Head’s Up: Amended ERISA Legislation?
As part of its intense focus on retirement security, Congress is considering new two-pronged legislation. If it passes, retirement industry experts anticipate that plan sponsors might face more trips to court stemming from fiduciary…
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Retirement Plans: Notice Failure?
Among the many requirements for 401(k) plans are the timely dissemination of a variety of standard notices to participants. ERISA experts remind us that adhering to notice requirements is critical: failure leaves participants without…
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A Rising Priority: Benefits!
Together, small businesses are the largest employer in the country—and they are increasingly prioritizing worker well being. For example, according to new research, one in four are responding to the disruption of the pandemic by…
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Plan Sponsors Specifically Threatened by Cyber Attacks
Retirement plans and, specifically, their plan sponsors are being threatened more and more by cyber attacks. Recordkeepers, custodians, and third party administrators are being attacked due to all the valuable personal data they harbor and…
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Mozilla to Block Malicious Downloads in Firefox
To combat the latest cyber-security threats, the company Mozilla stated that its newest version of its Firefox web browser will incorporate an updated malware-blocking service that will verify signatures for the application downloads. If signed,…
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Texas Retirement Plan Uses Third Party Experts to Detect Data Breach
The Employees Retirement System of Texas (ERS) recently fell victim to a cyber attack resulting in a data breach and the exposure of 1.25 million retirement plan records. A flaw in its online portal was…
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Many Small Businesses Can’t Afford Data Breaches
Equifax recently came to a settlement agreement regarding its 2017 data breach that affected nearly 150 million Americans. Those who had their personal information exposed in the breach are eligible to file a claim, with…
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Equifax Data Breach Could Cost Company Thousands Per Person
With over 145 million people affected, the 2017 Equifax data breach was one of the largest and most far reaching of all time. Now, with Equifax’s settlement agreement being finalized, those affected by the breach…
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New York to Receive $19 Million in Equifax Data Breach Settlement
New York State officials announced that the State of New York will receive just over $19 million from Equifax’s settlement after its 2017 data breach exposed the data of nearly 150 million people. Nearly 8.5…
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