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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401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
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The 401(k) Partial Termination Rule: Have You Invoked It?
Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans. Understanding the IRS Partial Termination Rule…
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Going Beyond Passwords for Protection!
The pandemic has led to an accelerated transformation in the business world. Yet, identity protection continues to rely mostly on passwords. With the cost of identity fraud rising, what does the future hold? Steering…
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Important Reminders About ERISA Bond Compliance
With class action suits related to 401(k) plans rising sharply, now is a critical time to check that you are in compliance with ERISA regulations. Importantly, this includes ensuring an ERISA bond that properly…
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Employers Increasingly Concerned About Employee Finances
A growing number of employers are concerned about the financial well-being of employees—and employees want more financial guidance. Retirement plan sponsors have a bigger role to play! Overall Financial Well-Being Programs Bank of America’s…
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Part-Time Employees Can Now Contribute to Pension Plans
It’s hard to believe but January 2021 is right around the corner! For plan sponsors, that means now is the time to make way for part-time employees to participate in 401(k) plans. Comply With the…
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Understanding Retirement Savings: Lifetime Income Illustrations
Chances are good that your company’s employees need to save more toward retirement. This is true across the country. New lifetime income disclosures mandated by the SECURE Act, aim to educate employees—and motivate them to…
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Plan Sponsorship Is Serious Business: Take Precautions
If you are in charge of your company’s employee retirement plan, you are entrusted with safeguarding the future of your employees. Exercise every precaution to protect them, the company—and yourself. ERISA Lawsuits Are Common There…
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