rosenbaum

I’ve been an ERISA attorney for 21 years, so like the J.K. Simmons character in the Farmers Insurance commercials, I know a thing or two because I’ve seen a thing or two. I’ve seen quite a few things including things that were something out of the...By: Ary Rosenbaum

The SECURE Act created much-needed change to the safe harbor non-elective contributions, making it more of a weapon to combat failed discrimination testing. Previously, a plan sponsor could only adopt the non-elective contribution prior to the Plan...By: Ary Rosenbaum

As a plan sponsor, you need to make sure that participant beneficiary forms are up to date. It’s not enough that you make sure that every participant has filled one out, you also have to make sure that they’re updated. Family lives and situations...By: Ary Rosenbaum

I’m not a fan of annuities, especially in 401(k) plans. Yet, it seems that the insurance industry got their say with the addition of annuities in the SECURE Act. The SECURE Act includes three law additions that might expand the plan sponsors’...By: Ary Rosenbaum

There are many choices in developing options for a 401(k) plan and certain features such as automatic enrollment and Roth 401(k) have only been law since 2006. 14 years later, it would not be surprising that the percentage of plans adopting these...By: Ary Rosenbaum

The beauty of the retirement plan business is that it isn't static, it's constantly changing. One of the reasons that it constantly changes is changes in the Internal Revenue Code, ERISA, and regulations. The SECURE Act is the most profound change in...By: Ary Rosenbaum

Without fail, every day I get emails that want to target one or more of my important online accounts. Whether it’s Amazon or my email, so online crook is trying to phish for me online access by trying to trick me....By: Ary Rosenbaum

The tentative agenda for That 401(k) National Conference at Walt Disney World Swan on March 10-11, 2020....By: Ary Rosenbaum