Monthly Archives: June 2020

There is nothing wrong with criticism

When I was at law school at American University Washington College of Law, I was the Executive Editor of The American Jurist, which was the student newsmagazine for my final year of law school. I wasn’t a particularly fond fan … Continue reading

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The choice is clear

I may not remember what I ate for lunch yesterday, but I remember everyone who was ever nice to me when I first started working and I remember better the ones who didn’t. I worked with a lot of people … Continue reading

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You can’t be what you’re not

This summer will be Camp Ary as both of my kids had their camps canceled for the summer, thanks to the Coronavirus. My son’s sleepaway camp and my daughter’s day camp were canceled. While both camps were allowed to open, … Continue reading

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E-disclosure should lower fees too

It’s great that the Department of Labor (DOL) has finally embraced the electronic disclosure of important ERISA notices. It took them a long time, but when your business is trying to protect participant rights, this is what you have to … Continue reading

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When you need a VCP application, make sure you cover all the errors

The Internal Revenue Service (IRS) Voluntary Compliance Program (VCP) is one of the best methods for retirement plan sponsors to come clean and cost-effectively fix their plan errors, rather than getting hammered with substantial fines and penalties on an IRS … Continue reading

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The eventual effect of COVID-19 on this business

When fee disclosure regulations were promulgated in 2012, you could see the changes a mile away. While some chicken littles thought the sky was falling, I knew it would lead to a more competitive marketplace and there would be no … Continue reading

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The Rosenbaum Law Firm Review

My latest newsletter can be found here.

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Vantage Benefits Owners Plead Guilty

I knew Jeff Richie from Vantage Benefits, spoke to him a couple of times ago, and wrote an article for his company regarding fiduciary services. Like with Matt Hutcheson, Jeff Richie was embezzling the money clients entrusted him with as … Continue reading

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Of course, matching contributions are being cut

I always joke that anytime there is a snowstorm, the local channels should just recycle their old stories about how people get prepared for the storm at the local Home Depot or supermarket. The same can be said about articles … Continue reading

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DOL to allow private equity investments in DC Plans

The Department of Labor (DOL) released some new guidance that might facilitate the inclusion of private equity (PE) exposure in participant-directed defined contribution (DC) plans ERISA. The guidance contemplates the viability of multi-asset target-date, target-risk, and balanced funds made available … Continue reading

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