How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes
It can be difficult for pension professionals to juggle servicing multiple employee benefit plans at once. With Errors and Omissions protection, pension professionals safeguards against covered losses from any actual or alleged negligent act, error, or…
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EBSA Gives Filing Relief for ERISA-Related Deadlines
The Employee Benefit Security Administration (EBSA) just launched deadline relief and recommendations related to the current impact of the COVID-19 pandemic, including expanding “good faith” application of electronic delivery. According to the EBSA’s “Disaster Relief…
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COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations
The recent pandemic has forced the hand of numerous establishments across the United States to release employees from their current positions. With over 26 million Americans now filing for unemployment in as little as five…
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House Approves Bill to Help Pay Retirement Benefits
On April 23, the House of Representatives approved a $484 billion COVID-19 stimulus bill which incorporates funding that can be utilized to help pay retirement benefits. The novel legislation, titled the Paycheck Protection Program and…
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Putnam Settles for $12.5 Million in ERISA Case
In recent ERISA litigation headlines, there was a monumental divide between the nation’s courts in determining who exactly bears the burden of proof in a lawsuit. The original case, Brotherston v. Putnam Investments, LLC was…
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The Basics of Fiduciary Liability Insurance
When it comes to the management of retirement plans, a fiduciary’s liability is often misunderstood. Fiduciary liability stems from the strict obligations set in place by the Employee Retirement Income Security Act of 1974, or…
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The Great Data Heist: The 21st Century’s Biggest Data Breaches
As we move further into the 21st century, cyber attacks and data breaches are becoming more and more prevalent. Personal information, including social security numbers and private email exchanges are becoming publicly available thanks to…
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43% of Data Breaches Victims Are Small Businesses
The 2019 Verizon Data Breach Investigation Report, which tracked 41,686 security incidents from 86 countries and 73 different data sources, including 2013 total data breaches, has been released and states that small businesses were the…
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Four Ways the Newly-Released SECURE Act Will Affect Your Retirement
President Trump recently signed into effect one of the most dynamic transformations to retirement planning in recent years. The SECURE Act, or the Setting Every Community Up for Retirement Enhancement Act, creates numerous provisions to…
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