Our Blog - Surety Matters

Yes. When you sponsor a retirement plan, like a 401k, you are automatically a fiduciary, so in the event cybersecurity failures impact the data or savings of participants, you can face fiduciary breach allegations and…
Read Moreabout Cyber Failure Plus Fiduciary Breach?

When you sponsor a retirement plan at your business, you are specifically required by the Employee Retirement Income Security Act (ERISA) to obtain a fidelity bond. The purpose of an ERISA fidelity bond is to…
Read Moreabout ERISA Bonds Explained

Yes. Essentially, that’s what it means to be a retirement plan sponsor: under ERISA law, you are inherently a fiduciary. Simply put, being a fiduciary means you are legally obligated to act in the best…
Read Moreabout Legally Obligated To Look Out for Others?

We all have a role to play in cybersecurity, and when it comes to protecting our retirement accounts, and our businesses, we all need to take the role extra seriously. The National Cybersecurity Alliance provides…
Read Moreabout Online Security: Basics and Beyond

Every business must guard against the damage and disruption of cybercrime. Those that sponsor retirement plans, like a 401k, are legally obligated to work even harder, both to prevent incidents and to curtail damages after…
Read Moreabout ERISA Cybersecurity Obligations?

Can an employer directly pay for the expenses of a company sponsored retirement plan, and then be reimbursed by the plan? Yes, say ERISA attorneys–as long as certain conditions are very carefully met. It is…
Read Moreabout Plan Expenses: Employer Reimbursements?

Many retirement plan sponsors remain unaware that as ERISA fiduciaries, they are obligated to mitigate cybersecurity risks to the retirement plan. It is dangerous to ignore the intersection of fiduciary and cyber responsibilities, so read…
Read Moreabout Asset Rich But Cybersecurity Poor?

Very! A 401k plan has become an increasingly sought after benefit among workers. Plan sponsorship turns out to be good for business too: sponsoring a 401k plan helps even small businesses attract talented employees, and…
Read Moreabout How Important Is a 401k?

  It’s common practice for retirement plan sponsors to outsource services and support. Doing so is a wise move, since outsourcing frees businesses to focus on their core functions, and brings expertise to the retirement…
Read Moreabout Confused About Outsourcing?