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Displaying 123 results for: Fiduciaries
Cyber for Plan Sponsors 05.24.2022

401k Auto Portability Benefits Everyone

  Making it easier for employees to bring their retirement savings along when they shift jobs obviously benefits them. Because it reduces the fiduciary risks associated with missing participants and auto cash-outs, facilitating portability also…
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401k Auto Portability Benefits Everyone
ERISA 05.24.2022

Head’s Up: Amended ERISA Legislation?

  As part of its intense focus on retirement security, Congress is considering new two-pronged legislation. If it passes, retirement industry experts anticipate that plan sponsors might face more trips to court stemming from fiduciary…
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Head’s Up: Amended ERISA Legislation?
Cyber for Plan Sponsors 05.16.2022

Retirement Plans: Notice Failure?

  Among the many requirements for 401(k) plans are the timely dissemination of a variety of standard notices to participants. ERISA experts remind us that adhering to notice requirements is critical: failure leaves participants without…
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Retirement Plans: Notice Failure?
Cyber for Plan Sponsors 05.16.2022

A Rising Priority: Benefits!

Together, small businesses are the largest employer in the country—and they are increasingly prioritizing worker well being. For example, according to new research, one in four are responding to the disruption of the pandemic by…
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A Rising Priority: Benefits!
ERISA 09.09.2020

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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Hiring Outside Advisors Does Not Remove Plan Sponsor Fiduciary Liability
ERISA 09.08.2020

IHeart Communications Slammed with ERISA Class Lawsuit

iHeart Communications Inc. is now battling a proposed class action in the Northern District of Texas captained by plan participants and beneficiaries of its 401(k) plan. The plaintiffs of the case claim plan sponsors did…
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IHeart Communications Slammed with ERISA Class Lawsuit
ERISA 08.31.2020

Mercy Health 401(k) Plan Participants Sue for ERISA Violations

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…
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Mercy Health 401(k) Plan Participants Sue for ERISA Violations
Court Bonds 08.31.2020

What You Need to Know About New York Surrogate’s Court Bonds

Individuals chosen to be fiduciaries, administrators, and executors within the Empire State are typically required to post a surety bond. Surrogate’s courts require fiduciaries to obtain such a bond to safeguard the interests and affairs of the…
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What You Need to Know About New York Surrogate’s Court Bonds
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