Surety Matters

Our blog covering the latest in bonds and insurance
Cyber 07.17.2019

Cyber Attackers Can Use Your Own Systems to Steal Your Data

It does not take a computer virus or public data mining for a cyber attacker to cause a data breach at your company. They can use your own systems against you to get what they…
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Cyber Attackers Can Use Your Own Systems to Steal Your Data
Cyber 07.17.2019

Cyber Attackers Can Steal from Your Older Files Too

You may think that cyber attackers are only going to go after your current information. However, just as small businesses are targets because they do not protect data as well as large companies, older information…
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Cyber Attackers Can Steal from Your Older Files Too
Cyber 07.16.2019

Data Breach Costs Often Felt 2 or More Years After Hack

Cyber attacks can cause large amounts of sensitive and valuable data to be exposed via hackers. But cyber attack effects do not end as soon as the data is exposed soon after the attack. The…
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Data Breach Costs Often Felt 2 or More Years After Hack
ERISA 07.16.2019

An ERISA Plan Administrator’s Fiduciary Responsibilities

A person is a fiduciary under ERISA if they exercise discretionary control or authority over plan management or disposition of plan assets, provide investment advice for plan assets for a fee, or have discretionary authority…
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An ERISA Plan Administrator’s Fiduciary Responsibilities
ERISA 07.13.2019

Fiduciary Breach Statute of Limitations Does Not Begin Without Actual Knowledge

In Sulyma v. Intel Investment Policy Committee (9th Cir. 2018), the Ninth Circuit Court of Appeals ruled that in order for the statute of limitations to begin on a fiduciary breach, the one alleging the breach must have actual…
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Fiduciary Breach Statute of Limitations Does Not Begin Without Actual Knowledge
ERISA 07.12.2019

Failed Pension Investments Can Lead to Fiduciary Liability

Pension plan fiduciaries such as plan sponsors have to worry about a lot of different scenarios that could result in a fiduciary duty breach and liability. One of the most dangerous scenarios that fiduciaries have…
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Failed Pension Investments Can Lead to Fiduciary Liability
ERISA 07.12.2019

Non-diversified Investments Lead to Fiduciary Liability

As a plan sponsor, you may think one investment you have will work wonders for the plan funds you are in charge of. But what if it does not? What if it fails? Then you…
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Non-diversified Investments Lead to Fiduciary Liability
ERISA 07.12.2019

Slightly higher 401(k) Fees Make Plan Sponsors Liable

Paying 1% higher fees than the average rate for someone to administer a 401(k) plan does not sound like it would cause too many problems. But paying fees even 1% higher than average in 401(k)…
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Slightly higher 401(k) Fees Make Plan Sponsors Liable
ERISA 07.11.2019

Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties

There are few virtues more valued in American business than innovation and new ways of thinking. Pension professionals have their own opportunity to unleash new ways of thinking when creating arrangements and plan features. But…
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Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties