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Displaying 11 results for: plan sponsor products
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
Cyber 02.10.2020

It’s Up to Plan Sponsors to Protect Plan Assets from Cyber Attack

Retirement plan participants and beneficiaries rely greatly upon plan sponsors to manage and protect plan assets for their benefit. But with cyber attacks and data breaches becoming more and more prevalent, a plan sponsor’s responsibility…
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It’s Up to Plan Sponsors to Protect Plan Assets from Cyber Attack
ERISA 01.22.2020

Why Do Plan Sponsors Need Fiduciary Liability Insurance?

When you’re in charge of managing a company’s employee benefit plans, you are entrusted with safeguarding the future of your employees. Nonetheless, if you make mistakes with plan management, even the most innocent error may…
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Why Do Plan Sponsors Need Fiduciary Liability Insurance?
Cyber 05.30.2019

The Fiduciary Duty of Protecting Against Cyber Attacks

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill an expert under the circumstances in their field would. They also owe…
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The Fiduciary Duty of Protecting Against Cyber Attacks
Cyber 05.29.2019

There is No Consensus Way to Stop Retirement Plan Cyber Attacks

The United States doesn’t have a national regulatory system for governing cybersecurity. There’s no consensus framework in the country for evaluating the effectiveness of cyber protections. Based on the available information, it seems as if…
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There is No Consensus Way to Stop Retirement Plan Cyber Attacks
Cyber 05.29.2019

Types of Cyber Attacks for Plan Sponsors to Watch Out For

Retirement plans and plan sponsors are coming under attack from cyber attacks. The obvious response is to take precautions to prevent a cyber attack from hitting your retirement plan. But how can you do that without knowing…
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Types of Cyber Attacks for Plan Sponsors to Watch Out For
Cyber 05.29.2019

Anti-Virus Software Will Not Protect Your Plan From Cyber Attacks

Your company computer may have an anti-virus program installed on it, but if you think that’s enough to prevent your retirement plan from succumbing to cyber attacks and data breaches, you have another thing coming….
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Anti-Virus Software Will Not Protect Your Plan From Cyber Attacks
Cyber 05.29.2019

DOL: Plan Sponsors Must Protect Electronic Plan Information

ERISA does not specifically lay out rules and regulations regarding protecting plan data, but the U.S. Department of Labor has addressed the vulnerability of electronically sent plan information. In Regulation Section 2520.104b-1(c), the DOL stated that…
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DOL: Plan Sponsors Must Protect Electronic Plan Information