Missing Participants and Minimum Distributions?
Plan sponsors are obligated to ensure participants receive their benefits on schedule. This includes following the Department of Labor’s guidance for arranging for missing participants to receive their requirement minimum distributions. Failure to make…
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Intersecting: ERISA Law and Cybersecurity
The American Bar Association (ABA) advises retirement plan sponsors and administrators to pay more attention to cybersecurity. Specifically, sponsors and other fiduciaries are urged to heed the expanding body of litigation occurring at the intersection…
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Ready?
What might it look like if a lawsuit alleging excessive fees—and failure to adequately monitor service providers—landed on your desk? For starters, piles of plan documents and records—including minutes from meetings about the plan—would…
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Summing Up: ERISA Litigation
Law experts explain the uptick of class action suits alleging mismanagement of retirement plans by fiduciaries. Although courts have dismissed a few of the cases, most of the motions to dismiss have been denied….
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Cyber Threats To Small Businesses?
88% of small business owners fear cybersecurity threats to their businesses—and with good reason. The dramatic rise in cybercrime makes it hard to keep up with the various tactics in play, and small businesses…
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ERISA Advisory Council Recommendations
Gaps in retirement security persist based on gender, race and ethnicity. Accordingly, the Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans has made recommendations aimed at improving the retirement outcomes…
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Treasure Trove for Cyber Criminals
Money and data—that’s the obvious answer to why cyber criminals continue to come up with new ways to access our retirement accounts. In the face of growing threats, ERISA law experts are urging retirement…
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Retirement Plans Attract Talent
As workers across the country continue to evaluate their priorities and possibilities, their expectations are clear: more money and better benefits. Surveys find that when considering job shifts, yes, employees are looking for salary…
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Warning Signs: Contribution Fraud?
Though not a widespread issue, employers who delay or fail to make the appropriate contributions to the retirement plan are a concern for all. Accordingly, the U.S. Department of Labor has issued a list…
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