Fully Engaging As a Plan Sponsor?

Retired plan sponsors are busy people, with lots of built in duties and deadlines. Learning about SECURE 2.0 provisions, keeping up with cybersecurity protocols, and staying on top of emergent regulations contribute to ever fuller days. Nonetheless, continuously engaging participants...

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Curtailing Frivolous Litigation?

Settlements to resolve alleged ERISA violations reached record highs in 2023. Claims brought on behalf of plan participants related to fees, investment performance, and more continue to wind through courts. In an effort to curtail the toll of frivolous litigation...

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Investment Imprudence: Claims on The Rise

  No retirement plan sponsor sets out to be accused of imprudent decision-making related to the investment options offered to participants, but claims are on the rise. That doesn’t mean claims over administrative fees have subsided—it’s just that the doors...

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Small Biz: CEO Role

  The dramatic rise in cybercrime makes it hard to keep up with the various threat tactics in play, and small businesses often suffer the most, since they are without the systems, processes and people bigger companies rely on. Nonetheless,...

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Juggling Act?

Plan sponsors have always had a lot to juggle but lately the juggling has gotten harder. If you are feeling the stress, you are not imagining it: the scurry around SECURE 2.0, pending new IRS regulations, civil investigations, and confusion...

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Hacking People? Social Engineering!

Social engineering tactics in use by cybercriminals rely on us to be human, and thus vulnerable to emotions like excitement, fear or urgency. As a result, cybercriminals do not have to be wizards on the keyboard to by-pass technical approaches...

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Data Protection: Who Has Access?

Given the rapid pace of evolving technology—and today’s litigious environment—benefit industry experts remind plan sponsors that protecting participant data against cybersecurity breaches is an increasingly pressing duty. Since it’s not a matter of “if” a breach will be experienced, but...

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Unorganized? Get a Grip!

Some of us may be unorganized in our approach to the management of personal finances—and that is no one’s business but our own. However, when it comes to serving as a retirement plan sponsor, a higher duty of care is...

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Security Breaches Defined

  Since the Department of Labor issued Guidance in 2021 directing retirement plan sponsors to monitor the cybersecurity protocols in use by service providers, there has been a great deal of confusion about what exactly this responsibility entails. Experts offer...

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Great Expectations: Clients!

Great Expectations: Clients! Necessity resulted in businesses of all kinds making rapid changes to the customer experience during the worst days of the COVID-19 pandemic. Now, there’s no going back: expectations for ease, speed and 24/7 access are high, and...

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