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...

  Most plan sponsors outsource retirement plan operations and administration to service providers, making it tempting to believe that cybersecurity is the responsibility of third parties too. Not so fast, say experts, including accountants. Here are insights on plan sponsor...

Due dates are fast approaching. Here is a helpful snapshot to make sure you are in compliance and avoid penalties. Get the scoop on efficient, effective and affordable cyber and fiduciary liability protection designed especially to help small businesses too....

You are not alone if you find yourself cloudy on your fiduciary obligations as a plan sponsor. Retirement industry executives observe that very few plan sponsors deeply understand their fiduciary duties or how to protect themselves. Experts suggest these pragmatic...

  The storm of lawsuits alleging violation of Employee Retirement Income Security Act (ERISA) fiduciary duties continues to push plan sponsors into settlement negotiations. Though costly, settling before trial frequently ends up becoming more appealing then the disruption and defense...

Surveys indicate that about 70% of plan sponsors have been using the same record keeper for 5-7 years. Given the changes and possibilities in the field, it might be time to explore current offerings. Cybersecurity? Error reduction? Both are critical...

Bad password practices open retirement accounts to cybercrime. That’s one reason why the Employment Benefits Security Administration (EBSA) has provided plan sponsors with Online Security Tips for use in educating plan participants about protecting their accounts. Let’s get going—dangerous password...

Busy person and plan sponsor: one and the same, right?  As a business owner, you’ve likely found that sponsoring a retirement plan for yourself and your employees, though critically important, can really add to your to do list. Take a...

Over a billion dollars in retirement plan assets was recovered by the Department of Labor in 2020 alone. New guidance clarifies the obligations of plan sponsors related to ensuring participants receive their benefits. Missing and Nonresponsive Plan Participants Sometimes workers...

Mergers and acquisitions are changing the marketplace of 401(k) plan service providers. Plan sponsors are advised to have high expectations. Expect Robust Products and Services Although the mergers and acquisitions among service providers in the 401(k) market have created some...