Fulfilling fiduciary obligations around cybersecurity requires plan sponsors to oversee a complex network of recordkeepers, payroll systems, and custodians. With so many partners involved, answering "who can access what data" is rarely straightforward. Toward improved oversight, ERISA experts suggest three...

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...

In the spirit of “you never know,” it’s wise to periodically review the officially named beneficiaries on all of your accounts, such as bank accounts, life insurance, and retirement accounts, ensuring they reflect your current intentions, given life’s inevitable changes....

Sponsoring an employee retirement plan comes with responsibilities to both the Internal Revenue Service (IRS) and the Department of Labor (DOL). The IRS role in retirement plan sponsorship focuses primarily on tax qualification, while the DOL focuses on fiduciary conduct...

Plan sponsors have more plan design and service options to consider than ever. Lifetime income possibilities. Private equity investments. Emergency savings provisions. Expanded financial education and advisory services. Indeed, the emerging possibilities for helping employees make the most of their...

Business owners who sponsor retirement plans are putting employees on the path to secure retirement—-clearly this is a great thing to do! Plus, sponsoring a retirement plan can benefit the business, and even draw talented and loyal workers. The rewards...

One of the many provisions tucked into 2022’s massive SECURE 2.0 legislation is the option for employers to assist employees with student loan payments, by treating the payments as a contribution to the retirement plan, and thus making them eligible...

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...

Probably not for baby boomers, but most likely, yes, for Gen Z and millennials. Though it’s no surprise that technology continues to both create and illustrate big shifts between generations, a recent study conducted by an AI platform illustrates why...

When sponsoring a retirement plan, hiring outside experts, such as experienced, professional fiduciaries, is generally considered a smart move. What’s not smart however, is being unclear about who has what responsibilities–and ultimately liabilities. Though plan sponsors can never fully eliminate...