Passwords and Plan Sponsors
Bad password practices open retirement accounts to cybercrime. That’s one reason why the Employment Benefits Security Administration (EBSA) has provided plan sponsors with Online Security Tips for use in educating plan participants about protecting their…
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Cybersecurity: DOL Audit Initiative
Legal experts share a head’s up for plan sponsors: the Department of Labor (DOL) has begun an audit initiative based on the new cybersecurity guidance issued for retirement plans this spring. Here’s what you…
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Target Date Funds and Fiduciary Risks
Pension plan experts remind plan sponsors that evaluating target date funds is a 401k fiduciary responsibility. Though the majority of 401k plans offer target date funds, many fiduciaries don’t know how they work. With…
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Cybersecurity: Caught Off Guard?
Retirement plans across the country are finding out that the Department of Labor is already working to enforce the cybersecurity guidance that was just issued this spring. Here’s what some plans are experiencing as…
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Inadequate ERISA Bond Coverage?
A common and risky compliance issue for retirement plan sponsors is insufficient ERISA fidelity bond coverage. Experts explain some of the consequences, including the risk of being held personally liable for losses. Exposure Risks for…
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Due Diligence with Record-keepers
The consolidation in the record-keeping field makes it extra important for retirement plan sponsors to keep current with oversight and evaluation duties. For example, what do you know about the tech platforms and cybersecurity protocols…
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Save for Retirement—Then What?
Retirement experts are finding that despite the disruptions of the pandemic, employees are trying to focus on retirement saving—and planning. Increasingly, employees are looking for information about how retirement savings translate to retirement income. Plan…
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Carefully Moving Forward: Retirement Plans
As small businesses emerge from pandemic operations and work to evolve, experts caution retirement plan sponsors to allocate time to review the plan design, benefits and services. Participant needs are changing—and plan design options are…
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Fiduciary Responsibilities: A Quick Refresh
As a retirement plan sponsor, you know you have a fiduciary responsibility to ensure that the plan functions in the best interest of participants, but what exactly does that mean? Here’s a quick refresher. A…
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