Retirement Plans and Cybersecurity: Ongoing Threats
Among the many dangers of big, headline making cyber attacks is distraction. At the moment, for example, while we are all busy wondering about the availability of gas, what ransomware can do, and so on,…
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New Opps for Cyber Criminals
Opening up the office? Woohoo! Congrats! An actual coffee break with colleagues has never been sweeter, right? Whose birthday needs a cake? Just remember, re-opening creates new opportunities for cyber criminals too. They’re ready—are you?…
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Even Allegations Are Costly
As a record number of new ERISA class actions were filed in the past year, smaller retirement plans are increasingly impacted. Since even the allegation of an ERISA breach can be very costly, small businesses…
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Heading Into Act Two
Government plans dubbed “Secure 2.0” are underway, strengthening 2020’s Secure Act to advance more retirement saving efforts. Recognizing that the COVID-19 crisis has underscored the critical importance of saving, policy makers are eager to…
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Expanding: ERISA Fiduciary Responsibilities
Information about how ERISA litigation is playing out in courtrooms across the country helps retirement plan fiduciaries understand their increasing responsibilities. With the Department of Labor’s recent call to action on cybersecurity, fiduciaries from plans…
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Can’t Afford to Save?
New data points to the importance of plan sponsors continuously communicating with employees about how even modest savings add up on the path to retirement. Here are tips on boosting confidence in retirement saving….
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High Expectations: Cybersecurity Updates
Under ERISA, Business owners who sponsor 401(k) plans have important fiduciary responsibilities related to the prudent selection and monitoring of service providers. EBSA has now issued guidance to ensure plan sponsors choose service providers who…
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Targeting Smaller Plans: ERISA Class Actions
It’s no secret that ERISA Class Actions have been on the rise, putting fiduciaries in the hot seat, especially related to decisions about plan fees. Though large plans were initially the prime targets, claims are…
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Cyber Breach Response: Who’s Ready?
Given the likelihood that all of our businesses will at some point experience a cyber breach, experts emphasize the importance of naming a designated response team. A cyber breach does not necessarily spell disaster, but…
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