Legal News

I’ve spent 21 years as an ERISA attorney and took some classes when I was getting my LLM and I learn something new about retirement plans every day. As a financial advisor, you likely didn’t have the training to be an ERISA expert, so there is so...By: Ary Rosenbaum

When I graduated from law school, it took a few months before I got my first job. So for the months, I wasn’t employed, I tried working with a temp agency to get temporary legal work. Let’s just say that no matter what they did, there was always a...By: Ary Rosenbaum

If your financial advisor tells you that it’s time for the regularly scheduled meeting, don’t blow them off. If your third party administrator (TPA) needs you to complete their census request, do it....By: Ary Rosenbaum

How To Be A Big Thing In The 401(k) Plan Business Or Play One On TV. You may not be able to handle it. As a retirement plan provider, you need to stand out in the crowd be- cause of the competitive nature of the business. Marketing is very near and...By: Ary Rosenbaum

When setting up a 401(k) plan document as a plan sponsor, you have a lot of choices in plan provisions. Depending on the plan documents you’re using, there are problems thousands and thousands of different combinations. The problem with plan...By: Ary Rosenbaum

Thanks to renewed interest in. multiple employer plans (MEPs), I will always get the phone call from someone interested in setting up a multiple employer plan. That person might be an advisor, third party administrator (TPA), or even a plan sponsor....By: Ary Rosenbaum

When having unique events to promote your business, I think you need to make it memorable because I’ve been to too many forgettable industry events. Creating lasting memories helps your business because people end up remembering you....By: Ary Rosenbaum

The Retirement Advantage, Inc. (TRA), a national third-party administrator (TPA)announced the acquisition of two retirement plan consulting and administration firms: Benefit Strategies, Inc. of Roanoke, Virginia (BSI) and Scholz & Friends Enlightened...By: Ary Rosenbaum

I’m wary of self-directed brokerage account because I still concerned about the fiduciary issues, as well as the fact that I still don’t think participants do better with them in terms of financial growth....By: Ary Rosenbaum

There is nothing wrong with offering loans with your 401(k) plan. What will be wrong is if the program isn’t administered properly and you don’t have the backup to prove you administered it correctly....By: Ary Rosenbaum