Author Archives: admin

DOL on verge of issuing MEP guidance

Six years since the Department of Labor (DOL) advisory opinion that required commonality between adopting employers of the multiple employer plan (MEP) in order for the MEP to be considred a plan, the DOL failed to issues guidance on MEPs. … Continue reading

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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Detail those hardship requests

When I draw up a new 401(k) plan for a client, I tend to be liberal in distribution provisions by allowing loans, in-service distributions at 59 ½, and hardship distributions. I believe that there are situations where a participant really … Continue reading

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The Problem with 3(16)

Over the last few years, we’ve seen the proliferation of companies offering ERISA §3(16) services. This is a natural growth of advisors offering ERISA §3(38) services, so 3(16) was a great way for third-party administrates (TPAs). Like 3(38), TPAs and … Continue reading

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Classic 401(k) Plan Sponsors Mistakes That Often Leads To Costly Fixes

My latest article on JDSupra.com can be found here.

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My Problem With Networking Events

I used to attend a lot more networking events when I first started my law firm when I had very little clients and I think that experience, unfortunately, made me attend far fewer events. Networking is an integral part of … Continue reading

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The problem with nepotism

When you have a family run business, nepotism is in a strong possibility when the children get involved. When my local school board doles out jobs to their kids, that I have a problem with. When a family run business … Continue reading

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They Say Their Plan is OK, But Plan Sponsors Usually Have No Idea

My latest article for JDSupra.com can be found here.

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Don’t panic if a provider you knows gets sued, but….

As a plan sponsor, you’re always going to run into another plan provider that is interested in picking you as a client. Plan providers can only grow their business by adding new clients, so it’s a part of the game. … Continue reading

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Don’t let the best employees be low in the pecking order

I’m a big fan of Survivor since day one. One of the more memorable seasons in the beginning was the fourth season on the island of Marquesas. Besides the first appearance of Boston Rob (who played his worst game), it … Continue reading

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