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ERISA 12.15.2021

Challenging Times for Plan Sponsors

  The storm of lawsuits alleging violation of Employee Retirement Income Security Act (ERISA) fiduciary duties continues to push plan sponsors into settlement negotiations. Though costly, settling before trial frequently ends up becoming more appealing…
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Challenging Times for Plan Sponsors
ERISA 12.06.2021

ERISA Law: Correcting Violations?

  To encourage retirement plan fiduciaries to bring plans into compliance with the Employee Retirement Income Security Act (ERISA), the Employee Benefits and Securities Administration(EBSA) administers the Voluntary Fiduciary Correction Program (VFCP). In 2021, the…
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ERISA Law: Correcting Violations?
ERISA 12.06.2021

Income Illustrations?

  That’s what retirement plan sponsors across the country need to be asking their plan administrators about this quarter. Why? The 2019 Secure Act mandated that participants receive two illustrations, at least once each year,…
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Income Illustrations?
ERISA 12.02.2021

Form 5500?

Form 5500? Experts remind retirement plan sponsors that they have “two masters”: the Department of Labor (DOL) and the Internal Revenue Service (IRS). While the Department of Labor oversees compliance with ERISA, the IRS polices…
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Form 5500?
Cyber for Plan Sponsors 12.01.2021

Retirement Plans In Demand

The “great resignation” is not over: a survey from Principal Financial Group found that a third of workers in the U.S. are considering job changes or retirement in the next 12-18 months. Benefits are going…
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Retirement Plans In Demand
Cyber for Plan Sponsors 11.28.2021

Lessons From A Recent Hack

Recently, the Missouri teacher’s pension fund was attacked—exemplifying just how vulnerable retirement funds are to cyberattacks. Cybersecurity experts provide practical advice to help plan sponsors protect the retirement savings of their employees and beneficiaries. Always…
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Lessons From A Recent Hack
ERISA 11.28.2021

SOC Report? Ask For It!

  As a plan sponsor, you know you need to ask your service providers about how they are preventing security breaches. Doing so is critical to the protection of the retirement assets of your plan…
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SOC Report? Ask For It!
ERISA 11.16.2021

Tis The Season: Allegations Are Costly

  Allegations of ERISA law violations continue creating disruption and expense for retirement plan fiduciaries, including plan sponsors, across the country. Here’s a sampling of the kinds of claims that are winning cases for retirement…
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Tis The Season: Allegations Are Costly
ERISA 11.16.2021

There’s Still Time: 2021’s Resolutions?

Heading into 2021, plan sponsors were encouraged to improve retirement outcomes for workers by making retirement account portability easier. With increased disruption and shift in the workforce, facilitating retirement portability can make a huge difference….
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There’s Still Time: 2021’s Resolutions?