California and New Jersey Extend COVID-19-Related Deadlines
Citing the magnitude of the current pandemic, New Jersey has prolonged the deadline for contemplating its suggested fiduciary rule. The Garden State’s novel uniform fiduciary standard was declared on April 15, 2019; nonetheless, under the…
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The Basics of Fiduciary Liability Insurance
When it comes to the management of retirement plans, a fiduciary’s liability is often misunderstood. Fiduciary liability stems from the strict obligations set in place by the Employee Retirement Income Security Act of 1974, or…
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Trump Enacts CARES Act to Combat COVID-19 Crisis
On March 27, 2020, President Donald Trump signed the ground-breaking CARES Act into law. Supported by the American Retirement Association, this coronavirus rescue package delivers extensive relief to individuals, small and large establishments, hospitals, and…
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U.S. Facing Catastrophic Cyber-Attack, Says Federal Commission
U.S. Cyberspace Solarium Commission recently released a report announcing the U.S. is currently fronting a “catastrophic cyber-attack” that could result in permanent destruction exceeding that of severe floods, fires and hurricanes the country hasn’t seen…
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Four Ways the Newly-Released SECURE Act Will Affect Your Retirement
President Trump recently signed into effect one of the most dynamic transformations to retirement planning in recent years. The SECURE Act, or the Setting Every Community Up for Retirement Enhancement Act, creates numerous provisions to…
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Why Do Plan Sponsors Need Fiduciary Liability Insurance?
When you’re in charge of managing a company’s employee benefit plans, you are entrusted with safeguarding the future of your employees. Nonetheless, if you make mistakes with plan management, even the most innocent error may…
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Why Do I Need a Service Provider Bond?
A service provider is a business, organization, or individual who delivers legal, consulting, storage, communication, processing, or other types of services to customers. Service providers are habitually outsourced or third party suppliers like telecommunication service…
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Why Buy Fiduciary Liability Insurance?
If your company offers a plethora of benefits to your employees including a pension plan, then you are a fiduciary, as is anyone who handles or verses the plan. However, did you know if a…
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TPAs Risk Drowning Without Efficient Technology
The role of the third-party administrator has changed greatly over the last decade. TPAs had to learn to become more efficient and provide more cost reduction than their competition in order to maintain business. Because…
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