ERISA experts urge plan sponsors to better monitor the cybersecurity practices of service providers. Although responsibilities may be delegated, your fiduciary obligation to provide the highest duty of care remains. Here’s what you need to… Read Moreabout Monitoring Plan Service Providers
Maybe some of the employees at your small business are restless and resigning—as are millions across the country. Maybe you are bringing in new talent—as you grow your business and attract workers looking for increased… Read Moreabout Resignations and Retirement Accounts?
Bad password practices open retirement accounts to cybercrime. That’s one reason why the Employment Benefits Security Administration (EBSA) has provided plan sponsors with Online Security Tips for use in educating plan participants about protecting their… Read Moreabout Passwords and Plan Sponsors
Legal experts share a head’s up for plan sponsors: the Department of Labor (DOL) has begun an audit initiative based on the new cybersecurity guidance issued for retirement plans this spring. Here’s what you… Read Moreabout Cybersecurity: DOL Audit Initiative
Pension plan experts remind plan sponsors that evaluating target date funds is a 401k fiduciary responsibility. Though the majority of 401k plans offer target date funds, many fiduciaries don’t know how they work. With… Read Moreabout Target Date Funds and Fiduciary Risks
Retirement plans across the country are finding out that the Department of Labor is already working to enforce the cybersecurity guidance that was just issued this spring. Here’s what some plans are experiencing as… Read Moreabout Cybersecurity: Caught Off Guard?
A common and risky compliance issue for retirement plan sponsors is insufficient ERISA fidelity bond coverage. Experts explain some of the consequences, including the risk of being held personally liable for losses. Exposure Risks for… Read Moreabout Inadequate ERISA Bond Coverage?
The consolidation in the record-keeping field makes it extra important for retirement plan sponsors to keep current with oversight and evaluation duties. For example, what do you know about the tech platforms and cybersecurity protocols… Read Moreabout Due Diligence with Record-keepers
Retirement experts are finding that despite the disruptions of the pandemic, employees are trying to focus on retirement saving—and planning. Increasingly, employees are looking for information about how retirement savings translate to retirement income. Plan… Read Moreabout Save for Retirement—Then What?