Our Blog - Surety Matters

Since 2008, the United States has lost an overall amount of more than $1.6 trillion due to data breaches alone. Even these figures may be on the low end of the real number lost, however, as…
Read Moreabout The U.S. has Lost $1.6 Trillion Due to Data Breaches Since 2008

You may not think communications with plan administrative staff could cause a fiduciary breach, but you would be wrong. Plan administrative staff members are functionally plan fiduciaries when they communicate with plan participants and their…
Read Moreabout Fiduciary Liability of Administrative Staff

The ERISA Advisory Council has provided guidance to the U.S. Department of Labor (DOL) on ERISA fidelity bonds and what the requirements should be in order for a fidelity bond to be DOL compliant. The…
Read Moreabout ERISA Advisory Council Provides Guidance to DOL

You can read guides on how to best protect sensitive data stored by a 401(k) plan related to its participants and funds. Monitoring and securing accounts on a regular schedule can help make sure that only the…
Read Moreabout Best Cyber Defense Practices May Not Stop Data Breaches

Typically, when you think of a breach of fiduciary duty involving a retirement plan, you think of a plan sponsor acting in their own self-interest. They use their position with the plan for their own…
Read Moreabout What is a Retirement Plan Breach of Fiduciary Duty?

Former Equifax CIO Jun Ying has been sentenced to four months in prison for insider trading. Ying was found to have sold Equifax stock after the famed data breach was discovered but before the public was aware…
Read Moreabout Data Breach Sends Equifax Executive to Jail

The biggest thing that plan fiduciaries can do to prevent claims of fiduciary breach is to implement and follow prudent fiduciary policies, procedures, and practices. This would theoretically cover issues involving costs, conflicts, and due…
Read Moreabout Plan Fiduciary Breach Complaints Rise as Markets Fall

Managing and containing a data breach is not something a normal business person knows how to do. Cyber attackers are more sophisticated than ever and are going to stay a step ahead of a layman…
Read Moreabout Recovering from a Data Breach Requires the Professionals

More and more cases related to ERISA duties are winding their way through the courts and could have a large impact on plan sponsors and how they will be able to manage their employee benefit…
Read Moreabout ERISA Ambiguities Lead to Confusion Over Fiduciary Duties