Monthly Archives: February 2012

What small plans have to fear

They always say that the concern over small retirement plans is overblown, that they never get sued. While much litigation from plan participants have avoided smaller plans (ERISA litigators like big asset plans), small plans are still at risk from … Continue reading

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The real role of a retirement plan financial advisor

One would think that the role of a retirement plan financial advisor is to pick plan investments. Most plan sponsors think that way and some financial advisors think as well. Some financial advisors promote their brilliant picking of actively managed … Continue reading

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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10 Major Misconceptions Retirement Plan Sponsors Have About the Fee Disclosure Regulations

For my latest JDSupra.com article, please click here.

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There can be a wide difference in quality of service among TPAs

In any service industry, the quality of service and price can be far and wide. While people say that I focus way too much on the workings on the third party administration (TPA) business, I have more experience in that … Continue reading

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6 Major misconceptions plan sponsors have about the Fee Disclosure Regulations

6. If the plan sponsor is happy with their providers, they don’t have to determine whether the fees are reasonable or not 5. If their plan is using an insurance company provider, it must be expensive. 4. The more expensive … Continue reading

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Why you Shouldn’t Hire your Friends or Family as your Retirement Plan’s Financial Advisor

They often say that it doesn’t matter what you know, it’s who you know. At one time or another, we have all derived a form of financial benefit because of someone we know. It could be through someone we had … Continue reading

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Why Obama’s 401(k) deferral phaseout proposal is all wrong

First the Federal Government created a retirement system where the retirement age was 65 when the average life expectancy was 64 for women and 60 for men. Now Social Security is starting to resemble a Ponzi scheme when life expectancy … Continue reading

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Thanks to the DOL for stating the obvious

Nice article on RIABiz.com about how the Department of Labor (DOL) included in the final rules on fee disclosure regulations a requirement for plan sponsors to fire their advisors if they fail to provide information regarding fees and information about … Continue reading

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Defined Benefit plan should be used as a savings vehicle, not as a vehicle to sell life insurance

While the talk about retirement plans is usually centered on 401(k) plans, the value of a defined benefit plan for those companies that could afford it should not be discounted. Thanks to the generous deductible contribution of the requirements of … Continue reading

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