Surety Matters

Our blog covering the latest in bonds and insurance
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…
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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…
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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…
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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…
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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…
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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…
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Putnam Settles for $12.5 Million in ERISA Case
ERISA 04.22.2020

California and New Jersey Extend COVID-19-Related Deadlines

Citing the magnitude of the current pandemic, New Jersey has prolonged the deadline for contemplating its suggested fiduciary rule. The Garden State’s novel uniform fiduciary standard was declared on April 15, 2019; nonetheless, under the…
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California and New Jersey Extend COVID-19-Related Deadlines
ERISA 04.03.2020

The Basics of Fiduciary Liability Insurance

When it comes to the management of retirement plans, a fiduciary’s liability is often misunderstood. Fiduciary liability stems from the strict obligations set in place by the Employee Retirement Income Security Act of 1974, or…
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The Basics of Fiduciary Liability Insurance
ERISA 03.31.2020

Trump Enacts CARES Act to Combat COVID-19 Crisis

On March 27, 2020, President Donald Trump signed the ground-breaking CARES Act into law. Supported by the American Retirement Association, this coronavirus rescue package delivers extensive relief to individuals, small and large establishments, hospitals, and…
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Trump Enacts CARES Act to Combat COVID-19 Crisis