Head’s Up: Amended ERISA Legislation?
As part of its intense focus on retirement security, Congress is considering new two-pronged legislation. If it passes, retirement industry experts anticipate that plan sponsors might face more trips to court stemming from fiduciary…
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Retirement Plans: Notice Failure?
Among the many requirements for 401(k) plans are the timely dissemination of a variety of standard notices to participants. ERISA experts remind us that adhering to notice requirements is critical: failure leaves participants without…
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A Rising Priority: Benefits!
Together, small businesses are the largest employer in the country—and they are increasingly prioritizing worker well being. For example, according to new research, one in four are responding to the disruption of the pandemic by…
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Hiring Outside Advisors Does Not Remove Plan Sponsor Fiduciary Liability
Plan sponsors have a lot of responsibility as fiduciaries when managing an employee benefit plan. They have to make sure that the plan assets are invested properly, employees are given adequate information about benefits, employees…
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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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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…
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Study: 25% of Small Businesses Don’t Know Where to Start on Cybersecurity
Keeper Security’s 2019 SMB Cyberthreat Study has been released and there’s one particularly alarming statistic: of the small businesses surveyed, 25% have “no idea where to start” when formulating a cyber attack prevention strategy. Preventing…
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Study: Small Businesses Not Taking Cybersecurity Seriously Enough
According to the Keeper Security 2019 SMB Cyberthreat Study, companies with fewer than 500 employees just aren’t taking the cyber attacker threat seriously enough. Over 40% of all cyberattacks target small to medium-sized businesses according…
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StockX Hack Shows Smaller Businesses Are Vulnerable to Cyber Attacks
The hacks and cyber-attacks you hear about usually involve giant companies like Equifax and Sony. But startup and smaller companies can be vulnerable as well, as shown by the StockX hack. StockX is an online…
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