Surety Matters

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Cyber 11.20.2020

Legal Experts Implore Plan Sponsors: Protect The Data!

  Because retirement plans contain sensitive participant data, plan sponsors must step up efforts to protect it from cybersecurity threats. Legal experts urge more precautions. An Explosion of Data Breach Lawsuits As reported by PlanSponsor:…
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Legal Experts Implore Plan Sponsors: Protect The Data!
ERISA 11.18.2020

Optimism for 2021: Rev Up Retirement Savings

With small and mid size business owners expressing optimism about 2021, retirement plan sponsors can jumpstart savings efforts for the long term security of employees. Small Businesses Lighting the Path As reported on PR Newswire:…
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Optimism for 2021: Rev Up Retirement Savings
ERISA 11.12.2020

Strengthen Your Small Business: Add a 401(k)

Just thinking about starting a 401(k) plan can sound daunting to small business owners—especially during this economically challenging time. Actually, however the rewards could put the business ahead and plenty of experts can help you…
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Strengthen Your Small Business: Add a 401(k)
ERISA 11.12.2020

Final Rule on Financial Factors in Selecting Plan Investments

Plan sponsors: take note! The U.S. Department of Labor has established new regulatory guidelines related to your fiduciary duties when selecting investments for 401(k) and other defined-contribution plans. Select Investments Based On Financial Returns and…
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Final Rule on Financial Factors in Selecting Plan Investments
ERISA 11.09.2020

Data Breaches: What Is Your Plan?

  Recent data breaches in the healthcare industry are alarming. The fact that there is a shortage of qualified cybersecurity professionals is troubling. Plan sponsors: how are you protecting your plan? Get Focused Cybercrime is…
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Data Breaches: What Is Your Plan?
ERISA 11.06.2020

Disruption Requires the Increased Vigilance of Plan Sponsors

Confronting the disruptions of 2020, plan sponsors must be ever more vigilant in their fiduciary duties. Legal experts recommend five actions. Uncertainties Are Not Excuses As the sponsor of your company’s retirement plan, ERISA law…
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Disruption Requires the Increased Vigilance of Plan Sponsors
ERISA 11.06.2020

The Importance of Documenting Retirement Plan Investment Decisions

  Sponsors of retirement plans increasingly face claims for breach of fiduciary duties. Examples include cases concerning “excessive” 401(k) plan fees. The National Law Review offers some practical advice. The Heavy Weight of Claims According…
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The Importance of Documenting Retirement Plan Investment Decisions
ERISA 10.27.2020

Year End Communications About Retirement Savings

The IRS has announced that the elective deferral limit for employee contributions to 401(k) plans for 2021 will remain at $19,500. However, it’s still an important time of year for plan sponsors to communicate with…
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Year End Communications About Retirement Savings
ERISA 10.27.2020

ERISA Pre-dates Modern Computing But Cybersecurity Counts!

  As retirement plan sponsors juggle compliance with ERISA—and the evolving landscape of cybersecurity threats—legal experts advise increased diligence. Stay Current The first known use of the word cybersecurity was in 1989—nearly fifteen years after…
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ERISA Pre-dates Modern Computing But Cybersecurity Counts!