Legal News

As a plan provider, it makes sense to create an ancillary line of business if it’s a natural carryover of the existing line of business....By: Ary Rosenbaum

Most 401(k) plans have an investment policy statement to serve as a blueprint on how and why investment options are selected and replaced in the plan....By: Ary Rosenbaum

The last two times I was in Las Vegas, I didn’t gamble a penny. I didn’t gamble because I hate to lose. Yet I see so many plan sponsors and plan providers gamble by not correcting a glaring compliance issue and play that the plan won’t be audited by...By: Ary Rosenbaum

I’ve been an ERISA attorney for over 20 years and the one opinion I’ve had for that long is that having a payroll provider to serve as a 401(k) third-party administrator (TPA) is an absolutely bad idea. I say this as an ERISA attorney who derives a...By: Ary Rosenbaum

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