News & Analysis as of

Retirement

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

You can’t sell Betamax in a VHS World

A plan provider once asked me if I had written a comprehensive article on why trustee-directed 401(k) plans are superior to participant-directed plans. Although I believe in this argument, I haven’t actually written such an...more

Hogan Lovells

Statutory retirement age reform in China

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According to the 2023 National Aging Development Bulletin released by the Ministry of Civil Affairs and the National Aging Office on October 12, 2024, China's elderly population aged 60 and above, as of the end of 2023, has...more

Hogan Lovells

What's new in the UK Pensions legal landscape? 24 March 2025

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This update covers: On 20 March last week, the Finance Bill received Royal Assent and became the Finance Act 2025. The provisions relevant to pensions make changes to: Further details are given below....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The thing about too much choice in 401(k) plans

In life, choice is usually a good thing. However, when it comes to daily valued 401(k) plans, too many choices aren’t a good thing. It sounds counter-intuitive, but too many choices offered to plan participants is usually a...more

Fisher Phillips

SCOTUS Predictions: Supreme Court Will Rule Against Retired Firefighter in Post-Employment ADA Case

Fisher Phillips on

The Supreme Court will soon decide whether a retiree can sue a former employer under the Americans with Disabilities Act (ADA) for discrimination in post-employment benefits. While the 11th Circuit Court of Appeals held that...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Retirement Account Balances are up

According to Fidelity, Retirement account balances have reached all-time highs. At the end of 2024, the average balance in 401(k) plans was $132,300, and in 403(b)s, it was $119,300. The average overall contribution rates are...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Thing You Have To Fear As A 401(k) Plan Sponsor

I n his inauguration speech, Franklin Delano Roosevelt said that “the only thing we have to fear is fear itself.” 401(k) plan sponsors have more to fear than fear itself except the problem is that they’re unaware that they...more

A&O Shearman

Pensions: what's new this week - March 17, 2024

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Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Minister's speech on pensions policies - The Pensions...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Make sure the employee exclusions are correct

As a 401(k) plan sponsor, you need to operate according to its terms. The concept is silly, but the fact is that most plan sponsors never read the plan document. You might think you’re excluding or including union employees,...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

That 401(k) National Virtual entertains

That 401(k) National Virtual Conference had its 5th edition on January 30-31. Over 110 people signed up for a free event with over 8 hours pf programming....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Get 401(k) Plan Providers That Will “Hold” Your Hand

When we were younger, we needed all the help we could get. We needed that guiding light to show us the difference between right and wrong, and to learn about life. That could have been a parent, a grandparent, or an older...more

Nossaman LLP

Court of Appeal Upholds Limits on Pensionable Pay of Former Union President

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In Serrano v. California Public Employees Retirement System (Case No. C098392, February 25, 2025), the Third District Court of Appeal unanimously upheld the CalPERS Board’s exclusion of certain compensation paid to a member...more

Fox Rothschild LLP

Appellate Division Addresses Termination of Alimony at Retirment, Focusing on Whether Recipient Had or Could Have Saved for...

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Even before the alimony statute was amended in 2014, there was a misconception that permanent alimony was actually permanent and could not be modified under any circumstances. I heard that tired argument many times despite...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

People like their 401(k)s

According to new research published by the Investment Company Institute (ICI), Americans like their retirement plans. ICI’s research report “American Views on Defined Contribution Plan Saving, 2024” finds that almost 75% of...more

Offit Kurman

The Gray Tsunami: How Retiring Business Owners Can Prepare for a Successful Sale

Offit Kurman on

There is a significant demographic shift headed our way known as the “gray tsunami,” as a very large portion of the American population will reach retirement age and eventually exit the workforce. In fact, we are at a peak...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Got A Great 401(k) Idea? Here’s A Few Tips

I ’ve been in the retirement plan business for over 26 years. I’ve heard a lot of great 401(k) product pitches and a lot of bad 401(k) pitches. Even the greatest ideas can fail, because of circumstances and budget. If the...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

DOL changes? Maybe not so fast

With the change of Presidential administrations, there was certainly a discussion on what the Department of Labor (DOL) may do under President Trump regarding 401(k) plans. As far as regulations, an Executive Order may halt...more

Orrick, Herrington & Sutcliffe LLP

FDIC parts ways with probationary employees

On February 18, the FDIC will reportedly undergo significant workforce reductions and terminate approximately 170 probationary employees as part of ongoing personnel cuts at the Corporation. Probationary employees, who may...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Hancock and Vestwell team up

John Hancock has launched FutureStep, an open-architecture retirement plan offering powered by Vestwell....more

Seyfarth Shaw LLP

Seyfarth’s SCOTUS Employment Law Roundup: A Win for Employers Defending Exemptions Under the FLSA, and Two Other Cases to Watch

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In an important opinion for employers defending against misclassification claims, the Supreme Court has issued its first major employment law decision of the current term in EMD Sales v. Carrera, with two other marquee...more

Groom Law Group, Chartered

This Week From the Hill (February 9 – February 15, 2025)

Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more

Proskauer - Employee Benefits & Executive...

District Court Rules Employer’s Withdrawal Liability Cannot Be Based on Post-Rehabilitation Plan Contribution Increases

In Central States, S.E. & S.W. Pension Fund v. McKesson Corp., No. 23-cv-16770, 2025 WL 81358 (N.D. Ill. Jan. 13, 2025), the district court affirmed that a multiemployer pension plan’s calculation of withdrawal liability...more

Carlton Fields

Expect Focus - Volume I, January 2025

Carlton Fields on

The Mysterious Boundary Beyond Which “Personal” Relationships Jeopardize a Director’s Independence - In a recent enforcement action, the SEC concluded that the relationship between James Craigie and an officer of Church &...more

Faegre Drinker Biddle & Reath LLP

Things I Worry About (9): FINRA Enforcement and Senior Investors

Among other things, FINRA is focusing on services and recommendations by broker-dealers and their registered representatives to retirees, senior investors and investors with diminished capacity. The Report has one part...more

Fox Rothschild LLP

The Complications and Concerns of Gray Divorce

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I recently talked with family law attorney Robert Salzer on the Pennsylvania Bar Association’s “Law in the Family” podcast about “gray divorce” and the considerations related to parties divorcing later in life. There’s no...more

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