What do the DOL and IRS Look for When Investigating Your Plan?
Investigation and audit from the U.S. Department of Labor and the IRS, respectively, are possibilities that all TPAs need to be prepared for and ready to handle. These investigations can lead to plan liability or…
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Why Should you get the Bond Compliance Program?
Do you as a third-party administrator wish there was an easy way for you to be able to verify your client’s ERISA fidelity bond coverage when filing the Form 5500? Enter Colonial Surety’s Bond Compliance…
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Efficient Technology Can Level the Pension Professional Playing Field
How can you as a third party administrator or pension professional compete with the company that is able to take on thousands and thousands more plans than you? With innovative technology, you can match the…
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How Can TPAs Best Ensure That No ERISA Bond Mistakes Have Been Made?
As a pension professional, you probably manage hundreds or thousands of employee benefit plans. You have to make sure that all plans have the required ERISA fidelity bond, should they need it, and are bonded…
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Cyber Attackers Can Use Your Own Systems to Steal Your Data
It does not take a computer virus or public data mining for a cyber attacker to cause a data breach at your company. They can use your own systems against you to get what they…
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Cyber Attackers Can Steal from Your Older Files Too
You may think that cyber attackers are only going to go after your current information. However, just as small businesses are targets because they do not protect data as well as large companies, older information…
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Data Breach Costs Often Felt 2 or More Years After Hack
Cyber attacks can cause large amounts of sensitive and valuable data to be exposed via hackers. But cyber attack effects do not end as soon as the data is exposed soon after the attack. The…
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An ERISA Plan Administrator’s Fiduciary Responsibilities
A person is a fiduciary under ERISA if they exercise discretionary control or authority over plan management or disposition of plan assets, provide investment advice for plan assets for a fee, or have discretionary authority…
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Failed Pension Investments Can Lead to Fiduciary Liability
Pension plan fiduciaries such as plan sponsors have to worry about a lot of different scenarios that could result in a fiduciary duty breach and liability. One of the most dangerous scenarios that fiduciaries have…
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