As a lawyer, I’ve heard plenty of lawyer jokes and some of them are amusing. I once said at law school that I now know why lawyers have terrible reputations because I met some of these lawyers at law school. While lawyers don’t have the greatest reputation in terms of occupations, that shouldn’t deter a plan sponsor from hiring one. We don’t bite; at least most of us don’t. Seriously, plan sponsors should get over their phobia of lawyers and hire an ERISA attorney when they need to. This article is about when and why retirement plan sponsors should hire an ERISA attorney.
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