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M&A, 401(k) & The Plan Sponsor: What You Need To Know

by Ary Rosenbaum on

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined. M&A is an extremely important concept in the world of...more

Why Your 401(k) Plan Should Get a Tune-Up

by Ary Rosenbaum on

Cars are built better today and the engine tune-up that was needed after 50,000 to 75,000 miles isn’t needed until later on to replace spark plugs and timing belts. However, there are still little preventive things that need...more

Trying To Understand A Plan Sponsor’s Irrational Decisions Isn’t Easy

by Ary Rosenbaum on

As retirement plan providers, we know that it’s very hard to recruit new plan sponsor clients. Getting the attention of a plan sponsor is hard because many aren’t interested in their fiduciary responsibility. Even after...more

The Benefits of Advanced Analytics for Financial Institutions: A Breakthrough for Efficiency and Compliance

by Epiq on

Many attorneys are under the impression that keyword searches are the core of discovery. Their assumption is that the natural (and perhaps only) method for locating documents is to run a simple language search through a large...more

That 401(k) Conference, June 2018 - Information on Sponsorship

by Ary Rosenbaum on

Brochure for plan providers, interested in co-sponsing the first That 401(k) Conference in June 2018....more

That Fiduciary Warranty Is Not Worth The Paper it’s Printed On

by Ary Rosenbaum on

A 401(k) plan sponsor is also a plan fiduciary and they have the responsibility to prudently run their plan. One major issue for a plan sponsor to figure out is which plan providers will mitigate some of their liability by...more

Never leave a bad taste in the mouth of the one who brings you business

by Ary Rosenbaum on

I was working with an advisor recently, who had issues with one of those third party administrators (TPAs) I warn people about. Yeah, you know the folks who do payroll as are TPAs on the side....more

The Word On The Street On What 401(k) Plan Sponsors May Need

by Ary Rosenbaum on

The greatest thing about the Internet is the distribution of information that people used to have to rely on an Encyclopedia or other reference materials to find out information on a specific topic. This is so true of...more

Never Hire Your Friends Or Family As Your Retirement Plan’s Financial Advisor

by Ary Rosenbaum on

I live in an unincorporated village in Nassau County called Oceanside. We have a school board there that doesn’t have issues about hiring friends and family for teaching positions and low paid aide positions. In fact, 3 out...more

Popular Reads on JD Supra

by JD Supra Perspectives on

A recap of popular posts published on JD Supra during January, 2018....more

Advisors Advantage - February 2018

by Ary Rosenbaum on

A Call For A New Standard For Financial Advisors. A higher standrad for today. Over the last 10 years, there has certainly been a revolution among 401(k) financial advisors about the need and concern of good fiduciary...more

A Call For A New Standard For Financial Advisors

by Ary Rosenbaum on

Over the last 10 years, there has certainly been a revolution among 401(k) financial advisors about the need and concern of good fiduciary practices for plan sponsors. The days of 401(k) financial advisors never showing up to...more

The Most Avoidable Errors Of A 401(k) Plan Sponsor

by Ary Rosenbaum on

There are a lot of times where you’ll suffer a mishap because there are certain things beyond your control. However, there are many instances out there where a mishap occurs because you failed to do something so simple like...more

A Plan Sponsor’s Guide To Selecting Retirement Plan Providers

by Ary Rosenbaum on

Since I was about nine and saw it on HBO, one of my favorite movies has been Caddyshack. I loved Caddyshack years before I even liked golf and years before I was mature enough to get all the jokes. One of my favorite scenes...more

Things That Plan Providers Don’t Tell You as a 401(k) Plan Sponsor

by Ary Rosenbaum on

When my wife and I bought our house, there were quite a few things that the previous owner forgot to tell us such as the fact they never bothered to pull the pipes from the dental office run by a previous owner 20 years...more

LEI delay helps firms but the pressure is still on

On December 20, 2017, the European Securities and Markets Authority (ESMA) announced a six month Legal Entity Identifiers (LEI) grace period, but firms must be in the process of obtaining client LEIs. You need the insight...more

Plan Providers Should Encourage Participants To Rollover Assets

by Ary Rosenbaum on

There are so many issues in advising retirement plan sponsors in your role as a retirement plan provider that you may forget a thing or two that could help your clients and you in the long run. One facet of the business that...more

The JD Supra Top 50 - Popular Legal Topics in 2017

by JD Supra Perspectives on

A look at some of the most popular topics on JD Supra during all of 2017....more

Whether A Plan Sponsor Should Hire An ERISA §3(16) Administrator

by Ary Rosenbaum on

Running a business is a complicated activity. You have to be an expert in your field, service, or specialty. In order to get your work, there is a point where you will need to outsource some key employer functions such as...more

It Happened! Changes In The 401(k) Industry That Could Affect Your Plan

by Ary Rosenbaum on

I’ve been a boxing fan since I was a kid when Marvin Hagler, Larry Holmes, Aaron Pryor, Tommy Hearns, Sugar Ray Leonard, and Mike Tyson were the premier boxers. One of my favorite boxing moments was in 1994 when 45-year-old...more

Landmark decision awards security for costs against third-party funder in excess of funder’s commitment

by White & Case LLP on

The decision in Sandra Bailey & Others v GlaxoSmithKline UK Limited on 8 December 2017 examines the exposure of third-party funders to security for cost applications and considers whether the so-called Arkin cap is of any...more

Plan Sponsors Need To Deal With A Whole New 401(k) World

by Ary Rosenbaum on

I’ve been an ERISA attorney for over 19 years and 401(k) plans have dramatically changed because of law changes, technological change, and changes in the marketplace. The problem is that most plan sponsors are stuck back in...more

Billable Bitcoins: Why it Pays for Lawyers to Accept Cryptocurrency

With bitcoin and other cryptocurrencies reaching shocking new prices seemingly every day, some people have finally started putting the new payment systems to real use – paying lawyers. Earlier this fall Nebraska became the...more

Another TPA joins Alliance Benefits Group

by Ary Rosenbaum on

One of the great supermarkets in my area is ShopRite and it’s one of the unique successes in the supermarket business. ShopRite is a co-operative consisting of individual supermarket owners who band together for purchasing...more

The Rapidly Shifting Law Firm: Responding to Client Needs and Building Trust

by Goodwin on

Goodwin Senior Counsel Brackett Denniston, former Senior VP and general Counsel at GE, recently sat down with Mike Caplan, Goodwin’s Chief operating officer, to discuss the shifting demands on today’s law firms and how to...more

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