Hurrah for E-Delivery: Are You Covered?
The Department of Labor’s Electronic Disclosure Rule finally allows retirement plans to satisfy information disclosure requirements electronically. Head’s up, though: plans that have not stepped up cybersecurity and data protection efforts have a lot to…
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401(k) Plans: Understand and Mitigate Cyber Security Breaches
Legal experts break down why 401(k) plans are so vulnerable to cyber security breaches, explain the potential for related lawsuits and offer practical actions to mitigate risk. Expert Guidance from Proskeur and Microsoft The…
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Disruptions on the Path to Retirement
Workers in their 50s and 60s are experiencing declining incomes—and facing the prospect of delaying retirement. Plan sponsors will want to stay abreast of the trends. The Bottom Line AARP reports that the pandemic…
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Uniting Against Cybercrime: Advice from the World Economic Forum
What worries have corporate leaders carried to the World Economic Forum? Global recession, bankruptcies—and, third on the list: cyberattacks. Experts advice increased awareness and action by everyone. Cybercriminals Are Wide Awake Here’s the deal:…
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New Guidance for Plan Sponsors: Missing Participants?
Over a billion dollars in retirement plan assets was recovered by the Department of Labor in 2020 alone. New guidance clarifies the obligations of plan sponsors related to ensuring participants receive their benefits. Missing and…
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Protecting Retirement Savings
Ouch! For most workers, early withdrawals from retirement accounts turn out to be very costly, since lost opportunity from market gains is hard to make up. Encourage plan participants to do everything they can…
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Raising Awareness About Data Privacy
Mark your calendar: Data Privacy Day is January 28, 2021. As a matter of fact, go ahead and mark every day on your calendar as a day to respect and safeguard data, especially personally…
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Blackrock’s 401(k) Plan Heads To Trial
Doubts about whether Blackrock’s 401(k) followed the Plan’s Investment Policy Statement have led to the class action suit. Relatedly, here are three critical questions for retirement plan sponsors. What Is the Investment Policy for Your…
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Steering Forward: Get Your Plan Participants Focused
Well, 2021 is here. Now what? Your retirement plan participants will appreciate reminders about nuts and bolts—especially considering some of the regulatory shifts made as COVID-19 emerged last year. Participants In Their 70’s? Whether…
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