As small businesses emerge from pandemic operations and work to evolve, experts caution retirement plan sponsors to allocate time to review the plan design, benefits and services. Participant needs are changing—and plan design options are… Read Moreabout Carefully Moving Forward: Retirement Plans
Experts warn that ERISA lawsuits are continuing at a rapid, “cookie-cutter” pace. In particular, there has been a rise in lawsuits against smaller plans. Plan sponsors, in addition to securing fiduciary liability protection, are advised… Read Moreabout No Sign of Stopping: ERISA Lawsuits
As employers across the country continue looking for ways to support the financial wellness of workers, interest in annuities is growing. In fact, a recent Blackrock survey found that 82% of plan sponsors are likely… Read Moreabout Annuities? Interest Is Growing
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