Ary Rosenbaum | The Rosenbaum Law Firm P.C.

Do you have it?

When it comes to being a retirement plan provider and selling your services, you have to have it. Those who have it, succeed. Those who don’t, don’t. You can’t get it from a bottle, a book, or course…more

4/23/2014 | Law Practice Products & Services

How a Plan Sponsor Can Avoid Being a Deer Caught in the Headlights

The term “deer in the headlights” explains the mental state of a person who shows behavioral signs that remind us of a deer subjected to a car’s headlights where the deer is in such panic that they show no motor reaction to…more

4/23/2014 | Business Organizations, Labor & Employment Law, Finance & Banking, Taxation

Retirement Plans aren’t built on an assembly line

Henry T. Ford is considered the father or the pioneer of the modern day assembly line of manufacturing. His development of the Model T and its way of manufacturing is considered one of the great developments in 20th century…more

4/22/2014 | Labor & Employment Law, Finance & Banking

Advisors have to offer Investment Education

Advisors ask me all the time of the role of education in participant directed 401(k) plans. Participant directed 401(k) plans that are governed under ERISA §404(c) offer the plan sponsors liability protection based on a…more

4/22/2014 | Labor & Employment Law, Finance & Banking

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

4/16/2014 | Business Organizations, Finance & Banking, Labor & Employment Law, Taxation

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

4/14/2014 | 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

4/9/2014 | Labor & Employment Law, Finance & Banking

This is What a TPA Does and Why a Retirement Plan Sponsor Should Hire a Good One

One of my favorite movies of all time is The Deer Hunter. It’s a story about the Vietnam War and the post-traumatic stress disorder a group of friends from Western Pennsylvania who were drafted together and fought alongside each…more

4/9/2014 | Business Organizations, Labor & Employment Law, Finance & Banking, Taxation

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

4/8/2014 | Labor & Employment Law, Finance & Banking

Defined Benefits Plans are to save $$$, not to make insurance salesman crazy $$$$

While the talk about retirement plans is usually centered on 401(k) plans, the value of a defined benefit plan for those companies that could afford it should not be discounted. Thanks to the generous deductible contribution of…more

4/3/2014 | Labor & Employment Law, Finance & Banking, Insurance

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

4/2/2014 | Business Organizations, Labor & Employment Law, Finance & Banking, Taxation

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

4/1/2014 | 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

3/26/2014 | 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

3/26/2014 | Business Organizations, Labor & Employment Law, Finance & Banking, Taxation

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

3/25/2014 | Finance & Banking, Labor & Employment Law

Ary Rosenbaum – The Rosenbaum Law Firm P.C.