Identity Theft Protection Isn’t Enough Against Cyber Attacks
For years, the biggest fraudulent internet schemes you had to worry about involved identity theft, whether it be a Nigerian Prince requiring your personal info to receive a portion of his wealth or just someone…
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Businesses Need To Be Proactive When It Comes to Cybersecurity
As technology becomes more advanced with supply chains becoming automated, data stored remotely in the cloud, and robots working in factories, companies have to become proactive on the cybersecurity front and update their infrastructure to…
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The Need for Fiduciary Liability Insurance is Greater than Ever
A fiduciary’s liability is one of the most misunderstood areas of exposure for those involved with retirement plans. If your company is a small company, it is particularly important to consider the fact that as…
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In Fiduciary Breach Case, Fiduciaries Must Prove That Choices Did Not Cause Loss
The three main elements of a fiduciary breach case are: 1) a breach, 2) a loss, and 3) that the loss was caused by the breach. Unfortunately for breaching fiduciaries, they’re often the ones who…
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Can You Avoid Fiduciary Liability?
In the case of White v. Chevron (N.D. Cal 2016), the plaintiffs alleged breaches of its fiduciary duty for not choosing proper investments for plan funds, by choosing to invest in funds that performed poorly, and cost…
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Your Bond Might Not Be an ERISA Bond
The ERISA Act requires that every person who handles employee benefit plan assets or funds as well as any plan fiduciary be bonded with an ERISA fidelity bond. Those bonded must be bonded for at…
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Why Does Your Plan Need an ERISA Fidelity Bond?
Plans can very easily come under threat. Whether it’s from larceny, forgery, embezzlement, or misappropriation, theft, and fraud are unfortunate facts of plan administration. So how do you protect your plan against those threats of…
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ERISA Advisory Council Recommends New DOL ERISA Bond Guidance
In a November 6, 2018 ERISA Advisory Council report, the Council recommended the Department of Labor (DOL) issue new ERISA fidelity bond guidance after evaluating current DOL regulations and guidance. In the report to Secretary of Labor…
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Four Important Facts About ERISA Fidelity Bonds
Employee benefit and retirement plans make companies and business that offer them fantastic places to work. Yet mistakes or dishonesty can happen to even the best companies, which can put those benefits at risk. That’s…
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