Just thinking about starting a 401(k) plan can sound daunting to small business owners—especially during this economically challenging time. Actually, however the rewards could put the business ahead and plenty of experts can help you… Read Moreabout Strengthen Your Small Business: Add a 401(k)
Plan sponsors: take note! The U.S. Department of Labor has established new regulatory guidelines related to your fiduciary duties when selecting investments for 401(k) and other defined-contribution plans. Select Investments Based On Financial Returns and… Read Moreabout Final Rule on Financial Factors in Selecting Plan Investments
Recent data breaches in the healthcare industry are alarming. The fact that there is a shortage of qualified cybersecurity professionals is troubling. Plan sponsors: how are you protecting your plan? Get Focused Cybercrime is… Read Moreabout Data Breaches: What Is Your Plan?
Confronting the disruptions of 2020, plan sponsors must be ever more vigilant in their fiduciary duties. Legal experts recommend five actions. Uncertainties Are Not Excuses As the sponsor of your company’s retirement plan, ERISA law… Read Moreabout Disruption Requires the Increased Vigilance of Plan Sponsors
The IRS has announced that the elective deferral limit for employee contributions to 401(k) plans for 2021 will remain at $19,500. However, it’s still an important time of year for plan sponsors to communicate with… Read Moreabout Year End Communications About Retirement Savings
Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans. Understanding the IRS Partial Termination Rule… Read Moreabout The 401(k) Partial Termination Rule: Have You Invoked It?
With class action suits related to 401(k) plans rising sharply, now is a critical time to check that you are in compliance with ERISA regulations. Importantly, this includes ensuring an ERISA bond that properly… Read Moreabout Important Reminders About ERISA Bond Compliance
Former and current plan participants in 401(k) plans sponsored by Mercy Health Corporation are now suing the operators of hospitals/clinics and their fiduciaries for ERISA breaches under the Employee Retirement Income Security Act of 1974. The lawsuit… Read Moreabout Mercy Health 401(k) Plan Participants Sue for ERISA Violations
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… Read Moreabout Omnicom Slammed with Fiduciary Breach
