While it is necessary for retirement plan sponsors to follow all of the cybersecurity best practices prescribed by the Department of Labor, numbers 9 and 12 on the list hold particular importance: following them… Read Moreabout Best Practices: #9 and #12
Under Secure 2.0, retirement savers will find it easier to draw on their funds should an emergency strike. Though COVID-19 has reinforced the critical importance of emergency savings, there are some concerns among financial… Read Moreabout It’s An Emergency: Really?
Facing market volatility and high interest rates, retirement plan sponsors are rethinking investment options for participants. According to industry experts, many plan sponsors are challenging current offerings in a quest for both diversification and protection… Read Moreabout Challenging Current Offerings
The year is already finding some employers defending themselves against allegations of fiduciary breaches under the high standards of ERISA law. Whether or not the allegations are true, defense is expensive. In fact, experts… Read Moreabout Defense Costs Rising
It’s official: Secure 2.0 has been signed into federal law. Retirement industry experts point out that it will have widespread implications, with some of the new regulations aimed at reform going into effect immediately,… Read Moreabout Secure 2.0: Essentials
Retirement plan sponsors must know what their service providers are doing toward cybersecurity. They must also put best practices in place in their businesses—and ensure that plan participants are following appropriate online security procedures…. Read Moreabout Cybersecurity: 3-Prong Strategy?
Play it safe or seek growth? While overseeing the company retirement plan, it may be tempting for plan sponsors to take an overly cautious stance with the investment options. On the other hand, the lure… Read Moreabout Avoid Extremes
The U.S. Department of Labor has released it’s final rule on ESG factors in retirement accounts: while plan fiduciaries may consider environmental, social and governance factors when selecting investments for the plan, they are… Read Moreabout Final Rule: The DOL and ESG
Before Form 5500 is filed each year, retirement plan sponsors must sign off. Lawyers specializing in ERISA remind us that filing is “under penalty of perjury.” What does that mean? Read on to find… Read Moreabout Penalty of Perjury: Form 5500