Even NASA Can Get Hacked
You may think that you have got the latest training and safeguards against cyber attacks, but if even NASA can get hacked, how safe are you really? The U.S. National Aeronautics and Space Administration, the people…
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The Need for Fiduciary Liability Insurance is Greater than Ever
A fiduciary’s liability is one of the most misunderstood areas of exposure for those involved with retirement plans. If your company is a small company, it is particularly important to consider the fact that as…
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In Fiduciary Breach Case, Fiduciaries Must Prove That Choices Did Not Cause Loss
The three main elements of a fiduciary breach case are: 1) a breach, 2) a loss, and 3) that the loss was caused by the breach. Unfortunately for breaching fiduciaries, they’re often the ones who…
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Can You Avoid Fiduciary Liability?
In the case of White v. Chevron (N.D. Cal 2016), the plaintiffs alleged breaches of its fiduciary duty for not choosing proper investments for plan funds, by choosing to invest in funds that performed poorly, and cost…
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Why Does Your Plan Need an ERISA Fidelity Bond?
Plans can very easily come under threat. Whether it’s from larceny, forgery, embezzlement, or misappropriation, theft, and fraud are unfortunate facts of plan administration. So how do you protect your plan against those threats of…
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ERISA Advisory Council Recommends New DOL ERISA Bond Guidance
In a November 6, 2018 ERISA Advisory Council report, the Council recommended the Department of Labor (DOL) issue new ERISA fidelity bond guidance after evaluating current DOL regulations and guidance. In the report to Secretary of Labor…
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Four Important Facts About ERISA Fidelity Bonds
Employee benefit and retirement plans make companies and business that offer them fantastic places to work. Yet mistakes or dishonesty can happen to even the best companies, which can put those benefits at risk. That’s…
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