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Displaying 303 results for: Cyber Liability Insurance
ERISA 02.22.2024

Investment Imprudence: Claims on The Rise

  No retirement plan sponsor sets out to be accused of imprudent decision-making related to the investment options offered to participants, but claims are on the rise. That doesn’t mean claims over administrative fees have…
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Investment Imprudence: Claims on The Rise
ERISA 02.22.2024

The Importance of ERISA Bonds

  The words “fiduciary breach,” conjure something big going wrong with the company-sponsored retirement plan, resulting in headline-making allegations. In reality, a painful, “regular,” plan sponsor error, failure to have the ERISA fidelity bond as…
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The Importance of ERISA Bonds
ERISA 02.13.2024

Committee Duties and Training

  Just as retirement plan sponsors must deeply understand and comply with ERISA, so too must each and every member of a retirement plan committee. Regular meetings, education, training, and follow-up are best practices. Committee…
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Committee Duties and Training
ERISA 02.13.2024

Prove It: Defense Is a Must

  Litigation related to employee benefits is a growing area of risk for businesses, and, when allegations are made, sound defense is a must. Consider, for example, that in cases brought against retirement plan sponsors,…
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Prove It: Defense Is a Must
ERISA 02.04.2024

SECURE 2.0: Understanding The Impact

  Given the massive breadth of the SECURE 2.0 Act of 2022, analysis has taken some time, but experts are starting to predict that the greatest potential impact on retirement outcomes will be derived by…
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SECURE 2.0: Understanding The Impact
ERISA 02.04.2024

Retirement Plans and Emergency Savings?

  Pension Linked Emergency Savings Accounts, aka PLESAs, were made possible by a provision in the SECURE 2.0 Act, which became effective at the start of 2024. To help plan sponsors understand and correctly implement…
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Retirement Plans and Emergency Savings?
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?