401(k) Plan Sponsors: It’s Time To Wake Up

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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Anytime I travel, I ask for a wake up call even though my IPhone will blare “Eat the Rich” by Aerosmith at the same time because you can never be too careful. When I travel around the country to speak, I want to make sure I don’t sleep through my allotted time. When it comes to being a retirement plan sponsor, employers never had a wake up call about their fiduciary duty for years and now that there is one, many plan sponsors are still sleeping through it. So this article is about how the rules concerning retirement plans have changed and how 401(k) plan sponsors need to wake up and take notice of these changes.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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