A new study has revealed that the majority of 401k plan participants in small businesses are paying hidden fees. The impact to retirement savings is significant. Regulatory efforts have been stepped up. Here is what… Read Moreabout The Cost of Hidden Fees
As cyber theft from retirement accounts rises, plan sponsors need to act on the guidance issued this spring by the Employment Benefits Security Administration (EBSA). Importantly, this includes communicating with plan participants about protecting their… Read Moreabout Cyber Theft and Retirement Accounts
When plan participants make complaints, take them seriously from the beginning. In addition to the threat of an ERISA lawsuit, you could also find yourself getting a call from the Department of Labor (DOL) to… Read Moreabout Audit Alert: Are You Ready?
As the employment disruptions set in motion by the pandemic continue for businesses and their workers, it’s an important time for plan sponsors to facilitate the portability of retirement accounts between companies. Job path… Read Moreabout Commit To Portability
The majority of small business owners significantly underestimate digital security risks, and are therefore unprepared and unprotected for data breaches. The results are costly—and devastating. Here’s what you need to know to protect your business—and… Read Moreabout Stay Open: Protection Is Available
As a retirement plan sponsor, you have a fiduciary responsibility to make sure that the plan fees are reasonable. In addition to the fact that it is in the best interest of everyone to avoid… Read Moreabout Retirement Plan Fees?
Opening up the office? Woohoo! Congrats! An actual coffee break with colleagues has never been sweeter, right? Whose birthday needs a cake? Just remember, re-opening creates new opportunities for cyber criminals too. They’re ready—are you?… Read Moreabout New Opps for Cyber Criminals
As a record number of new ERISA class actions were filed in the past year, smaller retirement plans are increasingly impacted. Since even the allegation of an ERISA breach can be very costly, small businesses… Read Moreabout Even Allegations Are Costly