Surety Matters

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Displaying 15 results for: employee benefit plan
ERISA 08.17.2020

Omnicom Slammed with Fiduciary Breach

A former worker of Omnicom Group, Inc. is suing the company and plan fiduciaries, accusing them of ERISA violations while managing the firm’s employee benefit plan. The complaint, filed on July 31 in a U.S. District…
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Omnicom Slammed with Fiduciary Breach
ERISA 07.14.2020

Is Personal Information of Plan Participants An ERISA Plan Asset?

Retirement plan sponsors are beginning to see more claims involving the alleged wrongful use of personal information belonging to retirement plan participants claimed to be “plan assets”. The specifics of these allegations is that employers…
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Is Personal Information of Plan Participants An ERISA Plan Asset?
ERISA 07.14.2020

New Bill Creates Lost and Found Participant Database

It’s not easy for employees to manage, track, and consolidate retirement accounts as they bounce from job to job. Due to short employment periods, workers could leave behind retirement accounts with small balances, which drop…
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New Bill Creates Lost and Found Participant Database
ERISA 07.09.2020

How to Effectively Handle DB Plans Through Covid-19

Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
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How to Effectively Handle DB Plans Through Covid-19
ERISA 06.15.2020

Asset-Weighted Expense Ratio Drops Again

Released on June 8th, an annual study examining trends in open-end mutual funds and exchange-trade funds found that the asset-weighted average expense ratio plummeted to 0.45% in 2019, slicing funds and ETFs nearly in half…
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Asset-Weighted Expense Ratio Drops Again
ERISA 06.03.2020

Fiduciary Liability Claims and “Silent Cyber” Coverage

A vital concern sweeping businesses across the country is a term called “silent cyber”, or the coverage for cyber devastation under traditional property and casualty insurance policies, in contrast to purpose-built cyber insurance policies. A…
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Fiduciary Liability Claims and “Silent Cyber” Coverage
ERISA 05.18.2020

How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes

It can be difficult for pension professionals to juggle servicing multiple employee benefit plans at once. With Errors and Omissions protection, pension professionals safeguards against covered losses from any actual or alleged negligent act, error, or…
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How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes
ERISA 05.14.2020

4 Plan Sponsor Action Plans During COVID-19

As the dynamic ripples of the COVID-19 pandemic continue to sculpt the current marketplace, it is vital for plan sponsors to augment their establishment’s retirement plans for what may lie ahead. Warranting the efficiency of…
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4 Plan Sponsor Action Plans During COVID-19
ERISA 04.30.2020

EBSA Gives Filing Relief for ERISA-Related Deadlines

The Employee Benefit Security Administration (EBSA) just launched deadline relief and recommendations related to the current impact of the COVID-19 pandemic, including expanding “good faith” application of electronic delivery. According to the EBSA’s “Disaster Relief…
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EBSA Gives Filing Relief for ERISA-Related Deadlines