2023 Calendar: ERISA Compliance
Plan sponsors can get 2023 off to a great start by marking their calendars with important dates for action in accordance with ERISA regulations. Retirement plan experts provide an overview of key dates for…
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Fiduciaries and Committees
With more then half of all federal district courts now presiding over ERISA class-action cases, plan sponsors and other fiduciaries must be prepared to defend themselves against allegations of retirement plan mismanagement and other…
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New Form 5500?
The U.S. Department of Labor has released the annual update to Form 5500 and 5500-SF (the short form), making adjustments that reflect regulatory changes. Retirement plan sponsors are reminded that oversight of the annual submission…
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Litigation Trends: ERISA
2022 began with the decision of the U.S. Supreme Court related to Northwestern’s fee litigation case, which left the retirement plan industry wondering about the implications. Looking back on the year, ERISA law experts…
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Security Breaches Defined
Since the Department of Labor issued Guidance in 2021 directing retirement plan sponsors to monitor the cybersecurity protocols in use by service providers, there has been a great deal of confusion about what exactly…
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Unclaimed Estate: $11 Million
When Joseph Stancak died in Chicago at the age of 87, he left behind $11 million, and had no will. Now, six years later, 119 distant relatives have been identified and will inherit a…
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Life Estates Explained
In many families, property, specifically the family home, is the most important asset for consideration during estate planning. Accordingly, lawyers share advice about how the dual goal of remaining securely at home while we…
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Compliance: Year End Responsibilities
The end of the year is an important time for retirement plan sponsors to review plan documents and plan operations. Discretionary changes as well as amendments for compliance must be properly reflected in plan…
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Cybersecurity: What About Your Vendors?
Business owners of all kinds are learning fast: cybersecurity strategies and tactics are integral to running a successful company. Attention to the cybersecurity protocols of any and all vendors (aka service providers) the company…
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