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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House Passes PPP Deadline Extension
On July 1st, the House of Representatives gave their stamp of approval to the Senate-backed legislation to prolong the deadline for small businesses impacted by the pandemic to apply for loans under the Paycheck Protection…
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New Bill Creates Lost and Found Participant Database
It’s not easy for employees to manage, track, and consolidate retirement accounts as they bounce from job to job. Due to short employment periods, workers could leave behind retirement accounts with small balances, which drop…
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How to Effectively Handle DB Plans Through Covid-19
Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
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Home Health Care Bonds During COVID-19
Due to the current overpopulation of hospitals and the risks involved in visiting medical centers, home health care is on the rise. As such, the home health care profession is expected to employ more people…
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Average 401(k) Soars Through 2020
We could all use some good news, especially during this difficult, uncomfortable time. According to the estimates from the Employee Benefit Research Institution, in what is being called the best quarterly market in decades, the…
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DOL Releases New Fiduciary Rule
The Labor Department has revealed its long-awaited fiduciary rule, along with some novel implications for record-keepers, rollover and Pooled Employer Plans advice. Titled “Improving Investment Advice for Workers & Retirees“, the proposal offers a new…
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Rhode Island Extends Indoor Dining and More
The Governor of Rhode Island and the Direct of the Rhode Island Department of Health offered new details on the state’s expanding response to the current epidemic. After launching Phase 3 on Tuesday, June 30th,…
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Plan Sponsors Specifically Threatened by Cyber Attacks
Retirement plans and, specifically, their plan sponsors are being threatened more and more by cyber attacks. Recordkeepers, custodians, and third party administrators are being attacked due to all the valuable personal data they harbor and…
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