Topping The FBI List: Email Attacks
When it comes to internet crime, the FBI says that the biggest financial losses to businesses are now coming from email compromise attacks. Given the plethora of stolen credentials available on the dark web,…
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Funds Recovered: Enforcement!
The latest statistics about the Department of Labor’s investigatory and recovery efforts on behalf of retirement plan participants demonstrate that fiduciary failures come at a tremendous cost to plans, participants and beneficiaries. A major…
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Failure To Shop Around?
Settlements continue to pile up as a way to bring excessive fee lawsuits against retirement plan sponsors to closure. Though admitting no wrong, employers find that the disruption and costs associated with defense—and the uphill…
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Assume The Obligation: Cybersecurity
Attorneys specializing in ERISA law are carefully monitoring several cases currently winding their way through the courts: decisions are likely to establish precedents related to the fiduciary responsibilities associated with cybersecurity. Plan sponsors are…
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Hundreds of Hours of Work…
Hundreds of Hours of Work… That’s what it can take businesses to paddle out from under the damage and chaos caused by cyber breaches. Notifications, regulatory processes, credit and identity monitoring, forensics—all require careful attention….
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Heightened Scrutiny: Retirement Plans
Regulatory compliance for retirement plans requires vigilance with the policies and proceedings of both the Internal Revenue Service and the Department of Labor. Experts observe that both have ratcheted up their scrutiny of retirement…
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Tips for Plan Sponsors: Short On Time?
Of course we are. It’s hard enough to run a business. Adding on a retirement plan is a wonderful and important thing to do, but comes with a whole host of serious fiduciary responsibilities….
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Stressed But Sticking With The Plan
Although both retirement plan participants and sponsors have worries about retirement plans, neither expect to make substantial changes to contributions this year. According to Ubiquity’s State of the Industry survey, fear of not having…
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Good News: Fees Dropping
Yes, it’s true. Some costs are trending down—and that includes investment fees for retirement plans: they have been declining over the past six years. 2022 was no exception. Explore the trend, and pause to…
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