Legal News

People complain a lot about life these days, but one fun fact is that people are living longer than they did just 20 years ago. Thankfully, the Internal revenue Service (IRS) noticed too....By: Ary Rosenbaum

If you’re a closely held business or not, changes do happen. Whether it’s leadership or who serves as your plan’s trustee, change will likely happen. The problem sometimes is when the plan document has been updated to reflect who the current trustees...By: Ary Rosenbaum

The 1970s were known as a decade of disaster movies. They were a really popular genre thanks to the classics Airport, The Poseidon Adventure and The Towering Inferno. It was a money-making genre until producer Irwin Allen ran it into the ground with...By: Ary Rosenbaum

I worked at a third-party administration (TPA) where one of our administrators tried to steal money from a participant’s account and transfer it to his Individual Retirement Account (IRA),. The only reason he got caught because he messed up the...By: Ary Rosenbaum

The Department of Labor (DOL) proposed a new rule to allow retirement plan disclosures to be posted online. The new rule allows plan administrators to post any document that the administrator is required to furnish under ERISA on the plan sponsor’s...By: Ary Rosenbaum

I’m not a big fan of target-date funds and that bias goes back to the implosion of the stock market in 2008-2010, where I thought older workers didn’t realize that their target-date funds had so much equity exposure. I also question the funds’ glide...By: Ary Rosenbaum

I’ve been an ERISA attorney for 19 years and I’ve seen a lot of 401(k) plan sponsors that have liability and compliance headaches that they could have avoided. The most important step that plan sponsors can take in avoiding needless plan errors that...By: Ary Rosenbaum

Ken Fisher of Fisher Investments is facing almost $2 billion of withdrawals from his firm as a result of some sexist comments he made at an industry conference....By: Ary Rosenbaum

As an attorney, I hate dressing up. If I could wear a Mitchell and Ness sports jersey to meetings and synagogue services, I would. One thing I hate is buttoning up the dress shirt. There always seems to be one button unbuttoned or one done...By: Ary Rosenbaum

Sponsorship Brochure for That 401(k) Conference at Busch Stadium in St. Louis, MO on May 8, 2020...By: Ary Rosenbaum