Failure To Diversify: ERISA Violation

  Following an investigation by its Employee Benefits Security Administration (EBSA), the Department of Labor won a settlement for the participants of an employer sponsored retirement plan, arguing that fiduciary breaches, including failure to diversify plan assets, had led to...

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From Awareness To Action

  For business owners, the days of having a vague notion that cybersecurity requires attention–and hoping “someone” in IT has it covered, are over. Top down and all around action is necessary to protect the business and retirement plan, and...

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Here’s To A Happy Ending….

  How well do the actual operations of the company sponsored retirement plan match the procedures spelled out in the plan document? Are the operations also in compliance with what even experts say are “increasingly complex qualification requirements and moving...

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Is It A Violation?

  The use of plan forfeitures to offset employer contributions has been a longstanding practice of retirement plan fiduciaries. Nonetheless, new lawsuits are now alleging that this widespread practice is a violation of ERISA. Although defense experts doubt the practice...

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Heightened Interest: IRS Audits

  Among the complications for employers sponsoring 401k plans is the handling of deductions when retroactive contributions are made. Now, attorneys caution that the Internal Revenue Service (IRS) is signaling heightened interest in audits related to deduction errors. Here’s what...

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New Strategies To Help Employees

  Recognizing that the high cost of living (and student loan debt) makes it hard for workers to save, many employers are trying new strategies to inspire more engagement with company sponsored retirement plans, and ultimately help more workers aim...

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Can The Stakes Get Any Higher?

  With a total of over $10 trillion of retirement savings now accumulated in employer sponsored retirement plans, the stakes for safeguarding them are high indeed. The dollars and data require ever better cybersecurity–and ultimately, the trust of workers is...

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It’s Time: Cybersecurity

  The federal Cybersecurity and Infrastructure Security Agency, (CISA), reminds us that it’s time to take four steps to better protect our businesses. Of course it is especially critical for retirement plan sponsors to guard against the impact of cyber...

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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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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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