Legal News

Bad Choices For 401(k) Plan Sponsors That Often Lead To Bad Results - It's not about luck. My grandmother was very superstitious and she believed that bad luck could result from a bad choice you make. My grandmother grew up in old world Europe and...By: Ary Rosenbaum

For many years, my wife didn’t want to join Costco because she thought that overshopping was genetic on my side when she remembers my parent’s Costco. My wife was concerned I would buy stuff we didn’t need. Long story short, we re-joined and I don’t...By: Ary Rosenbaum

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surprised how many people pay $20 to get a warranty on a $100 Blu-Ray player. When Best Buy was going national, they advertised how they wouldn’t sell...By: Ary Rosenbaum

I don’t believe in coincidence and when something happens twice, it’s a cause for concern. Within the past couple of months, I’ve had to deal with third party administrators (TPAs) paying ERISA §3(38) fiduciaries in excess of their contracted fee....By: Ary Rosenbaum

It can take almost a lifetime to build a sterling reputation in the retirement plan industry as a plan provider and it can be destroyed in an instant. The retirement plan business is very competitive and you can’t afford any problems that can...By: Ary Rosenbaum

I am proud to say that I learn something new every day, whether it’s retirement plan related or something related to pop culture. Sometimes, I’m wrong about things. I’m 47 years old now and I tell you: I don’t know everything....By: Ary Rosenbaum

Massachusetts Financial Services Co. (MFS) has reached a settlement of nearly $7 million in a lawsuit alleging that the company enriched itself at the expense of its employees’ retirement savings by loading its 401(k) plans with costly,...By: Ary Rosenbaum

For some reason, my unincorporated village doesn’t have a mayor or village board of trustees, but we have our own sanitation district where we elect the commissioners. For many years, a party boss and his son controlled the district through their...By: Ary Rosenbaum

My grandmother was very super- stitious and she believed that bad luck could result from a bad choice you make. My grandmother grew up in old world Europe and she clearly was a product of her times. I’m less superstitious, I think that choices in...By: Ary Rosenbaum

I think the one place where the retirement plan industry has failed is in communication to plan participants. The industry has done better in fee transparency and communicating with plan participants, but has done a terrible job in communicating with...By: Ary Rosenbaum