Cybersecurity Forecast for 2021
Many of us have started paying increased attention to cybersecurity at work and at home. Experts advise that we are nowhere near done with data protection. Disruption Opens More Possibilities for Criminals The space between…
Read Moreabout Cybersecurity Forecast for 2021
Optimism for 2021: Rev Up Retirement Savings
With small and mid size business owners expressing optimism about 2021, retirement plan sponsors can jumpstart savings efforts for the long term security of employees. Small Businesses Lighting the Path As reported on PR Newswire:…
Read Moreabout Optimism for 2021: Rev Up Retirement Savings
Disruption Requires the Increased Vigilance of Plan Sponsors
Confronting the disruptions of 2020, plan sponsors must be ever more vigilant in their fiduciary duties. Legal experts recommend five actions. Uncertainties Are Not Excuses As the sponsor of your company’s retirement plan, ERISA law…
Read Moreabout Disruption Requires the Increased Vigilance of Plan Sponsors
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…
Read Moreabout Omnicom Slammed with Fiduciary Breach
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…
Read Moreabout What is a Fiduciary Duty?
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…
Read Moreabout House Passes PPP Deadline Extension
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…
Read Moreabout Eleventh Circuit Releases Long-Awaited Decision on ERISA Sanctions
ARA Endorses Interim Amendment Process Improvements for Pre-Approved Plans
In a May 11th letter to the Director of the IRS Office of Employee Plans, the American Retirement Association suggested enhancements in the interim amendment process for pre-approved plan documents. The ARA indicates that the…
Read Moreabout ARA Endorses Interim Amendment Process Improvements for Pre-Approved Plans
How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes
It can be difficult for pension professionals to juggle servicing multiple employee benefit plans at once. With Errors and Omissions protection, pension professionals safeguards against covered losses from any actual or alleged negligent act, error, or…
Read Moreabout How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes