Author Archives: admin

The warranty in the electronics business is gravy for the retailers who sell it. You’ll be surprised how many people pay $20 to get a warranty on a $100 Blu-Ray player. When Best Buy was going national, they advertised how … Continue reading →

For plans that require an independent audit, the point of the audit is to determine the financial health of the plan to pay benefits to participants. One aspect is looking at the terms of the plan document, and making sure … Continue reading →

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

Inflation is affecting retirement plan limits again. Starting in 2024, employees can contribute up to $23,000 into their 401(k), 403(b), most 457 plans or the Thrift Savings Plan for federal employees, up from $22,500 in 2023/ The catch-up contribution limit … Continue reading →

Registered investment advisor (RIA) Creative Planning announced the purchase of Mesirow’s corporate retirement advisory services team. Mesirow services over 350 retirement plans, representing approximately $13 billion in assets under advisement and management. As of July 1, Creative Planning’s assets under … Continue reading →

The Department of Labor proposed a new fiduciary rule. The proposed rule would end the traditional five-part test for determining if an adviser is acting in a fiduciary capacity and replace it with a three-part test in which satisfying any … Continue reading →

Despite my concerns about allowing crypto options in 401(k) plans, that issue will be back for us. As Bitcoin is at $37,000 and rising, there is expected approval of Bitcoin Exchange Traded Funds. While the Department of labor has warned … Continue reading →

A friend of mine advised me of the recent death of the owner of a third-party administration (TPA) firm, that I actually introduced the friend to. I remember when that TPA owner first called me, it was a few months … Continue reading →

Before I officially started my own practice as my sole revenue generator in 2010, I started the law firm about a decade earlier because I probably knew I would be on my own. The first idea for The Rosenbaum Law … Continue reading →

Fee disclosure regulations and a whole bunch of excess fee settlements in litigation have curbed excessive fees. So ERISA litigators, especially on the low end, are trying to. find angles for litigation. The Blackrock Target Date Fund cases were abysmal … Continue reading →