Surety Matters

Our blog covering the latest in bonds and insurance
Displaying 19 results for: financial markets
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…
Read Moreabout TPAs Risk Drowning Without Efficient Technology

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…
Read Moreabout Plan Fiduciaries Must Follow Plan Documents

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…
Read Moreabout Legal and Approved Investments May Still Result in Fiduciary Liability

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…
Read Moreabout Hidden Fees Can Make Plan Investments Imprudent

Hidden Fees Can Make Plan Investments Imprudent
ERISA 08.23.2019

Excessive Fee Suits Against Plan Fiduciaries Becoming More Popular

An increasing number of 401(k) sponsors and providers of retirement products are seeing lawsuits against them alleging, among other things, excessive plan fees in violation of ERISA and therefore, a breach of the plan fiduciary’s fiduciary duty….
Read Moreabout Excessive Fee Suits Against Plan Fiduciaries Becoming More Popular

Excessive Fee Suits Against Plan Fiduciaries Becoming More Popular
ERISA 08.12.2019

Plan Fiduciaries Must Evaluate Plan Fees

Plan fiduciaries have a lot of obstacles to avoid during plan administration to avoid fiduciary breaches, but the most common breach of fiduciary duty is for a plan that has unreasonable fees and expenses. This…
Read Moreabout Plan Fiduciaries Must Evaluate Plan Fees

Plan Fiduciaries Must Evaluate Plan Fees
ERISA 07.20.2019

The Pension Professional Dashboard by Colonial Surety

Did you know that there is a way for a third party administrator to manage all of their clients’ ERISA fidelity bonding needs, view renewal history, limit adjustments and much more? And that it is…
Read Moreabout The Pension Professional Dashboard by Colonial Surety

The Pension Professional Dashboard by Colonial Surety
ERISA 07.19.2019

What do the DOL and IRS Look for When Investigating Your Plan?

Investigation and audit from the U.S. Department of Labor and the IRS, respectively, are possibilities that all TPAs need to be prepared for and ready to handle. These investigations can lead to plan liability or…
Read Moreabout What do the DOL and IRS Look for When Investigating Your Plan?

What do the DOL and IRS Look for When Investigating Your Plan?
ERISA 07.19.2019

Why Should you get the Bond Compliance Program?

Do you as a third-party administrator wish there was an easy way for you to be able to verify your client’s ERISA fidelity bond coverage when filing the Form 5500? Enter Colonial Surety’s Bond Compliance…
Read Moreabout Why Should you get the Bond Compliance Program?

Why Should you get the Bond Compliance Program?