Cybersecurity—and Lawsuits Too
The disruption and costs for retirement plan sponsors continues long after hacks or other forms of cybercrime invade the retirement plan. Lawsuits are keeping plan sponsors and record keepers busy. Experts urge preventative action…
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Having Enough: Savings
Retirement plan participants are cancelling illusions of grandeur about older age and leaning in on more practical considerations. There’s a growing focus on having enough savings to maintain a healthy and ordinary life without…
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401k: Theft?
It’s happening. Recently, for example, a man in Maryland was indicted for money laundering, after implementing a computer fraud scheme to illegally access $246,390 from a 401k account. No wonder the Department of Labor—and…
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Zillennials at Work
Robust benefits packages are extremely important to Zillennials—the “micro generation” of employees in the 24-29 range. According to new survey data, so is having a sense of purpose on the job and a work…
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Obligated To Mitigate Risks
ERISA law experts continue to keep a close watch on how the Department of Labor’s 2021 cybersecurity guidance for employee retirement plans is playing out in audits and court rooms across the country. The…
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Optimism: Five Years Out?
What’s ahead for retirement plans? While there’s lots of worry about cybersecurity, plan leakage, and, the lingering impact of the current tsunami of ERISA litigation, industry experts see bright spots when looking ahead. More…
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Greenwashing?
False and exaggerated information about the environmental, social and governance (ESG) merits of investment options have gotten the attention of the Securities and Exchange Commission (SEC). Plan sponsors: are you sure you know what’s…
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Blame: How About The Plan Sponsor?
A rising market is no longer a sure bet—and that, of course, makes retirement plan participants uneasy. It’s human nature to look for someone to blame for losses. When retirement is not secure, who’s…
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401k Auto Portability Benefits Everyone
Making it easier for employees to bring their retirement savings along when they shift jobs obviously benefits them. Because it reduces the fiduciary risks associated with missing participants and auto cash-outs, facilitating portability also…
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