ERISA Fidelity Bonds # 10 Facts Plan Sponsors Need To Know

Compiled with guidance from accountants, attorneys, and ERISA compliance experts If you sponsor a workplace retirement plan — a 401(k), profit-sharing plan, or similar arrangement — you carry one of the most consequential legal obligations in employment law. Embedded within...

Article

It’s Personal: ERISA Requirements for Plan Sponsors

When you sponsor a retirement plan for employees, such as a 401k, you exercise discretion whenever you make decisions about the plan’s management. That’s why, under the Employee Retirement Income and Security Act, you are considered a fiduciary, and can...

Article

Cybersecurity: A Fiduciary Duty for Plan Sponsors

When you sponsor a retirement plan, it is tempting to assume your service providers have everything covered. However, under the Employee Retirement Income Security Act (ERISA), selecting and monitoring these vendors is a fiduciary act. Because retirement accounts house highly...

Article

True or False: Only Big Retirement Plan Sponsors Get Sued?

Though it’s the big dollar cases against big companies with large 401k plans that make headlines, the reality is that sponsors with businesses of every size need to beware of their ERISA litigation risks. Attorneys and 410k specialists provide insights...

Article

How Do Plan Sponsors Protect Themselves?

With the exploration of private equity and other alternative investments in 401k plans underway, plan sponsors are confronting increased uncertainty and complexity as ERISA fiduciaries. Decision making errors in the face of duties like prudence and loyalty come with the...

Article

What Are The Cybersecurity Obligations of Plan Sponsors?

The Department of Labor obligates retirement plan sponsors to mitigate cybersecurity threats to plan assets and data, and provides specific guidance for doing so. Still, many retirement plan sponsors find it overwhelming to develop action steps, which is understandable in...

Article

Avoid Autopilot: Pointers for Plan Sponsors

While third party administrators (TPAs) and other pension professionals play a critical role in successful 401ks, plan sponsors retain the ultimate responsibility for ensuring that the plan continuously operates in the best interests of participants. That’s why it is wise...

Article

Homework Season: Retirement Plan Sponsorship

Fall’s in the air, and that means homework’s spread out on the kitchen table. If you are a retirement plan sponsor, you’ve got homework too. Now’s the time to tune into details that might be in the way of greater...

Article

Mounting Pressures: Plan Sponsorship

With miles to go, 2025 has already been an eventful time for retirement plan sponsors. National risk management experts explore the complications confronting sponsors in this period of “shifting sands,”  and recommend strategies, solutions and tools to mitigate the risks. ...

Article

Red Flags for 84% of Retirement Plan Sponsors?

Analysis of nearly 800,000 Form 5500 filings reveals that the majority of retirement plan sponsors have at least one “red flag violation.” Since both regulatory compliance and fiduciary shortcomings are a very big deal under ERISA, plan sponsors will want...

Article