Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 10.27.2020

Year End Communications About Retirement Savings

The IRS has announced that the elective deferral limit for employee contributions to 401(k) plans for 2021 will remain at $19,500. However, it’s still an important time of year for plan sponsors to communicate with…
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Year End Communications About Retirement Savings
ERISA 10.27.2020

ERISA Pre-dates Modern Computing But Cybersecurity Counts!

  As retirement plan sponsors juggle compliance with ERISA—and the evolving landscape of cybersecurity threats—legal experts advise increased diligence. Stay Current The first known use of the word cybersecurity was in 1989—nearly fifteen years after…
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ERISA Pre-dates Modern Computing But Cybersecurity Counts!
ERISA 10.24.2020

401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan

Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
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401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
ERISA 10.24.2020

The 401(k) Partial Termination Rule: Have You Invoked It?

  Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans.  Understanding the IRS Partial Termination Rule…
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The 401(k) Partial Termination Rule: Have You Invoked It?
ERISA 10.18.2020

Going Beyond Passwords for Protection!

  The pandemic has led to an accelerated transformation in the business world. Yet, identity protection continues to rely mostly on passwords. With the cost of identity fraud rising, what does the future hold? Steering…
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Going Beyond Passwords for Protection!
ERISA 10.18.2020

Important Reminders About ERISA Bond Compliance

  With class action suits related to 401(k) plans rising sharply, now is a critical time to check that you are in compliance with ERISA regulations. Importantly, this includes ensuring an ERISA bond that properly…
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Important Reminders About ERISA Bond Compliance
ERISA 10.07.2020

Employers Increasingly Concerned About Employee Finances

  A growing number of employers are concerned about the financial well-being of employees—and employees want more financial guidance. Retirement plan sponsors have a bigger role to play! Overall Financial Well-Being Programs Bank of America’s…
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Employers Increasingly Concerned About Employee Finances
ERISA 10.04.2020

Part-Time Employees Can Now Contribute to Pension Plans

It’s hard to believe but January 2021 is right around the corner! For plan sponsors, that means now is the time to make way for part-time employees to participate in 401(k) plans. Comply With the…
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Part-Time Employees Can Now Contribute to Pension Plans
ERISA 10.04.2020

Understanding Retirement Savings: Lifetime Income Illustrations

Chances are good that your company’s employees need to save more toward retirement. This is true across the country. New lifetime income disclosures mandated by the SECURE Act, aim to educate employees—and motivate them to…
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Understanding Retirement Savings: Lifetime Income Illustrations