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Displaying 112 results for: Fiduciary Duty
ERISA 09.26.2020

The Importance of Communicating About Employee Benefit Plans

Employees lack trust in benefit plans. As a business owner—and plan sponsor,  take action to respond to their needs. A great first step: provide more information. What Do Employees Want to Know About Benefit Plans?…
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The Importance of Communicating About Employee Benefit Plans
ERISA 09.26.2020

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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Who Needs to Save for Retirement?
Cyber 09.26.2020

Identify Theft—Are Your Benefit and Retirement Plans Safe?

Identity theft has been on the rise—and that means plan sponsors have to up their cybersecurity efforts. According to AARP: Identity theft occurs when someone obtains someone else’s personal information, such as a Social Security…
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Identify Theft—Are Your Benefit and Retirement Plans Safe?
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
ERISA 08.10.2020

Wisconsin Sees Spike in ERISA Class Action Claims

In the past few months, Wisconsin, among other states, has seen a rise in class litigations involving breach of fiduciary duty claims under the Employee Retirement Income Security Act of 1974, or ERISA. These types…
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Wisconsin Sees Spike in ERISA Class Action Claims
ERISA 08.10.2020

What is a Fiduciary Duty?

A fiduciary is an organization or individual that holds the critical power and responsibility of acting on behalf of others. A fiduciary pledges to carry out their daily duties honestly and through good faith. A fiduciary…
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What is a Fiduciary Duty?
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?
Cyber 06.30.2020

Plan Sponsors Specifically Threatened by Cyber Attacks

Retirement plans and, specifically, their plan sponsors are being threatened more and more by cyber attacks. Recordkeepers, custodians, and third party administrators are being attacked due to all the valuable personal data they harbor and…
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Plan Sponsors Specifically Threatened by Cyber Attacks
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