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June 15, 2019
The Cost of Advising One’s Own Plan
Los Angeles partner Fred Reish and Florham Park counsel Joan Neri co-authored an article for PlanAdviser magazine titled “The Cost of Advising One’s Own Plan," discussing the prohibited transaction that arises when an adviser charges a fee for advising its own ERISA plan. Specifically, the article describes the scope of the prohibited transaction rule and ways it can be avoided.