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Benefit Plan Sponsors › Fee Disclosure › Third Party Administrators

Snell & Wilmer

An Interesting Intersection: No Surprises Act Claims and the New Fee Disclosure Requirements for Group Health Plans

Snell & Wilmer on

As reported in our January 7, 2022 SW Benefits Blog “The DOL Asks and Answers Questions About the New Welfare Plan Fee Disclosure Rules,” group health plans must now comply with the ERISA Section 408(b)(2) disclosure...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

TPAs need clear contracts

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

As an ERISA attorney, my retainer agreements are pretty straight and clear. Governed by the laws that govern attorney behavior, I have no choice. Yet, Third Party Administrators (TPAs) don’t have guidelines to live by. ...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Plan providers and the beauty of a direct fee

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

For my first year of law school, I had a renowned criminal law professor. He had a penchant for ties and an odd love for Melrose Place (I was a Dallas guy myself). For his final law exam, the fact pattern for the final exam...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Clearing up my views on producing TPAs

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

A few weeks back, I published a blog post on some third-party administrators (TPAs) are not really in the administration business but are in the business of selling insurance and assets. So I used some examples from my past...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Dear Plan Sponsors, it’s about Reasonableness

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

Thanks to fee disclosure regulation and litigation against plan sponsors, plan sponsors are focusing on the costs of administering their plan. That’s great, but there’s a problem because of the focus. A study recently shows...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Bottom Line On What Retirement Plan Sponsors Need To Do

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

I worked for a third party administrator (TPA) for almost 5 years and one of my favorite things about the boss there was that he just wanted to cut to the chase. We had an actuary who developed a speech im- pediment when he...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Advisors Advantage - December 2014

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

In This Issue: - Pearls of "Wisdom" for 401(k) Plan Providers. - Bells and whistles not being used is worse than having no bells and whistles. - The Fallout from Fee Disclosure continues. - As a 401(k)...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

This is What a TPA Does and Why a Retirement Plan Sponsor Should Hire a Good One

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

One of my favorite movies of all time is The Deer Hunter. It’s a story about the Vietnam War and the post-traumatic stress disorder a group of friends from Western Pennsylvania who were drafted together and fought alongside...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Future Threats That a 401(k) Plan Sponsor Should Be Aware Of

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

What was good yesterday might not be a good today. Asbestos was a great fireproof building material until it was found to cause asbestosis and malignant mesothelioma Thalidomide was a great drug for morning sickness until it...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Things They Never Tell You as a 401(k) Plan Sponsor

Ary Rosenbaum - The Rosenbaum Law Firm P.C. 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

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