Busy Times Ahead for Plan Sponsors
Plan sponsors can anticipate lots of action on new regulations to spur employee retirement savings in 2021. Across the country, there is unity around this priority. Widespread Agreement: Encourage Employee Saving Although not quite making…
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The Cost of Cybercrime
$6 trillion dollars! That’s how much money experts estimate cybercrime will cost the global economy in 2021! Get prepared. Secure practical solutions and support now. A Ubiquitous Problem The more we all work, relate and…
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Legal Experts Implore Plan Sponsors: Protect The Data!
Because retirement plans contain sensitive participant data, plan sponsors must step up efforts to protect it from cybersecurity threats. Legal experts urge more precautions. An Explosion of Data Breach Lawsuits As reported by PlanSponsor:…
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Optimism for 2021: Rev Up Retirement Savings
With small and mid size business owners expressing optimism about 2021, retirement plan sponsors can jumpstart savings efforts for the long term security of employees. Small Businesses Lighting the Path As reported on PR Newswire:…
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Strengthen Your Small Business: Add a 401(k)
Just thinking about starting a 401(k) plan can sound daunting to small business owners—especially during this economically challenging time. Actually, however the rewards could put the business ahead and plenty of experts can help you…
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Final Rule on Financial Factors in Selecting Plan Investments
Plan sponsors: take note! The U.S. Department of Labor has established new regulatory guidelines related to your fiduciary duties when selecting investments for 401(k) and other defined-contribution plans. Select Investments Based On Financial Returns and…
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Data Breaches: What Is Your Plan?
Recent data breaches in the healthcare industry are alarming. The fact that there is a shortage of qualified cybersecurity professionals is troubling. Plan sponsors: how are you protecting your plan? Get Focused Cybercrime is…
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Disruption Requires the Increased Vigilance of Plan Sponsors
Confronting the disruptions of 2020, plan sponsors must be ever more vigilant in their fiduciary duties. Legal experts recommend five actions. Uncertainties Are Not Excuses As the sponsor of your company’s retirement plan, ERISA law…
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The Importance of Documenting Retirement Plan Investment Decisions
Sponsors of retirement plans increasingly face claims for breach of fiduciary duties. Examples include cases concerning “excessive” 401(k) plan fees. The National Law Review offers some practical advice. The Heavy Weight of Claims According…
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