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Cyber for Plan Sponsors 07.23.2020

Is It a Fiduciary Breach not to Have Cyber Liability Insurance?

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
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Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
License & Permit Bonds 07.17.2020

Pennsylvania Governor Issues New Guidelines for Bars & Restaurants

On Wednesday, Governor Wolf of Pennsylvania launched a new set of guidelines set to go in effect on July 16. Per a press release from the Governor’s office, alcohol can only be served for on-premises…
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Pennsylvania Governor Issues New Guidelines for Bars & Restaurants
License & Permit Bonds 07.17.2020

California Orders Shutdown of Indoor Restaurants & Bars

On Monday, California Governor Gavin Newsom ordered the closing of indoor restaurants, movie theaters, bars, and other recently-opened establishments across the state. As COVID-19 cases continue to rise, the Governor deemed it necessary to shut…
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California Orders Shutdown of Indoor Restaurants & Bars
ERISA 07.17.2020

Recent Updates in ERISA Plan Investment Regulation

The Labor Department has launched new guidance on private equity in 401(k) plan designated investment choices and a suggested regulation on social, environmental and governance investing. The proposed rule, titled Financial Factors in Selecting Plan…
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Recent Updates in ERISA Plan Investment Regulation
License & Permit Bonds 07.17.2020

Governor Cuomo Launches COVID-19 Rental Assistance Program

On Tuesday, July 14, Governor Andrew Cuomo of New York announced an emergency rental assistance program that assist low-income families. The program offers direct aid for tenants who have lost income due to the restrictions…
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Governor Cuomo Launches COVID-19 Rental Assistance Program
ERISA 07.17.2020

Estee Lauder Faces 401(k) Excessive Fee Lawsuit

Former plan participants of Estee Lauder’s 401(k) Savings Plan have filed a class-action lawsuit against the company, its board of directors, and the plan’s investment committee, alleging the company breached their fiduciary duties under the…
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Estee Lauder Faces 401(k) Excessive Fee Lawsuit
Surety Bonds 07.15.2020

$800 Million in Grants Given to U.S. Airports

To keep the airline industry afloat during the current pandemic, the Department of Transportation is sending nearly $800 million of grant money to 347 airports across 46 states and 4 territories. Though passengers are beginning…
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$800 Million in Grants Given to U.S. Airports
License & Permit Bonds 07.14.2020

Governor Murphy Temporarily Pauses Indoor Dining

In an effort to slow the spread of COVID-19, Governor Murphy has hit pause on allowing restaurants and bars to reopen for indoor dining as originally scheduled. The Governor sited research to show that virus…
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Governor Murphy Temporarily Pauses Indoor Dining
ERISA 07.14.2020

Is Personal Information of Plan Participants An ERISA Plan Asset?

Retirement plan sponsors are beginning to see more claims involving the alleged wrongful use of personal information belonging to retirement plan participants claimed to be “plan assets”. The specifics of these allegations is that employers…
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Is Personal Information of Plan Participants An ERISA Plan Asset?