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ERISA 11.09.2021

Audit Changes: Written Reports

  Head’s up for plan sponsors: Enhanced audit requirements go into effect on December 15. Aimed at reducing the deficiencies of limited-scope audits, the new audit standard requires a written report from plan sponsors, attesting…
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Audit Changes: Written Reports
ERISA 11.03.2021

ERISA Violations?

  Alleging a variety of ERISA violations, the former participants of a KPMG 401(k) plan are suing the company—and the plan fiduciaries. The complaint has been filed in U.S. District Court in Newark, New Jersey,…
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ERISA Violations?
ERISA 11.03.2021

Decisions, Decisions: Annuities?

  Making guaranteed lifetime income options more readily available through 401(k) plans is a list topper for plan providers—and employers— these days. Here’s why—and an example of how Blackrock is proceeding.   Guaranteed Lifetime Income?…
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Decisions, Decisions: Annuities?
Cyber for Plan Sponsors 10.25.2021

Cybercriminals: Sophisticated Techniques

  The Federal Bureau of Investigation reports a 69% spike in cybercrime complaints from 2019-2020. Financial losses totaled over $4 billion. As the techniques deployed by cybercriminals are becoming more sophisticated, retirement plan recordkeepers are…
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Cybercriminals: Sophisticated Techniques
ERISA 10.25.2021

Committee Agenda?

Although ERISA does not require retirement plan committees, having the help of experts can contribute to decisions that are made prudently, in the best interests of participants and beneficiaries. Follow this expert guidance to ensure…
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Committee Agenda?
Cyber for Plan Sponsors 10.19.2021

Vigilance Against Cyber Crime

  The Plan Sponsor Council of America (PSCA) urges continuous vigilance against cybercrime, Since criminals have retirement plans in their sights, efforts to prevent attacks are critical and must be ongoing. Having an expert response…
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Vigilance Against Cyber Crime
ERISA 10.19.2021

What Does Your Adviser Think?

Retirement plan advisers find that for the most part, plan sponsors are knowledgeable about the investment lineup and meet Department of Labor filing deadlines. However, plan advisers encourage plan sponsors to advance their understanding of…
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What Does Your Adviser Think?
ERISA 10.08.2021

Investment Advice for Participants?

  Is your retirement plan providing adequate information to participants about the funds in the plan? What does the Department of Labor consider adequate? What services can you ask a plan advisor to provide? These…
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Investment Advice for Participants?
ERISA 10.08.2021

Revenge Spending vs Retirement Savings?

Spending trends are way up! Pension industry experts advise retirement plan sponsors to ensure participants are receiving a steady flow of information about saving and retirement planning. Thriving retirement plans focus on high levels of…
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Revenge Spending vs Retirement Savings?