Here’s that in Ary Rosenbaum’s voice — clear, direct, with a personal anecdote to drive the point home:
I’ve talked a lot about institutional share classes, revenue sharing, and the alphabet soup of fund share classes…
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/ Finance & Banking, Labor & Employment Law
Fidelity just dropped their Q1 2025 retirement analysis, and while average balances for 401(k), 403(b), and IRAs dipped slightly due to market volatility, there’s some good news buried under the market noise: participants didn’t…
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/ Finance & Banking, Labor & Employment Law
The Department of Labor just announced that its Employee Benefits Security Administration (EBSA) is giving its opinion letter program a much-needed facelift. For those of us who’ve been around the retirement plan block a few…
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/ Administrative Law, Finance & Banking, Labor & Employment Law
Retirement plan participation is up, but don’t pop the champagne just yet. According to Morgan Stanley at Work’s just-released State of the Workplace Report, while more employees are enrolling in their 401(k) plans, many are…
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/ Finance & Banking, Labor & Employment Law
After close to 30 years in this business—wearing the hats of TPA employee, ERISA attorney, plan document drafter, and occasional therapist to frantic plan sponsors—I’ve seen it all. The horror stories, the lawsuits, the missed…
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/ Finance & Banking, Labor & Employment Law
I was never going to be the guy—the one people rallied around, the golden child, the anointed one. I wasn’t the star quarterback of anyone’s career fantasy draft. More often than not, I was the last pick in the schoolyard…
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/ Business Organizations
The 401(k) match has long been one of the most powerful tools for building retirement savings. It’s the “free money” we’ve all been trained to chase—and advise our clients to chase. So when Fidelity, Schwab, and others start…
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/ Finance & Banking, Labor & Employment Law
ERISA is filled with traps for the unwary. Some are complex, hiding in layers of regulatory nuance. Others are deceptively simple—like plan forfeitures. Yes, I’m talking about those dollars left behind when participants fail to…
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/ Administrative Law, Labor & Employment Law, Taxation
When I was at American University Washington College of Law, the dean at the time was a man named Claudio Grossman. He was from Chile and seemed to carry that fact around like a passport that needed stamping at every…
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/ Education Law, Law Practice Products & Services
In the world of retirement plans, some stories feel like déjà vu with a fresh set of dollar signs. The latest lawsuit filed by former participant Brian Byrne against TIAA and its associated retirement plans is no exception. But…
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/ Finance & Banking
The 401(k) world has long been a place where innovation comes with a compliance manual and where “benefits” are often tied up in strings long before they reach employees. But sometimes, a change comes along that feels like a…
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/ Administrative Law, Finance & Banking, Labor & Employment Law
I enjoy business history and why certain businesses and organizations fail. I knew Sears and Blockbuster Video would fail, years ahead of time. I knew the synagogue where I was a member and where my son had his bris, would fail…
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/ Finance & Banking, Labor & Employment Law
The Department of Labor’s Employee Benefits Security Administration (EBSA) released Compliance Assistance Release No. 2025-01. For those of us keeping track at home, this new guidance effectively rescinds the now infamous 2022…
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/ Administrative Law, Finance & Banking, Labor & Employment Law
UBS has found itself the latest target in the growing wave of ERISA litigation surrounding the handling of forfeitures in 401(k) plans. In Czakoczi v. UBS AG et al., filed in the District of New Jersey, the allegations mirror a…
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/ Administrative Law, Finance & Banking, Labor & Employment Law
Here’s the short version: the Department of Labor’s decision to reopen the Biden-era ESG rule is overdue—and welcome…
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/ Administrative Law, Finance & Banking, Labor & Employment Law
