Resolutions for The Year Ahead

“A confluence of evolving risk factors,” as well as the rising expectations of 401k plan participants, are two big reasons why ERISA retirement plan attorney, Ary Rosenbaum, is encouraging sponsors to get an early start on fiduciary duties for 2026....

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Loyalty and Prudence Vs Forfeitures?

Legal contests continue, as long accepted 401k practices related to the handling of plan forfeitures come under courtroom scrutiny. Yet another in the wave of ERISA “forfeiture lawsuits” against retirement plans, which began popping up in 2023, has been filed....

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Mounting Pressures: Plan Sponsorship

With miles to go, 2025 has already been an eventful time for retirement plan sponsors. National risk management experts explore the complications confronting sponsors in this period of “shifting sands,”  and recommend strategies, solutions and tools to mitigate the risks. ...

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Struggling Elders? Guardianship?

No one knows how long they get to live with a clear mind and the capacity to make independent decisions. Ideally, proactive care and estate planning has designated someone we trust to take over long before necessary. Absent pre-arrangements, if...

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ERISA Hot Button: Forfeitures?

Will the wave of ERISA lawsuits related to the handling of retirement plan forfeitures result in a potential upheaval of how these funds must be managed? Only time will tell, but as allegations continue to mount up and wind their...

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Out of Business In 6 Months?

Several recent incidents involving the improper access of retirement data by third party call center representatives underscore the important role plan sponsors must play in mitigating cybersecurity threats. Unfortunately, the majority of cyber breaches occur at small and mid-sized businesses,...

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A New Job for Plan Sponsors: Cybersecurity

  The more every business (and person in it) uses technology, the bigger the “attack surface” for cybercrime becomes. Last year’s massive MOVEit data breach, compromising data at over 600 businesses, sounded an alarm: whether or not they want the...

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DOL’s Proposed Fiduciary Rule Explained

  Public hearings and comment periods related to the Department of Labor’s proposed new fiduciary rule are currently slated to end in early January, 2024, making it important for plan sponsors to understand the basics of the recommended changes and...

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Predictions for Plan Sponsors: 2024

Change is in the air, and toward attracting and retaining employees, plan sponsors are busily expanding traditional company retirement plans to include financial advice, emergency savings, loan repayment and more. Read on for ideas about the 401k of the future....

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Double Check The Calculations

Plan sponsors generally do not set out to shortchange participants or violate ERISA. Nonetheless, oversights can occur, and tend to spiral into increased scrutiny for all. Beware: a recent settlement over an allegation that the use of outdated mortality tables...

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