Cybersecurity Forecast for 2021
Many of us have started paying increased attention to cybersecurity at work and at home. Experts advise that we are nowhere near done with data protection. Disruption Opens More Possibilities for Criminals The space between…
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Prudence and Loyalty: New Regulations for Plan Fiduciaries
As anticipated, the U.S. Department of Labor (DOL) has released a final rule updating and detailing the fiduciary duties of prudence and loyalty under ERISA. Plan Sponsors: Pay Attention—Even When Voting By Proxy! The new…
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Is Your Retirement Plan Ready for a Data Breach?
Increasingly, business strategies are expanding from cybersecurity basics to the broader approach of cyber resilience. This is important for retirement plans too! Preventing Threats—and Enabling Business Continuity Too No matter how good the cybersecurity controls…
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Lawsuits Against Plan Sponsors: They Really Do Happen!
Lawsuits filed against retirement plan sponsors are on the rise—and tend to linger. Draw insights from them to help you protect yourself, your company, and your plan. A Lingering Case Against a Plan Sponsor Recently,…
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401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
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Understanding Retirement Savings: Lifetime Income Illustrations
Chances are good that your company’s employees need to save more toward retirement. This is true across the country. New lifetime income disclosures mandated by the SECURE Act, aim to educate employees—and motivate them to…
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Plan Sponsorship Is Serious Business: Take Precautions
If you are in charge of your company’s employee retirement plan, you are entrusted with safeguarding the future of your employees. Exercise every precaution to protect them, the company—and yourself. ERISA Lawsuits Are Common There…
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Who Needs to Save for Retirement?
All of us! Even before the financial challenges brought on by COVID-19, retirement saving for workers in the US was insufficient—and in fact, worsening. For example, data from 2014-2017 shows that only 40% of employers…
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Hiring Outside Advisors Does Not Remove Plan Sponsor Fiduciary Liability
Plan sponsors have a lot of responsibility as fiduciaries when managing an employee benefit plan. They have to make sure that the plan assets are invested properly, employees are given adequate information about benefits, employees…
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