Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties
There are few virtues more valued in American business than innovation and new ways of thinking. Pension professionals have their own opportunity to unleash new ways of thinking when creating arrangements and plan features. But…
Read Moreabout Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties
The U.S. has Lost $1.6 Trillion Due to Data Breaches Since 2008
Since 2008, the United States has lost an overall amount of more than $1.6 trillion due to data breaches alone. Even these figures may be on the low end of the real number lost, however, as…
Read Moreabout The U.S. has Lost $1.6 Trillion Due to Data Breaches Since 2008
Fiduciary Liability of Administrative Staff
You may not think communications with plan administrative staff could cause a fiduciary breach, but you would be wrong. Plan administrative staff members are functionally plan fiduciaries when they communicate with plan participants and their…
Read Moreabout Fiduciary Liability of Administrative Staff
ERISA Advisory Council Provides Guidance to DOL
The ERISA Advisory Council has provided guidance to the U.S. Department of Labor (DOL) on ERISA fidelity bonds and what the requirements should be in order for a fidelity bond to be DOL compliant. The…
Read Moreabout ERISA Advisory Council Provides Guidance to DOL
Best Cyber Defense Practices May Not Stop Data Breaches
You can read guides on how to best protect sensitive data stored by a 401(k) plan related to its participants and funds. Monitoring and securing accounts on a regular schedule can help make sure that only the…
Read Moreabout Best Cyber Defense Practices May Not Stop Data Breaches
What is a Retirement Plan Breach of Fiduciary Duty?
Typically, when you think of a breach of fiduciary duty involving a retirement plan, you think of a plan sponsor acting in their own self-interest. They use their position with the plan for their own…
Read Moreabout What is a Retirement Plan Breach of Fiduciary Duty?
Data Breach Sends Equifax Executive to Jail
Former Equifax CIO Jun Ying has been sentenced to four months in prison for insider trading. Ying was found to have sold Equifax stock after the famed data breach was discovered but before the public was aware…
Read Moreabout Data Breach Sends Equifax Executive to Jail
Plan Fiduciary Breach Complaints Rise as Markets Fall
The biggest thing that plan fiduciaries can do to prevent claims of fiduciary breach is to implement and follow prudent fiduciary policies, procedures, and practices. This would theoretically cover issues involving costs, conflicts, and due…
Read Moreabout Plan Fiduciary Breach Complaints Rise as Markets Fall
How to Become a Licensed California Electrical Contractor
To become a licensed electrician in California, you need to obtain a C-10 Electrical Contractor license. The license is required in order to bid on any projects worth $500 or more. The California Contracts State License…
Read Moreabout How to Become a Licensed California Electrical Contractor