Tis The Season: Allegations Are Costly
Allegations of ERISA law violations continue creating disruption and expense for retirement plan fiduciaries, including plan sponsors, across the country. Here’s a sampling of the kinds of claims that are winning cases for retirement…
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There’s Still Time: 2021’s Resolutions?
Heading into 2021, plan sponsors were encouraged to improve retirement outcomes for workers by making retirement account portability easier. With increased disruption and shift in the workforce, facilitating retirement portability can make a huge difference….
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Identity Protection: Using Video
Identity Protection: Using Video To protect retirement accounts from fraudulent withdrawals, at least one service provider, BPAS, is implementing the use of live video to validate participant identity on some transactions. How might stepped up…
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Audit Changes: Written Reports
Head’s up for plan sponsors: Enhanced audit requirements go into effect on December 15. Aimed at reducing the deficiencies of limited-scope audits, the new audit standard requires a written report from plan sponsors, attesting…
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Understanding Inheritance Litigation
Simply stated, inheritance litigation occurs when there is conflict over how the assets of someone who dies are distributed. Legal experts offer examples as well as some common reasons for litigation—and how to avoid…
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Probate: True or False?
Probate: True or False? There tends to be a lot of confusion about what happens during the probate process. Simply put, probate makes our affairs public when we die, with the court supervising the distribution of…
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Estate Planning: Proceed!
Legal experts address the fears that hold many families back from putting estate plans in place, providing encouragement and information to help jump-start the effort. Remember, almost everyone has an estate and thoughtful planning, even…
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Are Trustees Fiduciaries?
Yes! When a trust is created, the trustor (or grantor) names a trustee to administer the assets in accordance with their wishes. Trustees are fiduciaries—held to the highest duty of care in executing their…
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ERISA Violations?
Alleging a variety of ERISA violations, the former participants of a KPMG 401(k) plan are suing the company—and the plan fiduciaries. The complaint has been filed in U.S. District Court in Newark, New Jersey,…
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