Essential protection – ERISA
The term “fiduciary breach” often evokes images of significant mishaps within company-sponsored retirement plans, leading to notable legal disputes. Yet, a more common and equally troublesome issue for business owners is failing to secure the…
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Accepting Market Volatility?
Data reveals that overall, we’re feeling more experienced as investors and more comfortable with market volatility. A research report from benchmarking firm, Hearts & Wallets, finds the number of households feeling inexperienced with investing…
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Appreciating The 401k
Staying up to date on ERISA compliance, scurrying around with SECURE 2.0 provisions, and keeping benefits competitive are all big lifts for plan sponsors these days. Take heart, though: employees really do appreciate the…
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Investment Imprudence: Claims on The Rise
No retirement plan sponsor sets out to be accused of imprudent decision-making related to the investment options offered to participants, but claims are on the rise. That doesn’t mean claims over administrative fees have…
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The Importance of ERISA Bonds
The words “fiduciary breach,” conjure something big going wrong with the company-sponsored retirement plan, resulting in headline-making allegations. In reality, a painful, “regular,” plan sponsor error, failure to have the ERISA fidelity bond as…
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Committee Duties and Training
Just as retirement plan sponsors must deeply understand and comply with ERISA, so too must each and every member of a retirement plan committee. Regular meetings, education, training, and follow-up are best practices. Committee…
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Prove It: Defense Is a Must
Litigation related to employee benefits is a growing area of risk for businesses, and, when allegations are made, sound defense is a must. Consider, for example, that in cases brought against retirement plan sponsors,…
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SECURE 2.0: Understanding The Impact
Given the massive breadth of the SECURE 2.0 Act of 2022, analysis has taken some time, but experts are starting to predict that the greatest potential impact on retirement outcomes will be derived by…
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Retirement Plans and Emergency Savings?
Pension Linked Emergency Savings Accounts, aka PLESAs, were made possible by a provision in the SECURE 2.0 Act, which became effective at the start of 2024. To help plan sponsors understand and correctly implement…
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