A Plan Sponsor Should Seek Out A Retirement Plan “Dentist”

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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More than a dozen years ago, there was a medical report that dental plaque could cause heart disease. I thought it was some sort of dental conspiracy to increase revenue as fluoridated water and other dental hygiene products have had to have a negative effect on the dentists’ bottom line. Regardless of my cynicism, good oral health is important because many health problems are actually derived from poor oral hygiene. While some people only see a dentist when something in their mouth hurts them, many visit the dentist for annual or semi-annual checkups as preventative care, to avoid dental problems later. Brushing, flossing, and checkups help avoid root canals, caps, and dentures. As an ERISA attorney, sometimes I see myself as a retirement plan dentist. While some plan sponsors only seek counsel from an ERISA attorney when something terribly goes wrong with their retirement plan, there are many plan sponsors these days that seek ERISA counsel as a form of preventative care for their retirement plans. Seeking counsel from an ERISA attorney can be like seeking a dentist in avoiding greater harm. So this article is why retirement plan sponsors should see the help of a Retirement Plan Dentist before having a retirement plan root canal.

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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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