Ary Rosenbaum – The Rosenbaum Law Firm P.C.

When It’s Time To Hire An ERISA Attorney

When I tell people that I’m an ERISA attorney, most people (including attorneys) don’t know what I do. While I’m not going to do a Rodney Dangerfield impersonation and claim I get no respect, the fact is that many plan sponsors…more

| Business Organizations, Finance & Banking, Labor & Employment Law,...

The Headache of Plan Loans

They often say that the road to hell is paved with good intentions. I don’t know who said it first (I heard it was originated with St. Bernard, the saint, not the dog), but perhaps they were a 401(k) plan sponsor that had a loan…more

| Commercial Law & Contracts, Labor & Employment Law, Finance & Banking

Seeing the Retirement Plan Dentist to avoid a Plan Root Canal

About a dozen or so year ago, there was a medical report that dental plaque could cause heart disease. The cynic in me tells me that this was some sort of dental conspiracy to increase revenue as fluoridated water and other…more

| Labor & Employment Law, Finance & Banking

The needs of the Plan outweigh the needs of the Plan Provider

A family member once said: “there are a lot of yous (sic) and only one me.” That may not be the nicest and most selfless thing to say, but that’s something retirement plan sponsors should think when it comes to the needs of the…more

| Labor & Employment Law, Finance & Banking

How a 401(k) Financial Advisor Can Limit Their Liability

There is the old saying that the cobbler’s children have no shoes. I know that firsthand when my mother threatened to call an electrician because my father the electrician didn’t have time to do some electrical work in our…more

| Business Organizations, Labor & Employment Law, Finance & Banking,...

ERISA 3(38) Fiduciaries, Big Tuna, and Buying Groceries

When the great Bill Parcells (go Big Blue!) was the head coach of the New England Patriots, he got into a tiff with owner Robert Kraft because Parcells wanted more of a say in the personnel decision-making process. Parcells…more

| Labor & Employment Law, Finance & Banking

A Plan Provider Success Story

I always talk about my open door policy with financial advisors and third party advisors where I will help these plan providers out without me actively seeking their business. I kind of have that liberty because it’s my own law…more

| Labor & Employment Law, Finance & Banking

Why Employers Should Sponsor a Retirement Plan

Starting and running a business is one of the hardest things out there and I know from experience in starting my own law firm. You start a business to make a living and when the need arises and when you can afford it, you need…more

| Business Organizations, Labor & Employment Law, Finance & Banking,...

Let it roll, let it roll (former employees’ account balances)

One of the rules I live by is that I believe that you should never let someone who dislikes you be in a position where they can hurt you. Let’s just say that have a former boss who should have taken that advice. That is why I’m…more

| Finance & Banking, Labor & Employment Law

Fidelity wins the high fee battle, but loses the war

Often time the newspaper will have big headlines on the front page when somebody gets busted, but a small paragraph when that same person gets cleared of all charges. That’s the nature of the newspaper business; if it bleeds, it…more

| Business Torts, Finance & Banking, Labor & Employment Law

Only 2 Things A Retirement Plan Sponsor Needs to Limit Their Liability

People in the professional services industry (legal, financial, or accounting) have a propensity to make something sound more important than it is. Those folks think that by making something sound more important than it is, it…more

| Business Organizations, Finance & Banking, Labor & Employment Law,...

Being a retirement plan provider and pro wrestling business terms

I am a fan of professional wrestling and I’m not ashamed to admit it. I kind of claim that I had no choice in the matter since both my grandfathers watched it, so I say that it’s in my blood. I have known it isn’t real…more

| Labor & Employment Law, Finance & Banking

DOL proposes a guide to fee disclosures

Any radical change to a business, industry, or an organization is going to take some time to adjust. Sometimes it becomes a work in progress because there maybe some tinkering with that change because of some negative blowback…more

| Labor & Employment Law, Finance & Banking

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