Legal News

....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

I’m not a fan of reporting legislation, but this piqued my interest. Sen. Pat Toomey (R-PA), a member of the Senate Finance Committee, is working on a bill that would allow plan participants to withdraw funds from their 401(k), 403(b), 457(b) and...By: Ary Rosenbaum

Charles Schwab, the largest publicly traded discount brokerage firm and of the largest custodian of 401(k) plan assets has agreed to acquire TD Ameritrade for an all-stock transaction valued at $26 billion....By: Ary Rosenbaum

Amazon is a mover and shaker in e-commerce and they have a pretty large 401(k) plan now. As of the end of 2018, their 401(k) plan has almost $6 billion in assets.......By: Ary Rosenbaum

When you’re trying to buy a product or service, many times you’re being oversold things that you don’t need like that extended service warranty on a cheap Blu-ray player or etched glass on a new cae. Well, retirement plan sponsors are sold services...By: Ary Rosenbaum