Cybersecurity and Retirement Plans: A Three-Legged Stool
When it comes to 401(k) plans, the employer, the service providers and the participants each have important roles to play in protecting the plan against cybercrime. A Cautionary Tale: Retirement Plan Funds Do Get…
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Challenging Plan Fiduciaries: Examining A New Class Action Case
Were better investment options available? Why were the record-keeping fees so high? These are among the questions behind a new 401(k) class-action case challenging a Coca-Cola Bottlers’ Association—and the plan fiduciaries. Alleged ERISA Violations…
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New Priorities: Save, Save, Save
Many people who have been able to remain healthy and working during the COVID-19 crisis are increasingly focused on saving money. Insights from a recent survey hold important clues for how retirement plan sponsors…
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Hurrah for E-Delivery: Are You Covered?
The Department of Labor’s Electronic Disclosure Rule finally allows retirement plans to satisfy information disclosure requirements electronically. Head’s up, though: plans that have not stepped up cybersecurity and data protection efforts have a lot to…
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401(k) Plans: Understand and Mitigate Cyber Security Breaches
Legal experts break down why 401(k) plans are so vulnerable to cyber security breaches, explain the potential for related lawsuits and offer practical actions to mitigate risk. Expert Guidance from Proskeur and Microsoft The…
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Disruptions on the Path to Retirement
Workers in their 50s and 60s are experiencing declining incomes—and facing the prospect of delaying retirement. Plan sponsors will want to stay abreast of the trends. The Bottom Line AARP reports that the pandemic…
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Uniting Against Cybercrime: Advice from the World Economic Forum
What worries have corporate leaders carried to the World Economic Forum? Global recession, bankruptcies—and, third on the list: cyberattacks. Experts advice increased awareness and action by everyone. Cybercriminals Are Wide Awake Here’s the deal:…
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New Guidance for Plan Sponsors: Missing Participants?
Over a billion dollars in retirement plan assets was recovered by the Department of Labor in 2020 alone. New guidance clarifies the obligations of plan sponsors related to ensuring participants receive their benefits. Missing and…
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Raising Awareness About Data Privacy
Mark your calendar: Data Privacy Day is January 28, 2021. As a matter of fact, go ahead and mark every day on your calendar as a day to respect and safeguard data, especially personally…
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