Hiring Outside Advisors Does Not Remove Plan Sponsor Fiduciary Liability
Plan sponsors have a lot of responsibility as fiduciaries when managing an employee benefit plan. They have to make sure that the plan assets are invested properly, employees are given adequate information about benefits, employees…
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IHeart Communications Slammed with ERISA Class Lawsuit
iHeart Communications Inc. is now battling a proposed class action in the Northern District of Texas captained by plan participants and beneficiaries of its 401(k) plan. The plaintiffs of the case claim plan sponsors did…
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Atlanta Expected to Approve Home Alcohol Delivery
A novel bill from the Atlanta City Council Public Safety Panel will permit neighborhood stores and wineries to deliver alcoholic beverages to patron homes. The Governor of Atlanta, Brian Kemp, has supposedly set the stage for this…
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North Carolina Real Estate Sees Spike During COVID-19 Pandemic
Throughout the United States, certain communities are seeing a large spike in real estate sales. In July of 2020, the urban community of Buncombe County, North Carolina, has experienced a 59% jump in pending real estate….
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IRS Offers Relief for Notarized Retirement Plan Elections and Consents
The Internal Revenue Service is easing spousal notarization and plan representative witness prerequisites this year for retirement plan elections in IRS Notice 2020-42. The notice discusses the physical presence condition for notarization or witnessing specific plan…
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What Happens When a Will Names No Beneficiaries?
Are there any consequences of initialing a will that does not include any beneficiaries? If your will does not encompass crystal clear instructions on who should keep your personal assets, under state law, your assets…
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Guardianship of a Minor vs. Guardianship of an Elderly or Incapacitated Person
A Guardianship is a legal procedure used to safeguard people who cannot take care of themselves due to incapacity, disability, or infancy. A court will select a legal guardian to care for the ward. Legal guardians exercise…
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Morgan Stanley Faces Data Breach Lawsuit
Morgan Stanley Smith Barney, a multinational investment bank and financial services giant, is being sued by former and current clients for allegedly failing to make sure account numbers, social security details, and other personal information…
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COVID-19’s Effect on the Data Breach Terrain
The coronavirus pandemic is compelling businesses across all industries to incorporate new and improved cybersecurity measures into their daily activities. A three-month examination from Teiss, a cybersecurity hub, reports that new threats are emerging faster…
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