Professor Prince quoted in Forbes article about NFL benefits

CARLISLE, Pa. — Professor Samantha Prince was quoted in a Forbes article entitled “The NFL Likely Provides The Best Benefits Of Any Company In America.”

The article provides historical context and a compilation of benefits that NFL players have in their collective bargaining agreement. Prince weighed in, “NFL players are being taken care of much better than most employees out there.”

The NFL Players Association is the union that represents professional football players. In 2020, it negotiated a 200% match for the 401(k) plan, generous severance, incremental adjustments in benefit amounts, protection against unilateral changes, and plan administrative costs being covered by the NFL. It is rare to see employees, particularly non-union employees, receive such a high match in their 401(k) plans. Non-union employees are also not fortunate enough to have benefits stability like the NFL agreement provides.

Prince applauds the NFLPA for its excellent agreement covering NFL players and laments that not all employees are as fortunate.

This Forbes article was authored by Chris Deubert.

Professor Samantha Prince is an associate professor of law. She has a Master of Laws in Taxation from Georgetown University Law Center and was a partner in a regional law firm where she handled transactional matters that ranged from an initial public offering to regular representation of a publicly traded company. A significant part of her practice was in employee benefits, including retirement plan design and operation. Her expertise from practice has fueled her research, enabling her to become an expert on 401(k) vesting schedules, employee benefits transparency, and gig work. In practice, most of her clients were small- to medium-sized businesses and entrepreneurs, including start-ups. Professor Prince brought her practice knowledge to the Law School and established the Penn State Dickinson Law entrepreneurship program. She is an advisor for the Entrepreneurship Law Certificate that is available to students and is the founder and moderator of the Inside Entrepreneurship Law blog.