PROFESSOR SAMANTHA PRINCE QUOTED IN BUSINESS POST (KOREA) ARTICLE
June 2024 — Professor Samantha Prince was recently quoted in the Business Post (Korea) article titled [노후, K퇴직연금을 묻다 미국⑥] 미국 교수 2인 “401K도 접근성, 해고자 기여분 포함 제도 보완 필요” (loosely translated to [Retirement, ask about K-retirement pension, USA], Two American Professors say, “401(k) is also accessible and the system needs to be improved to include contributions for laid-off workers.)”
Professor Prince was one of two 401(k) experts interviewed by Cho Hye-kyung, a research reporter seeking information about our 401(k) system as a possible supplement to Korea’s current pension system. Prince discussed how vesting schedules hinder workers’ ability to save for retirement and that this is a fatal flaw of our 401(k) system.
Professor Prince has written and spoken on retirement insecurity partly blaming 401(k) vesting schedules. She has publicly communicated with federal agencies such as the U.S. Department of the Treasury to inform that vesting schedules impede financial inclusion, the U.S. Department of Labor to show that current 401(k) disclosure mechanisms are inadequate for all stakeholders, and U.S. Department of the Treasury/IRS to encourage the IRS to include the elimination of vesting schedules in its IRS’s 2024-2025 Priority Guidance Plan. Her research focuses on 401(k) vesting schedules. Her article entitled, “Megacompany Employee Churn Meets 401(k) Vesting Schedules: A Sabotage on Workers’ Retirement Wealth” was published in the Yale Law & Policy Review in 2022 and she recently co-authored “The Effects of Vesting Schedules — in numbers” forthcoming Yale Law Journal Forum in the fall 2024.
Professor Samantha Prince is an Assistant Professor of Law and Director of Legal Analysis & Writing at Dickinson 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. Most of her clients were small to medium sized businesses and entrepreneurs, including start-ups. A significant part of her practice was in employee benefits including retirement plan design and operation. An expert in entrepreneurship law, she established the Dickinson Law entrepreneurship program, 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. Her research mainly comprises the changing world of work.