New Jersey Excludes ERISA Plan Fiduciaries From New Fiduciary Standards
After letters and testimony from the American Retirement Association, New Jersey has excluded ERISA plan fiduciaries from the state’s upcoming new and expanded fiduciary standards. ERISA will preempt this regulation, allowing for the single nationwide…
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Cyber Attack Causes Another Business to Shut Down
Once again, a cyber attack has caused a previously flourishing company to shut down. Asco, a manufacturer of aircraft parts founded in Belgium but owned by U.S. company Spirit AeroSysterms, has shut down indefinitely following a…
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Moving a 401(k) Between Jobs is About to get Simpler
A proposed exemption by the U.S. Department of Labor to the Employee Retirement Income Security Act of 1974 (ERISA) designed to allow easier transfer of a 401(k) from one job to another is expected to…
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Employees Who Commit Theft Often Aren’t Who You’d Expect
You may think that there is no way any of your trusted employees could ever steal from your business. You may personally vet them all and make sure that they are all good people in…
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Cyber Attacks Versus Small Businesses Rising
Larger companies are investing more money into their cybersecurity defenses as cyber attacks and data breaches become more prevalent, happening to entities ranging from larger companies like Sony to esteemed organizations like NASA. So cyber…
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Cyber Attackers Running Small Businesses Out of Business
Large companies are investing in cybersecurity defenses and protections as cyber attacks become more sophisticated. With these larger companies being harder to breach, cyber attackers and hackers have focused their energy and attacks on small…
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90% of All Data Breaches Hurt Small Businesses
Your small business does not have to store sensitive data to be part of a data breach. Giant companies like Sony and Equifax may be the ones who have that sensitive data such as credit…
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Your Company Doesn’t Need to Store Information to be Victim of Cyber Attack
A common misconception is that a company needs to store some type of information to be a target of a cyber-attack or data breach. But you would be incorrect. Having something as simple as a…
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House Passes New 401(k) Bill
The United States House of Representatives has passed a bill resulting in the most significant changes in years to 401(k) plans. With the Setting Every Community Up for Retirement Enhancement, or Secure, Act, it is…
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