As technology becomes more advanced with supply chains becoming automated, data stored remotely in the cloud, and robots working in factories, companies have to become proactive on the cybersecurity front and update their infrastructure to… Read Moreabout Businesses Need To Be Proactive When It Comes to Cybersecurity
In the case of White v. Chevron (N.D. Cal 2016), the plaintiffs alleged breaches of its fiduciary duty for not choosing proper investments for plan funds, by choosing to invest in funds that performed poorly, and cost… Read Moreabout Can You Avoid Fiduciary Liability?
The ERISA Act requires that every person who handles employee benefit plan assets or funds as well as any plan fiduciary be bonded with an ERISA fidelity bond. Those bonded must be bonded for at… Read Moreabout Your Bond Might Not Be an ERISA Bond
Plans can very easily come under threat. Whether it’s from larceny, forgery, embezzlement, or misappropriation, theft, and fraud are unfortunate facts of plan administration. So how do you protect your plan against those threats of… Read Moreabout Why Does Your Plan Need an ERISA Fidelity Bond?
In a November 6, 2018 ERISA Advisory Council report, the Council recommended the Department of Labor (DOL) issue new ERISA fidelity bond guidance after evaluating current DOL regulations and guidance. In the report to Secretary of Labor… Read Moreabout ERISA Advisory Council Recommends New DOL ERISA Bond Guidance
Every person who “handles funds or property” of an employee benefit plan must be covered by an ERISA Fidelity Bond unless they fall under an ERISA Act exemption. But exactly how much fidelity bond coverage… Read Moreabout How Much ERISA Fidelity Bond Coverage Do I Need?
