Monthly Archives: October 2019

The Rosenbaum Law Firm Revciew

My latest newsletter can be found here.

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The Truth About Your Need Of A 401(k) Investment Policy Statement

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

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The Legend of the Korean Fish Store

I grew up in Brooklyn and the area I originally lived in is called Midwood and I lived right off a street called Avenue M. It has always been a Jewish neighborhood and over the last 35 years, it’s become … Continue reading

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The self-correcting problem of late deferrals

When the 5500s are due and audits have to be completed, there is always an issue regarding late deferrals when the employer failed to remit these contributions as soon as possible. As of right now, late deferrals are my most … Continue reading

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It’s better than nothing

Small employers have a tough time affording 401(k) plans, that’s a fact. 401(k) plans aren’t cheap and most of the savings touted by multiple employer plans aren’t there. So many companies and governments are offering SEP-IRA or other IRA programs … Continue reading

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Coverage Testing is a Big Deal

When you look at the problems of retirement plans, one that gets short shrift is coverage and that is one of the pillars of qualified plans needed to be fulfilled to be a qualified plan. It’s a forgotten rule of … Continue reading

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IRS tells us what their priorities are

One great about the Internal Revenue Service is that they tell us what they’re up to. They will tell us what their priorities on, so we will know what they will concentrate on. It’s best as a retirement plan provider … Continue reading

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The one article I won’t write

I write a ton of articles as you may know and I will have advisors contacting me and suggesting some topic titles. I have adapted some of these suggestions, but there is the one I had to turn down. I … Continue reading

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You need a change of culture to change

Long term businesses in the retirement plan business don’t die overnight. It takes a very long time as we see with Sears, the goodbye takes a long time. A dying business can change course, but the problem is that there … Continue reading

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Just another TPA error

Retirement plans with more than 100 participants require a CPA audit for their Form 5500. However, small plans with less than 100 participants may sometimes require an audit. This often happens when more than 5% of the Plan’s assets are … Continue reading

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