Our Blog - Surety Matters

As a plan sponsor, you may think one investment you have will work wonders for the plan funds you are in charge of. But what if it does not? What if it fails? Then you…
Read Moreabout Non-diversified Investments Lead to Fiduciary Liability

Paying 1% higher fees than the average rate for someone to administer a 401(k) plan does not sound like it would cause too many problems. But paying fees even 1% higher than average in 401(k)…
Read Moreabout Slightly higher 401(k) Fees Make Plan Sponsors Liable

There are few virtues more valued in American business than innovation and new ways of thinking. Pension professionals have their own opportunity to unleash new ways of thinking when creating arrangements and plan features. But…
Read Moreabout Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties

The ERISA Advisory Council has provided guidance to the U.S. Department of Labor (DOL) on ERISA fidelity bonds and what the requirements should be in order for a fidelity bond to be DOL compliant. The…
Read Moreabout ERISA Advisory Council Provides Guidance to DOL

Typically, when you think of a breach of fiduciary duty involving a retirement plan, you think of a plan sponsor acting in their own self-interest. They use their position with the plan for their own…
Read Moreabout What is a Retirement Plan Breach of Fiduciary Duty?

The biggest thing that plan fiduciaries can do to prevent claims of fiduciary breach is to implement and follow prudent fiduciary policies, procedures, and practices. This would theoretically cover issues involving costs, conflicts, and due…
Read Moreabout Plan Fiduciary Breach Complaints Rise as Markets Fall

More and more cases related to ERISA duties are winding their way through the courts and could have a large impact on plan sponsors and how they will be able to manage their employee benefit…
Read Moreabout ERISA Ambiguities Lead to Confusion Over Fiduciary Duties

Managing employee benefit plans seems to keep getting more and more complicated every year. Fiduciary duties remain opaque and retirement plans and benefits have morphed over time. One of the more confusing processes for the…
Read Moreabout Pension Professionals: Simplify the ERISA Bonding Process

It is hard for a fiduciary to determine what exactly would be a breach of their fiduciary duty to a retirement plan. That is where New York based law firm Cohen & Buckmann, P.C.’s 2019…
Read Moreabout NYC Law Firm Releases 2019 Fiduciary Guide