Ary Rosenbaum - The Rosenbaum Law Firm P.C.

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734 Franklin Avenue
Suite 302
Greater New York City Area, New York 11530, United States
Phone: 516.594.1557
Fax: 516-368-3780
Areas Of Practice
  • Business Organizations
  • Labor & Employment Law
  • Taxation

BlackRock Lifepath lawsuits were a dud

I knew early from my law school days that I had zero interest in litigation. It was probably from Moot Court when that second year law student admonished my tie. I late discovered this second year law student was the mastermind…more
 /  Civil Procedure, Finance & Banking, Labor & Employment Law

Don’t make the interview process a living hell

A friend of mine is interviewing for a new job. What was supposed to be one interview has morphed into three. All, it did was bring up bad memories for me. There is nothing as hopeful and agonizing as interviewing for a…more
 /  Labor & Employment Law

The Intangibles You Need To Succeed In The 401(k) Business

The most disappointing part of going to law school was the lack of practicality. Sure, it helps you think like a lawyer and teach you the basics of the law, it never helped with becoming a successful lawyer or how to draw a dime…more
 /  Finance & Banking, Labor & Employment Law

The whole job offer fiasco

I have been an ERISA attorney since 1998. More than half my career now has been in my practice for 15 years this April. For about a three-year run from 2007-2010, I had three different jobs, and the whole process of working for…more
 /  Labor & Employment Law

Merit buys Sanctuary Wealth

Merit Financial Advisors, a financial advisory firm based in Georgia, recently announced its acquisition of Sanctuary Wealth Management, LLC, and Fiduciary Services, LLC. This deal will enable Merit to establish a presence in…more
 /  Finance & Banking, Mergers & Acquisitions

DOL unveils Model VFCP Model Participant Notice

The Department of Labor (DOL) has issued a model notice for applicants to the Voluntary Fiduciary Correction Program (VFCP)…more
 /  Finance & Banking, Labor & Employment Law

Bill proposed to waive early withdrawal penalty for fraud

Last week, Rep. Haley Stevens (D-MI) introduced legislation aimed at waiving early withdrawal penalties for victims of retirement account fraud…more
 /  Consumer Protection, Finance & Banking, Labor & Employment Law

The Choices You Make, That Can Land You In Trouble As A 401(k) Plan Sponsor

Our lives are the sum of our choices, at least that is what the trailer for the next Mission Impossible moving is telling me. When I was a kid, I would read these Choose Your Own Adventure books where the story and outcome were…more
 /  Finance & Banking, Labor & Employment Law

Be Choosy When Picking Your 401(k) Plan’s TPA

I was very lucky that when I started as an ERISA attorney in 1998, I worked as a staff attorney for a third-party administrator (TPA). It gave me insight and experience that I could never have gotten as an attorney working for a…more
 /  Finance & Banking, Labor & Employment Law

Chavez-DeRemer is the new DOL Secretary

The Senate approved President Trump’s nominee to be the next Secretary of Labor…more
 /  Elections & Politics, Labor & Employment Law

Schwab Self-Direct 401(k) plans gain 13.6% in 2024

The average Self-Directed Brokerage Account (SDBA) 401(k) balance at Charles Schwab finished the fourth quarter of 2024 at $352,605, up by 13.6% since 2023, according to Charles Schwab’s latest SDBA Indicators Report…more
 /  Finance & Banking, Labor & Employment Law

Clorox forfeiture case goes forward

The U.S. District Court for the Northern District of California has decided not to dismiss a class action lawsuit against The Clorox Company and the employee benefits committee of The Clorox Company 401(k) Plan. The lawsuit…more
 /  Labor & Employment Law

Another market correction is a pause for concern

I’ve been in the retirement plan business for 26 years and I’ve been through a few recessions in that time. There was the dot-bomb implosion, added by 9/11. Let us not forget when our entire financial system was on the verge of…more
 /  Finance & Banking, Labor & Employment Law

Providing Info to Participants

ERISA requires disclosure of certain plan documents to participants including a summary plan description, statements, and notices. The problem is what do you do with people who aren’t participants such as potential employees?…more
 /  Finance & Banking, Labor & Employment Law

Need to differentiate yourself among the big boy and big girls

Recordkeepers and Third Party Administrators (TPAs) need to either scale up or innovate. The trend of consolidation in the TPA industry makes it increasingly difficult to compete against larger firms…more
 /  Business Organizations, Mergers & Acquisitions
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