Legal News

There is nothing wrong with being thrifty. You should never pay the full price for something that you can get at a discount. Being thrifty is different from being cheap. Being cheap is about not wanting to pay for something just because you don’t...By: Ary Rosenbaum

One aspect of the SECURE Act that many commentators failure to note is that it’s mor expensive to file a late Form 5500....By: Ary Rosenbaum

The non-ERISA §403(b) space is the last bastion of high, hidden costs in retirement plans. That’s the problem when a plan isn’t covered under ERISA and the fee disclosure regulations. So when it comes to 403(b) plans for teachers, the action is left...By: Ary Rosenbaum

For the past 7 years, fee disclosure has certainly helped you as a plan sponsor to finally understand the true cost of plan administration. That’s important because you have a fiduciary duty to only pay reasonable plan expense....By: Ary Rosenbaum

I was a first-year law student participating in moot court, just because all second-year students participated even when I knew I had zero interest in ever being a litigator. In those days, my mother would buy me these cheap character ties at...By: Ary Rosenbaum

Every time I’ve spoken to other plan providers about sure things they are working on, all I later see are missed opportunities. There are no sure things in this business, there are opportunities....By: Ary Rosenbaum

We all know from your health, that if you neglect certain things, that it will hurt you later down the line. Whether it’s your heart or your teeth, neglecting important health issues is only going to make the situation worse. The same can be said...By: Ary Rosenbaum

A long time in a galaxy, far far away (the time before fee disclosure regulations), I talked to the top salesman of a certain third-party administration (TPA) firm that charged an asset-based fee. The TPA wasn’t a producing one, they just did the TPA...By: Ary Rosenbaum

Two former employees of Trader Joe’s have sued the company alleging breaches of fiduciary duty in the management of the company’s 401(k) plan....By: Ary Rosenbaum

Key Points - The US Court of Appeals for the First Circuit reversed a lower court decision which held that two affiliated private equity funds with indirect ownership interests in the same portfolio company were liable for the obligations arising...By: Katten Muchin Rosenman LLP