Unfortunately many people, attorneys alike, do not have the important knowledge and experience necessary to manage a successful retirement plan. Whether it’s a 401(k), 403(b), or 457(b) the rules are quite complex and anyone looking for financial security after retirement must carefully choose who will manage their plan. 

That is why experienced ERISA attorney Ary Rosenbaum has spent the past 12 years perfecting his craft. He says that too often people use their payroll provider to run their 401(k) plans, which is a mistake. He strongly advises against putting your retirement plan in the hands of your payroll provider, and he gives several poignant reasons in his popular article featured on JDSupra entitled “Why you Shouldn’t Hire Your Payroll Provider to Run Your 401(k) Plan.” 

Rosenbaum follows an important rule in business, “I stick to what I know.” And his expertise is in retirement plan and ERISA issues, which he discusses in his new course on Lawline.com entitled “How to Help Your Clients Avoid the Pitfalls of 401(k) Plans.” One of the many pieces of advice he gives is to avoid allowing third party administrators to run your plan. He says that because they are not trained to be experts in the complex issues related to retirement plans, they should not be given the responsibility of dealing with them.

To learn more about the successful 401(k)s watch Lawline.com’s exclusive new episode by Ary Rosenbaum,“How to Help Your Clients Avoid the Pitfalls of 401(k) Plans”

Read Ary Rosenabum's article on JD Supra "The Myth of Free 401(k) Administration"

Read Ary Rosenbaum's article on JD Supra "The Top Ten Major Misconceptions Plan Sponsors Have About Retirement Plans"