Legal News

One of the biggest problems for my clients after they hire me is that they realize that they never bothered to review the plan provider contracts that they signed long ago. There might be surrender charges or termination fees that they never...By: Ary Rosenbaum

I use the expression “garbage in, garbage out” if an end of year census report is done incorrectly and the third party administrator (TPA) doesn’t pick up the error....By: Ary Rosenbaum

I once had a law school professor who joked that we change the bankruptcy laws to give business to bankruptcy attorneys. So I joke often that the laws concerning retirement plans changes to give ERISA attorneys like me something to do. The SECURE Act...By: Ary Rosenbaum

As I always say, being a mutual fund company with proprietary funds in their 401(k) plan makes them a target....By: Ary Rosenbaum

....One More Thing For Plan Providers, Some points to ponder. When Steve Jobs would lead an Apple press conference, he would always end it with "one more thing," which was an important announcement of a new Apple product. It was his trademark and it...By: Ary Rosenbaum

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) released its program results for 2019. EBSA’s enforcement and benefit advisor programs recovered over $2.5 billion in payments to plans, participants and beneficiaries....By: Ary Rosenbaum

How You Should Deal With Missing Plan Participants. What you need to do. Being a 401(k) plan sponsor isn't easy. Half the battle is identifying your responsibilities as a plan fiduciary. The other half is identifying compliance and fiduciary errors...By: Ary Rosenbaum

Often some things look good on paper and just don’t look good in practice like Crystal Pepsi or Arch Deluxe. Those business bombs cost the businesses that pushed them out. For 401(k) plan sponsors, they can ill afford to implement practices and...By: Ary Rosenbaum

I’m stubborn and there are just some things I don’t understand, so hear me out. I got a call not too long ago from a financial advisor about my practice and how I price my work on a flat fee basis. I told the advisor that I charge $2,000 for a...By: Ary Rosenbaum

1. Cost is an overused consideration for picking plan providers, value and quality are underused. 2. Target benefit plans are the Boo Berry Cereal of retirement plans. You know they exist, but you rarely see them....By: Ary Rosenbaum