Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 07.09.2020

How to Effectively Handle DB Plans Through Covid-19

Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
Read Moreabout How to Effectively Handle DB Plans Through Covid-19

How to Effectively Handle DB Plans Through Covid-19
ERISA 07.09.2020

Average 401(k) Soars Through 2020

We could all use some good news, especially during this difficult, uncomfortable time. According to the estimates from the Employee Benefit Research Institution, in what is being called the best quarterly market in decades, the…
Read Moreabout Average 401(k) Soars Through 2020

Average 401(k) Soars Through 2020
ERISA 07.09.2020

DOL Releases New Fiduciary Rule

The Labor Department has revealed its long-awaited fiduciary rule, along with some novel implications for record-keepers, rollover and Pooled Employer Plans advice. Titled “Improving Investment Advice for Workers & Retirees“, the proposal offers a new…
Read Moreabout DOL Releases New Fiduciary Rule

DOL Releases New Fiduciary Rule
ERISA 06.26.2020

Costco Sued Over Mismanagement of 401(k) Plan

On behalf of plan participants of the Costco 401(k) Retirement Plan, a lawsuit was filed against Costco Wholesale Corporation and related parties for allegedly mismanaging a defined contribution plan worth $15.5 million. Filed on Tuesday…
Read Moreabout Costco Sued Over Mismanagement of 401(k) Plan

Costco Sued Over Mismanagement of 401(k) Plan
Cyber 06.25.2020

Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets

During this time of uncertainty, industries are particularly vulnerable to cyber breaches. Last year alone, ransomware targets forfeited over $1.3 billion to hackers, including high-profile victims like hospitals, airlines and retailers. However, small businesses are…
Read Moreabout Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets

Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
ERISA 06.25.2020

IRS Grants RMDs Rollover Relief

Novel guidance has been published by the Internal Revenue Service, who extended the rollback period for minimum distributions already taken this year. The guidance encompasses a series of FAQs and offers plans with sample amendments…
Read Moreabout IRS Grants RMDs Rollover Relief

IRS Grants RMDs Rollover Relief
ERISA 06.24.2020

Pension Risk Transfers Drop in May

Pension risk transfer premiums fell significantly last month due to a continuous decline in both annuity purchase rates and discount rates. Per the latest pension buyout index study, discount rates sunk 27 basis points this…
Read Moreabout Pension Risk Transfers Drop in May

Pension Risk Transfers Drop in May
ERISA 06.24.2020

DOL Proposal Fortifies Fiduciary Role in ESG Investing

According to a new proposed rule from the Labor Department, ERISA plan fiduciaries are not allowed to invest in ESG vehicles that take on more risk and sacrifice investment returns. The rule, published Tuesday night,…
Read Moreabout DOL Proposal Fortifies Fiduciary Role in ESG Investing

DOL Proposal Fortifies Fiduciary Role in ESG Investing
ERISA 06.24.2020

Fidelity Investments Reaches Settlement in ERISA Lawsuit

Fidelity Investments just reached a settlement with former plan participants in the firm’s 401(k) plan, who accused plan fiduciaries of violating ERISA laws. Filed on June 18 in U.S. District Court in Boston, the plaintiffs…
Read Moreabout Fidelity Investments Reaches Settlement in ERISA Lawsuit

Fidelity Investments Reaches Settlement in ERISA Lawsuit