2025: Plan Sponsors Strategies 

Thinking into the year ahead, plan sponsors across the country are looking at expanding investment lineups, maximizing services and enhancing participant education. According to the 2024 Morgan Stanley Retirement Plan Survey, these are the three primary ways retirement plan sponsors...

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Cybersecurity Insurance: Yes, Plan Sponsors Need It

Speaking at a Plan Sponsor Council of America convening, Lisa Gomez, the Assistant Secretary of the Employee Benefits Security Administration, emphasized the importance of cybersecurity insurance, and observed that many plan sponsors are confused about whether or not they actually...

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Best Practices for Retirement Plan Sponsors

As fiduciaries, plan sponsors must take an active role in overseeing the plan, even when outsourcing. Here are examples of best practices for plan sponsors related to keeping all participants engaged and informed, avoiding the dangerous problems associated with missing...

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Fiduciary Basics for Plan Sponsors

Even as The Department of Labor continues efforts to clarify the fiduciary rule, it’s critical for plan sponsors to understand and act in accordance with the fundamentals of the role under the standards of ERISA law. Here is a helpful...

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A New Job for Plan Sponsors: Cybersecurity

  The more every business (and person in it) uses technology, the bigger the “attack surface” for cybercrime becomes. Last year’s massive MOVEit data breach, compromising data at over 600 businesses, sounded an alarm: whether or not they want the...

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A Win for Plan Sponsors?

  It’s been two decades since a torrent of lawsuits began alleging that fiduciary failures were resulting in high fees for participants, and attorneys say the copycat claims are unlikely to stop anytime soon. There is, however, a modicum of...

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Predictions for Plan Sponsors: 2024

Change is in the air, and toward attracting and retaining employees, plan sponsors are busily expanding traditional company retirement plans to include financial advice, emergency savings, loan repayment and more. Read on for ideas about the 401k of the future....

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Plan Sponsors: What’s On Your Mind?

According to recent research from Fidelity Investments, about three quarters of retirement plan sponsors say they are “very satisfied” that the company plan is meeting objectives. However, many are concerned about how well the plan is aiding in the recruitment...

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Tips for Plan Sponsors: Short On Time?

  Of course we are. It’s hard enough to run a business. Adding on a retirement plan is a wonderful and important thing to do, but comes with a whole host of serious fiduciary responsibilities. Experts suggest areas for focus....

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401k Plan Sponsorship: Going It Alone?

  Experts caution small business owners against thinking they can save money by administering a company sponsored retirement plan without expert help. Similarly, companies who have long sponsored retirement plans might be overly complacent and not up to speed on...

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