Legal News

When I was a kid, I’d be passive-aggressive in the sense that I wouldn’t let people know how upset I was about things. Thanks to some age and maturity, I don’t have to be that scared kid anymore and not ask what I want....By: Ary Rosenbaum

As a 401(k) plan sponsor, I’m sure you’ve been spoken to by a plan provider who wants you as a client and they’re talking about you potential liability as a plan fiduciary. They’re probably also talking about the threat of litigation and this is...By: Ary Rosenbaum

If people pass on enough incorrect information out there, you start to believe it. When I worked at that semi-prestigious law firm (sorry, Lois), we had a litigation partner that everyone told me was excellent. Being a naïve associate, I took their...By: Ary Rosenbaum

In the good old days of participant-directed 401(k) plans, a good chunk of financial advisors did very little work for the plans that they advised. Many of them sat back, collected their trail or asset-based fee, and maybe saw the client once a year....By: Ary Rosenbaum

As a plan sponsor, you have a fiduciary duty to hire competent plan providers to handle your 401(k) plan. So as part of that duty, it’s important to identify who these providers are, how you hired them, and why....By: Ary Rosenbaum

Many years ago, I represented a defined benefit plan sponsor being investigated by the Department of Labor (DOL). The DOL thought the plan sponsor had embezzled money from the plan because the deceased actuary never provided any valuation reports and...By: Ary Rosenbaum

A growing number of U.S. employers are adding lifetime income solutions to their defined contribution (DC) retirement plans, according to the 2019 Lifetime Income Solutions Survey by Willis Towers Watson....By: Ary Rosenbaum

Tentative agenda for That 401(k) Conference, Progressive Field, Cleveland, OH, Friday, September 20, 2019....By: Ary Rosenbaum

In a recent revenue ruling, the IRS stated that if a participant or a beneficiary doesn’t cash a distribution check in the year it was issued, the individual still must include the amount in gross income for that year.......By: Ary Rosenbaum

I wasn’t a fan of target-date funds when the markets crashed in 2008 because there was no consistency of investment objectives and equity-fixed income mix between target-date funds for a specific year among different fund companies....By: Ary Rosenbaum