Not Knowing Plan Documents Leads to Fiduciary Liability
One of the leading causes of fiduciary liability and fiduciary breach is retirement plan fiduciaries not being well versed in plan documents, terms, and conditions. Not following the written terms of a plan document may…
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How Plan Sponsors can Protect Against Data Breach
You hear about data breaches at giant companies like Equifax and Sony, but did you know that individuals, such as plan sponsors, are extremely vulnerable to cyber attack? What can you as a plan sponsor…
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More Technology Means More Plan Sponsor Cyber Risk
Aon plc’s newly released 2019 Cyber Security Risk Report has identified the biggest threats facing plan sponsors in the technological space and has found that as plan sponsors utilize new technology to speed up information…
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Measures Plan Sponsors Can Take to Curb Cyber Attacks
The world of cyber security in employee benefits plans has grown tremendously over the last 20 years. It has evolved from account numbers and firm IDs to more elaborate and useful solutions. So what can…
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Fiduciary and Cyber Liability Insurance Help You Plan For Tomorrow
It’s taken catastrophes to make people realize that insurance is not just a form of gambling; it helps people and businesses endure. Fiduciary liability insurance and cyber liability insurance may seem like gambling on a…
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Small Plan Sponsors More Vulnerable to Data Breach Than Big Companies
You’ve probably heard a lot about data breaches at Equifax and Sony, but did you know that small businesses, including individual plan sponsors, are more vulnerable to cyber attack and data breach than those large…
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Equifax Took Cybersecurity Seriously, Was Still Hacked
Every organization should take cybersecurity seriously, from the mom and pop shop down the street to Amazon. Equifax CEO Mark Begor testified to the United States Senate that the company took cybersecurity seriously prior to…
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New Jersey Expands Data Breach Laws
New Jersey recently passed a law requiring businesses to notify consumers of online breaches. This, theoretically, would allow consumers to change information to limit attackers’ access to their accounts, such as passwords or usernames. It…
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The Bond Compliance Program for Pension Professionals
Keeping track of every plan sponsor’s ERISA fidelity bonding status can be tough. No matter how many plans you are in charge of, it is difficult to remember what is what with information the spread…
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