DOL: See You In Court
The U.S. Department of Labor got off to a running start this year, bringing allegations of fiduciary breaches against two different plan sponsors in federal court in Maryland. It’s worth taking notice that these…
Read Moreabout DOL: See You In Court
A Win for Plan Sponsors?
It’s been two decades since a torrent of lawsuits began alleging that fiduciary failures were resulting in high fees for participants, and attorneys say the copycat claims are unlikely to stop anytime soon. There…
Read Moreabout A Win for Plan Sponsors?
Longevity Planning Vs Retirement Planning?
Trends toward both living and working longer are shifting how employees and employers have traditionally thought about financing retirement. Flexible hours and flexible benefits are becoming ever more important, and offering these benefits gives…
Read Moreabout Longevity Planning Vs Retirement Planning?
Running Out of Money
That’s a big worry the majority of retirement plan participants, according to industry surveys. Participants also indicate interest in establishing consistent monthly income streams, but plan sponsors are unsure how to go about providing…
Read Moreabout Running Out of Money
Conducting Due Diligence on Advisors
The responsibility of conducting due diligence on the retirement plan advisor is a daunting tasks for most plan sponsors. Without finance and investment experience, it can indeed be difficult to periodically review the performance of…
Read Moreabout Conducting Due Diligence on Advisors
ERISA Section 404(c) Protection?
ERISA Section 404(c) Protection? the Employee Income Security Act (ERISA) imposes personal liability on the fiduciaries of 401k accounts when breaches in responsibilities result in losses to participants, relief from this liability is possible—but only…
Read Moreabout ERISA Section 404(c) Protection?
The Last Line of Defense?
You! Although retirement plan sponsors and third party administrators may think of cybersecurity as a giant and never-ending swamp that would be nice to avoid, experts remind us that our vigilance is really the…
Read Moreabout The Last Line of Defense?
A Must Have: Response Plan
Experts urge retirement plan sponsors to ratchet up their attention to cybersecurity—because cyber criminals have decided retirement accounts are worth their efforts. One immediate step plan sponsors can take is ensuring that an expert…
Read Moreabout A Must Have: Response Plan
Bumpy Times: Retirement Plan Shifts?
Retirement plan experts remind plan sponsors that market volatility makes it extra important to review plan investments. Additionally, as cost curtailment becomes a reality for some businesses, experts share tips on how to make…
Read Moreabout Bumpy Times: Retirement Plan Shifts?