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Displaying 50 results for: 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

House Passes PPP Deadline Extension

On July 1st, the House of Representatives gave their stamp of approval to the Senate-backed legislation to prolong the deadline for small businesses impacted by the pandemic to apply for loans under the Paycheck Protection…
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House Passes PPP Deadline Extension
ERISA 05.22.2020

Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions

The Eleventh Circuit just confirmed their outlook on the Employee Retirement Income Security Act of 1974, or ERISA. The new decision in Williamson v. Travelport, LP 953 F. 3d 1278 (11th Cir. 2020), illuminated the latitude…
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Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions
ERISA 04.22.2020

Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack

A suit has been filed, alleging “actions in allowing an unknown individual to prey on and steal hundreds of thousands of dollars form the retirement savings of the Plaintiff.” The case was filed on behalf…
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Record Keeper, Plan Sponsor Sued for Fiduciary Breach in 401(k) Account Hack
ERISA 11.20.2019

Why Buy Fiduciary Liability Insurance?

If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a…
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Why Buy Fiduciary Liability Insurance?
ERISA 09.10.2019

TPAs Risk Drowning Without Efficient Technology

The role of the third-party administrator has changed greatly over the last decade. TPAs had to learn to become more efficient and provide more cost reduction than their competition in order to maintain business. Because…
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TPAs Risk Drowning Without Efficient Technology
ERISA 08.27.2019

Plan Fiduciaries Must Follow Plan Documents

This may sound like common sense but it does in fact need to be noted: according to IRS rules, a plan must operate according to its own plan document’s terms in order to maintain its…
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Plan Fiduciaries Must Follow Plan Documents
ERISA 08.23.2019

Legal and Approved Investments May Still Result in Fiduciary Liability

Plan funds and assets don’t have to be invested in an illegal manner in order for an investment to count as imprudent and a breach of a plan sponsor’s fiduciary duty to plan participants. Even…
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Legal and Approved Investments May Still Result in Fiduciary Liability
ERISA 08.23.2019

Hidden Fees Can Make Plan Investments Imprudent

As a fiduciary, you may do everything by the book in choosing what to invest plan assets in. The investment may be safe, provide proper amounts of returns and not be overly risky. But there’s…
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Hidden Fees Can Make Plan Investments Imprudent