Love the Details!
That’s what ERISA legal experts advise plan sponsors to do. For example, when you buy a cup of coffee, you know how much you are paying, right? What about the retirement plan fees your…
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Apathy and Fiduciary Liability?
No retirement plan sponsor sets out to fail in their fiduciary duties. Running a small business can be exhausting, though, with good intentions ending up on the bottom of the to-do list. Pension experts offer…
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Fiduciary Lawsuits and Small Businesses
Were you diligent in your service provider selection process? Are your retirement plan fees too high? Right now, these are especially critical questions for plan sponsors from small businesses. ERISA litigation is having a “trickle…
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Action Steps for Fiduciaries: Cybersecurity
Observing that the cybersecurity guidance provided this year by the Department of Labor (DOL) is very high level, leaving details somewhat fuzzy, legal experts suggest specific actions for plan fiduciaries. Beware that the DOL…
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Fraud Control and Retirement Accounts?
In the face of heightened and ongoing security threats, the Society of Professional Asset Managers and Recordkeepers (SPARK) has developed specific recommendations about what plan sponsors can do to prevent retirement account fraud. The suggestions…
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Flawed Retirement Plans?
Experts observe that during the pandemic, participants started asking more questions about investment plans and fees, ultimately pointing to flaws that hinder retirement savings to thrive. Now, a swell of new ERISA lawsuits are advancing…
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Gen Z: Most Ready To Retire?
New research shows that 70% of workers between the ages of 18 and 23 are saving for retirement. Though their account balances are modest, pension experts observe that this is a promising trend, given that…
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Plan Fees?
Hefty plan fees are often the central issue in the rising tide of 401k lawsuits. There were a record number of 401k lawsuits in 2020 and business experts anticipate litigation will advance at a…
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Fiduciaries Accused of Breaching Duties
As the swell of ERISA lawsuits continues, court rulings serve as reminders to all plan fiduciaries to actively and continuously monitor and control investment costs. The precedents set in large settlements are opening the…
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