Adequate ERISA Bond?
Retirement plan experts observe that ERISA bonds are confusing for plan sponsors—which likely explains why so many plan sponsors fail to maintain adequate coverage and end up triggering additional compliance problems. Here’s help understanding…
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Form 5500: Is Yours Due?
Failure to correctly file Form 5500 comes with big penalties—and can trigger additional compliance challenges. The calendar year is the basis for many retirement plans, so, if your retirement plan runs on a calendar…
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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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