Get those contracts reviewed

Ary Rosenbaum
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

One of the biggest problems for my clients after they hire me is that they realize that they never bothered to review the plan provider contracts that they signed long ago. There might be surrender charges or termination fees that they never anticipated. In the past, I’ve had plan sponsors figure out there were 7% surrender charges out there because they decided to break a 7-year contract with their bundled provider.

You can avoid that kind of sticker shock by having counsel reviewing those agreements before they’re signed. The few hundred bucks in legal fees can avoid unnecessary surrender charges later that will dwarf any legal fees you’re paying upfront

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.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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