Cybersecurity: 3-Prong Strategy?
Retirement plan sponsors must know what their service providers are doing toward cybersecurity. They must also put best practices in place in their businesses—and ensure that plan participants are following appropriate online security procedures….
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Avoid Extremes
Play it safe or seek growth? While overseeing the company retirement plan, it may be tempting for plan sponsors to take an overly cautious stance with the investment options. On the other hand, the lure…
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Final Rule: The DOL and ESG
The U.S. Department of Labor has released it’s final rule on ESG factors in retirement accounts: while plan fiduciaries may consider environmental, social and governance factors when selecting investments for the plan, they are…
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Penalty of Perjury: Form 5500
Before Form 5500 is filed each year, retirement plan sponsors must sign off. Lawyers specializing in ERISA remind us that filing is “under penalty of perjury.” What does that mean? Read on to find…
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2023 Calendar: ERISA Compliance
Plan sponsors can get 2023 off to a great start by marking their calendars with important dates for action in accordance with ERISA regulations. Retirement plan experts provide an overview of key dates for…
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Fiduciaries and Committees
With more then half of all federal district courts now presiding over ERISA class-action cases, plan sponsors and other fiduciaries must be prepared to defend themselves against allegations of retirement plan mismanagement and other…
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New Form 5500?
The U.S. Department of Labor has released the annual update to Form 5500 and 5500-SF (the short form), making adjustments that reflect regulatory changes. Retirement plan sponsors are reminded that oversight of the annual submission…
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Litigation Trends: ERISA
2022 began with the decision of the U.S. Supreme Court related to Northwestern’s fee litigation case, which left the retirement plan industry wondering about the implications. Looking back on the year, ERISA law experts…
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Security Breaches Defined
Since the Department of Labor issued Guidance in 2021 directing retirement plan sponsors to monitor the cybersecurity protocols in use by service providers, there has been a great deal of confusion about what exactly…
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