Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 05.14.2020

4 Plan Sponsor Action Plans During COVID-19

As the dynamic ripples of the COVID-19 pandemic continue to sculpt the current marketplace, it is vital for plan sponsors to augment their establishment’s retirement plans for what may lie ahead. Warranting the efficiency of…
Read Moreabout 4 Plan Sponsor Action Plans During COVID-19

4 Plan Sponsor Action Plans During COVID-19
ERISA 05.06.2020

IRS Answers Common CARES Act Questions

For those who are perplexed about the recent CARES Act legislation, the IRS has some answers for you. The organization laid out 14 common questions and answers to the May 4 Q&As concern Section 2202…
Read Moreabout IRS Answers Common CARES Act Questions

IRS Answers Common CARES Act Questions
ERISA 04.30.2020

EBSA Gives Filing Relief for ERISA-Related Deadlines

The Employee Benefit Security Administration (EBSA) just launched deadline relief and recommendations related to the current impact of the COVID-19 pandemic, including expanding “good faith” application of electronic delivery. According to the EBSA’s “Disaster Relief…
Read Moreabout EBSA Gives Filing Relief for ERISA-Related Deadlines

EBSA Gives Filing Relief for ERISA-Related Deadlines
ERISA 04.29.2020

ERISA Lawsuit Activity Maintains Despite Court Lockdowns

Despite courts across the nation closing its doors to maintain social distancing rules during the current epidemic, there continues to be regular legal actions transpiring remotely, in relation to ERISA, or the Employee Retirement Income…
Read Moreabout ERISA Lawsuit Activity Maintains Despite Court Lockdowns

ERISA Lawsuit Activity Maintains Despite Court Lockdowns
ERISA 04.28.2020

New Legislation Will Temporarily Raise Contribution Limits

Rep. Patrick McHenry, a republican of North Carolina serving on the House Financial Services Committee, introduced the Securing Additional Value for Every Retirement Saver (SAVERS) Act in order to temporarily raise contribution limits for defined…
Read Moreabout New Legislation Will Temporarily Raise Contribution Limits

New Legislation Will Temporarily Raise Contribution Limits
ERISA 04.28.2020

COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations

The recent pandemic has forced the hand of numerous establishments across the United States to release employees from their current positions. With over 26 million Americans now filing for unemployment in as little as five…
Read Moreabout COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations

COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations
ERISA 04.28.2020

House Approves Bill to Help Pay Retirement Benefits

On April 23, the House of Representatives approved a $484 billion COVID-19 stimulus bill which incorporates funding that can be utilized to help pay retirement benefits. The novel legislation, titled the Paycheck Protection Program and…
Read Moreabout House Approves Bill to Help Pay Retirement Benefits

House Approves Bill to Help Pay Retirement Benefits
ERISA 04.22.2020

Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack

A suit has been filed, alleging “actions in allowing an unknown individual to prey on and steal hundreds of thousands of dollars form the retirement savings of the Plaintiff.” The case was filed on behalf…
Read Moreabout Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack

Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack
ERISA 04.22.2020

Putnam Settles for $12.5 Million in ERISA Case

In recent ERISA litigation headlines, there was a monumental divide between the nation’s courts in determining who exactly bears the burden of proof in a lawsuit. The original case, Brotherston v. Putnam Investments, LLC was…
Read Moreabout Putnam Settles for $12.5 Million in ERISA Case

Putnam Settles for $12.5 Million in ERISA Case