Best Practice: Fiduciary Audit File
Sponsoring a 401(k) plan is a terrific way to put employees on the path to secure retirement. However, given the inherent fiduciary responsibilities and the high standards of ERISA, diligence is essential. One helpful…
Read Moreabout Best Practice: Fiduciary Audit File
DOL Plan Audits Explained
Plan audits are an important way the Department of Labor ensures compliance with ERISA standards. Sometimes DOL plan audits are random, but errors, including mistakes with the submission of Form 5500, can trigger audits…
Read Moreabout DOL Plan Audits Explained
Common Fiduciary Errors
It’s a very, very rare business owner who sets out to screw up the company retirement plan. Most plan sponsors take fiduciary obligations and secure retirements seriously. Nonetheless, ERISA is a complex law with…
Read Moreabout Common Fiduciary Errors
Compliance and Connection
Employers sponsoring retirement plans must comply with Department of Labor requirements for sharing clear, comprehensible information with participants and beneficiaries. Going above and beyond compliance inspires more engagement in the plan, and more trust in…
Read Moreabout Compliance and Connection
ERISA Bonds Explained: Five Facts
The Employee Retirement and Security Act (ERISA) specifically requires those responsible for company sponsored retirement plans to obtain a fidelity bond, known as an ERISA bond, to protect the plan against losses due to…
Read Moreabout ERISA Bonds Explained: Five Facts
July Bring Fireworks & Forms: It’s Time
Most retirement plans operate on a calendar year, which makes July a big deal: Form 5500 must be carefully completed, reviewed and submitted by month-end. Changes effective this year are significant. Though preparation of…
Read Moreabout July Bring Fireworks & Forms: It’s Time
Cybersecurity: HR Responsibilities
Everyone at work is at least vaguely aware that cybersecurity is a duty shared by all. That doesn’t however make regularly and consistently practicing cyber hygiene a given during busy days. Increasingly, human resource…
Read Moreabout Cybersecurity: HR Responsibilities
Compliance and Form 5500?
Most retirement plans are required to submit Form 5500 at the end of July. Changes effective this year are significant. Though preparation of Form 5500 is generally done through service providers, plan sponsor sign…
Read Moreabout Compliance and Form 5500?
AI: Spurring More ERISA Lawsuits?
Could be. Even as the ERISA Industry Committee (ERIC) urges curtailment of the frivolous litigation disrupting plan sponsors across the country, hungry AI enthusiasts are offering to provide plaintiff attorneys with potential new cases,…
Read Moreabout AI: Spurring More ERISA Lawsuits?