Legal News

401(k) Plan Sponsors Maybe Cutting Their Nose To Spite Their Face. It's an absolute mistake. I once worked for a man who was the type of person who wouldn't have minded to have lost $5 to save $3. I was at a Synagogue where the fundraising...By: Ary Rosenbaum

Years ago, as a naïve associate at a semi-prestigious law firm (sorry Lois), I got the short end of the stick to attend a quarterly Taft-Hartley meeting in Staten Island for a multi-employer plan. If you ever have to drive from Long Island to Staten...By: Ary Rosenbaum

The beauty of the retirement plan business is that it’s constantly changing, the bad part of it is that it’s constantly changing. As a plan provider, you always need to be on your toes because it’s such a competitive marketplace that you can’t afford...By: Ary Rosenbaum

As everyone knows, I’m not a big fan of payroll providers being third-party administrators, at least the big two. However, there may be opportunities for you to augment your services and make a couple of extra bucks....By: Ary Rosenbaum

I’m sure that everyone knows that Secretary of Labor Alexander Acosta resigned over the controversy of a plea deal he negotiated as a U.S. Attorney in Florida with Jeffrey Epstein back in 2008....By: Ary Rosenbaum

When a participant of yours leaves or is let go, I think one of the most important things you can do is make sure they roll out their assets from your retirement plan....By: Ary Rosenbaum

Your plan’s eligibility provision is a big thing because it serves as a gatekeeper for which employees you want to cover based on your demographics, it’s like a velvet rope at the local club....By: Ary Rosenbaum

I once worked for a man who was the type of person who wouldn’t have minded to have lost $5 to save $3. I was at a Synagogue where the fundraising chairperson would only always organize events at the very last minute and never wondered why we never...By: Ary Rosenbaum

When I travel to a stadium or a game, I’m a beer snob and I will walk around to find a beer that isn’t Bud, Coors, or Miller, or even Blue Moon. I always like to use beer as an example when it comes to the retirement plan business because there is a...By: Ary Rosenbaum

I call myself the “most dangerous ERISA attorney in America” because I’m not afraid to express my opinion. So I’m going to say something that will irk a few people....By: Ary Rosenbaum