DOL Releases New Fiduciary Rule
The Labor Department has revealed its long-awaited fiduciary rule, along with some novel implications for record-keepers, rollover and Pooled Employer Plans advice. Titled “Improving Investment Advice for Workers & Retirees“, the proposal offers a new…
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Rhode Island Extends Indoor Dining and More
The Governor of Rhode Island and the Direct of the Rhode Island Department of Health offered new details on the state’s expanding response to the current epidemic. After launching Phase 3 on Tuesday, June 30th,…
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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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Governor Murphy Reopens NJ Schools
This fall, New Jersey schools must include social distancing and face masks as part of a new COVID-19 safety initiative for students and staff. Governor Murphy has partnered with the Department of Education Commissioner Laont…
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Costco Sued Over Mismanagement of 401(k) Plan
On behalf of plan participants of the Costco 401(k) Retirement Plan, a lawsuit was filed against Costco Wholesale Corporation and related parties for allegedly mismanaging a defined contribution plan worth $15.5 million. Filed on Tuesday…
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Mozilla to Block Malicious Downloads in Firefox
To combat the latest cyber-security threats, the company Mozilla stated that its newest version of its Firefox web browser will incorporate an updated malware-blocking service that will verify signatures for the application downloads. If signed,…
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NJ Motor Vehicle Commission Opens
Attention New Jersey drivers! Governor Phil Murphy stated Friday that state Motor Vehicle Commissions offices can resume operations on June 15 for a plethora of pick-up and drop-off services. As they start opening their doors,…
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New Jersey Resumes Recreational Activities on July 2
On Wednesday, Governor Phil Murphy announced museums, arcades, bowling alleys, aquariums and other recreational activities will open to the public starting next week. Batting cages and shooting ranges can resume Thursday at 25% capacity, the…
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Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
During this time of uncertainty, industries are particularly vulnerable to cyber breaches. Last year alone, ransomware targets forfeited over $1.3 billion to hackers, including high-profile victims like hospitals, airlines and retailers. However, small businesses are…
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