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Bad advice can create bad IRS and DOL assumptions

A financial advisor called me and asked me if there was a problem that an insurance policy paid by ...

by Ary Rosenbaum, That 401(k) Guy

Focus on what the competition isn’t

When I started my law practice almost 15 years ago, I started to look at what the competition was d...

by Ary Rosenbaum, That 401(k) Guy

Get the best person for the job, period.

I’m a long-suffering fan of the Mets and, I’ve had to deal with the underwhelming leadership of...

by Ary Rosenbaum, That 401(k) Guy

You don’t have as much leverage as you think

As a plan fiduciary, I still can’t believe it. A Third Party Administrator (TPA) we terminated wa...

by Ary Rosenbaum, That 401(k) Guy

I got no sympathy for employees who do bad

Friday, I was supposed to attend the New York Comic Con for a special session since I had a wholesa...

by Ary Rosenbaum, That 401(k) Guy

I hate surprises and make sure plan sponsors don’t have any

Most plan screwups happen when either the plan provider doesn’t ask and/or the plan sponsor doesn...

by Ary Rosenbaum, That 401(k) Guy

When working with plan providers, don’t burn your bridges

For the last two months, I had two phone call conversations with plan providers that I haven’t ta...

by Ary Rosenbaum, That 401(k) Guy

Do what’s right for the client

As many of you know, a substantive part of my income is independent fiduciary work. Whether it’s ...

by Ary Rosenbaum, That 401(k) Guy

Employees will screw up, be honest in fixing it

“A lot of holes in the desert, and a lot of problems are buried in those holes. But you gotta do ...

by Ary Rosenbaum, That 401(k) Guy

Great selling, but be right

There are a lot of people in the retirement plan business that are great at selling. I always said ...

by Ary Rosenbaum, That 401(k) Guy