The latest statistics about the Department of Labor’s investigatory and recovery efforts on behalf of retirement plan participants demonstrate that fiduciary failures come at a tremendous cost to plans, participants and beneficiaries. A major… Read Moreabout Funds Recovered: Enforcement!
Settlements continue to pile up as a way to bring excessive fee lawsuits against retirement plan sponsors to closure. Though admitting no wrong, employers find that the disruption and costs associated with defense—and the uphill… Read Moreabout Failure To Shop Around?
Attorneys specializing in ERISA law are carefully monitoring several cases currently winding their way through the courts: decisions are likely to establish precedents related to the fiduciary responsibilities associated with cybersecurity. Plan sponsors are… Read Moreabout Assume The Obligation: Cybersecurity
Hundreds of Hours of Work… That’s what it can take businesses to paddle out from under the damage and chaos caused by cyber breaches. Notifications, regulatory processes, credit and identity monitoring, forensics—all require careful attention…. Read Moreabout Hundreds of Hours of Work…
Regulatory compliance for retirement plans requires vigilance with the policies and proceedings of both the Internal Revenue Service and the Department of Labor. Experts observe that both have ratcheted up their scrutiny of retirement… Read Moreabout Heightened Scrutiny: Retirement Plans
Of course we are. It’s hard enough to run a business. Adding on a retirement plan is a wonderful and important thing to do, but comes with a whole host of serious fiduciary responsibilities…. Read Moreabout Tips for Plan Sponsors: Short On Time?
Although both retirement plan participants and sponsors have worries about retirement plans, neither expect to make substantial changes to contributions this year. According to Ubiquity’s State of the Industry survey, fear of not having… Read Moreabout Stressed But Sticking With The Plan
Yes, it’s true. Some costs are trending down—and that includes investment fees for retirement plans: they have been declining over the past six years. 2022 was no exception. Explore the trend, and pause to… Read Moreabout Good News: Fees Dropping
Despite widespread communication efforts on password safety, most of us remain sloppy, preferring patterns and words that are easy to remember over best practices in password hygiene. Techies say help is on the way… Read Moreabout Passkeys To The Rescue?
