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ERISA 01.25.2024

Increased Penalty Fees

  Fees, litigation and even criminal indictments are all possibilities for plan fiduciaries when the Department of Labor uncovers ERISA violations. Since civil penalty amounts are adjusted for inflation, the stakes are going up. Read…
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Increased Penalty Fees
ERISA 01.25.2024

A New Job for Plan Sponsors: Cybersecurity

  The more every business (and person in it) uses technology, the bigger the “attack surface” for cybercrime becomes. Last year’s massive MOVEit data breach, compromising data at over 600 businesses, sounded an alarm: whether…
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A New Job for Plan Sponsors: Cybersecurity
ERISA 01.17.2024

Reducing PBGC Plan Premiums?

  All employer sponsored defined benefit plans pay insurance, with premiums set by Congress to the Pension Benefit Guaranty Corporation, which is an agency of the U.S. Government. Read on for insights about how PBGC…
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Reducing PBGC Plan Premiums?
ERISA 01.17.2024

Plan Outcomes vs Business As Usual

  Set it and forget it is not a best practice for retirement plan sponsors. If it’s been a while since you have given the plan some real attention, chances are strong that much has…
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Plan Outcomes vs Business As Usual
ERISA 01.12.2024

DOL: See You In Court

  The U.S. Department of Labor got off to a running start this year, bringing allegations of fiduciary breaches against two different plan sponsors in federal court in Maryland. It’s worth taking notice that these…
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DOL: See You In Court
ERISA 01.12.2024

A Win for Plan Sponsors?

  It’s been two decades since a torrent of lawsuits began alleging that fiduciary failures were resulting in high fees for participants, and attorneys say the copycat claims are unlikely to stop anytime soon. There…
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A Win for Plan Sponsors?
ERISA 01.10.2024

Longevity Planning Vs Retirement Planning?

  Trends toward both living and working longer are shifting how employees and employers have traditionally thought about financing retirement. Flexible hours and flexible benefits are becoming ever more important, and offering these benefits gives…
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Longevity Planning Vs Retirement Planning?
ERISA 11.01.2022

Running Out of Money

  That’s a big worry the majority of retirement plan participants, according to industry surveys. Participants also indicate interest in establishing consistent monthly income streams, but plan sponsors are unsure how to go about providing…
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Running Out of Money
ERISA 11.01.2022

Conducting Due Diligence on Advisors

The responsibility of conducting due diligence on the retirement plan advisor is a daunting tasks for most plan sponsors. Without finance and investment experience, it can indeed be difficult to periodically review the performance of…
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Conducting Due Diligence on Advisors