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What financial advisors really do

One would think that the role of a retirement plan financial advisor is to pick plan inves...

The Magic Bullet of 404(c) Compliance

ERISA §404(c), is the code section that may limit a plan sponsor’s liability in retirem...

Sometimes, they get it

As an ERISA attorney, I do get to talk to a lot of financial advisors and ERISA independen...

The Truth about plan disqualification

In the movie Casino, Robert De Niro’s character Lefty Rosenthal warns Joe Pesci’s char...

Beware of TPAs who are really insurance sales people

A friend of mine who is a financial advisor asked me about a third party administration (T...

Schlichter hit with $1.5 million sanction

Being an ERISA litigator isn’t as easy as one may think. For class action lawsuits, youâ...

The Part Time, Long Term Problem

The SECURE Act made a profound change that will affect any 401(k) plan with part time empl...

MGM Resorts craps out with 401(k) lawsuit

Sometimes, the house misses. MGM Resorts International has been sued by participants of it...

It’s a Process and Not A Result

Advisors ask me all the time of the role of education in participant-directed 401(k) plans...

Starting from Nothing

I always talk about my frustrating experience at a certain semi-prestigious Long Island la...