IRS Grants RMDs Rollover Relief
Novel guidance has been published by the Internal Revenue Service, who extended the rollback period for minimum distributions already taken this year. The guidance encompasses a series of FAQs and offers plans with sample amendments…
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Twitter Data Leak Exposes Clients
Twitter has just informed their business clients of a potential data breach include phone numbers, email addresses, and card numbers that may have been exposed by hackers. Billing information viewed on Twitter Ads or Twitter…
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Pension Risk Transfers Drop in May
Pension risk transfer premiums fell significantly last month due to a continuous decline in both annuity purchase rates and discount rates. Per the latest pension buyout index study, discount rates sunk 27 basis points this…
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Malicious Chrome Extensions Downloaded Millions of Times
Google has deleted scores of fake and malicious Chrome extensions used in a devastating global eavesdropping effort. Identified by Awake Security, the threat was found in 111 of malicious extensions over the last three months….
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DOL Proposal Fortifies Fiduciary Role in ESG Investing
According to a new proposed rule from the Labor Department, ERISA plan fiduciaries are not allowed to invest in ESG vehicles that take on more risk and sacrifice investment returns. The rule, published Tuesday night,…
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Fidelity Investments Reaches Settlement in ERISA Lawsuit
Fidelity Investments just reached a settlement with former plan participants in the firm’s 401(k) plan, who accused plan fiduciaries of violating ERISA laws. Filed on June 18 in U.S. District Court in Boston, the plaintiffs…
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FEMA Employee Indicted for Medical Center Hacking
A Michigan man has been charged with hacking into the database of a medical center and swiping over 65,000 employee information. Justin Sean Johnson, an IT Specialist at the Federal Emergency Management Agency (FEMA) was…
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Cancer Care Data Breach Involves 55k Patients
Cancer Care Group, one of the largest privately-owned radiation oncology programs in the United States, has suffered from a serious data breach that swiped patient names and addresses, social security numbers, dates of birth, insurance…
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Newark Airport Safety Measures See New Changes
Newark Airport passengers and employees alike will encounter serious changes to airport security and safety. Face coverings will now be required in all public areas for any person in the premises, with some airlines requiring…
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