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Cyber 07.20.2021

Monitoring Plan Service Providers

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…
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Monitoring Plan Service Providers
Cyber 07.20.2021

Resignations and Retirement Accounts?

 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…
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Resignations and Retirement Accounts?
Cyber 07.09.2021

Passwords and Plan Sponsors

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…
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Passwords and Plan Sponsors
Cyber 07.09.2021

Cybersecurity: DOL Audit Initiative

  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…
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Cybersecurity: DOL Audit Initiative
ERISA 07.07.2021

Target Date Funds and Fiduciary Risks

  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…
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Target Date Funds and Fiduciary Risks
Cyber 07.07.2021

Cybersecurity: Caught Off Guard?

  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…
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Cybersecurity: Caught Off Guard?
ERISA 06.28.2021

Inadequate ERISA Bond Coverage?

 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…
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Inadequate ERISA Bond Coverage?
ERISA 06.28.2021

Due Diligence with Record-keepers

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…
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Due Diligence with Record-keepers
ERISA 06.21.2021

Save for Retirement—Then What?

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…
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Save for Retirement—Then What?