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Displaying 4 results for: Plan Sponsor Fiduciary Liability
Cyber 11.20.2020

Legal Experts Implore Plan Sponsors: Protect The Data!

  Because retirement plans contain sensitive participant data, plan sponsors must step up efforts to protect it from cybersecurity threats. Legal experts urge more precautions. An Explosion of Data Breach Lawsuits As reported by PlanSponsor:…
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Legal Experts Implore Plan Sponsors: Protect The Data!
ERISA 11.06.2020

The Importance of Documenting Retirement Plan Investment Decisions

  Sponsors of retirement plans increasingly face claims for breach of fiduciary duties. Examples include cases concerning “excessive” 401(k) plan fees. The National Law Review offers some practical advice. The Heavy Weight of Claims According…
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The Importance of Documenting Retirement Plan Investment Decisions
ERISA 10.24.2020

The 401(k) Partial Termination Rule: Have You Invoked It?

  Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans.  Understanding the IRS Partial Termination Rule…
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The 401(k) Partial Termination Rule: Have You Invoked It?
ERISA 10.18.2020

Important Reminders About ERISA Bond Compliance

  With class action suits related to 401(k) plans rising sharply, now is a critical time to check that you are in compliance with ERISA regulations. Importantly, this includes ensuring an ERISA bond that properly…
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Important Reminders About ERISA Bond Compliance