Year End Communications About Retirement Savings
The IRS has announced that the elective deferral limit for employee contributions to 401(k) plans for 2021 will remain at $19,500. However, it’s still an important time of year for plan sponsors to communicate with…
Read Moreabout Year End Communications About Retirement Savings
ERISA Pre-dates Modern Computing But Cybersecurity Counts!
As retirement plan sponsors juggle compliance with ERISA—and the evolving landscape of cybersecurity threats—legal experts advise increased diligence. Stay Current The first known use of the word cybersecurity was in 1989—nearly fifteen years after…
Read Moreabout ERISA Pre-dates Modern Computing But Cybersecurity Counts!
Scams Are On The Rise: Protect The Elderly!
If you are responsible for the well-being of an elderly person, now is a good time to update safety measures aimed at increasing protection against scams and identity theft. Guardians and Conservators: Take Extra…
Read Moreabout Scams Are On The Rise: Protect The Elderly!
Selling Used Cars? Get a DMV Bond!
If you have an entrepreneurial spirit (or if you are just hoping to buy a reasonably priced car), you’ll want to take note of this trend: used cars are in huge demand, with prices skyrocketing…
Read Moreabout Selling Used Cars? Get a DMV Bond!
What are VA Fiduciary Bonds?
The United States Department of Veteran’s Affairs (VA) cares for, serves and honors America’s veterans. The VA’s “fiduciary program” provides oversight of benefits for the most vulnerable veterans—those who cannot manage their benefits on their…
Read Moreabout What are VA Fiduciary Bonds?
Colonial Surety Company Introduces Simplify And Partner: A New Online Digital Approval Process for Contractors
WOODCLIFF LAKE, NJ October 26, 2020 Colonial Surety Company is thrilled to announce the launch of a direct and digital pre-qualification process for bid and performance I-Bonds®, empowering contractors across the country to simplify, partner,…
Read Moreabout Colonial Surety Company Introduces Simplify And Partner: A New Online Digital Approval Process for Contractors
401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
Read Moreabout 401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
Guardianship and Guardianship Bonds: Important Updates
When a court orders a guardianship for someone deemed unable to safely make their own decisions, a fiduciary bond is generally required. These court-mandated guardianship bonds are critical and must be obtained quickly from a…
Read Moreabout Guardianship and Guardianship Bonds: Important Updates
The 401(k) Partial Termination Rule: Have You Invoked It?
Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans. Understanding the IRS Partial Termination Rule…
Read Moreabout The 401(k) Partial Termination Rule: Have You Invoked It?