Our Blog - Surety Matters

  As retirement plan sponsors juggle compliance with ERISA—and the evolving landscape of cybersecurity threats—legal experts advise increased diligence. Stay Current The first known use of the word cybersecurity was in 1989—nearly fifteen years after…
Read Moreabout ERISA Pre-dates Modern Computing But Cybersecurity Counts!

Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
Read Moreabout 401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan

Across the country, retirement plan sponsors are in “wait and see mode” as the U.S. Department of Labor (DOL) works to rapidly rolling out proposed new regulations. Many of the efforts are intended to respond…
Read Moreabout Changes Impacting ERISA Are Coming

Plan sponsors have a lot of responsibility as fiduciaries when managing an employee benefit plan. They have to make sure that the plan assets are invested properly, employees are given adequate information about benefits, employees…
Read Moreabout Hiring Outside Advisors Does Not Remove Plan Sponsor Fiduciary Liability

Stressed? Although many businesses are succeeding with work from home strategies to survive the COVID-19 crisis, their risk managers are experiencing more stress than before. Based on a study in July 2020, The Global Association…
Read Moreabout Stressed? How COVID-19 is Causing More Stress than Ever for Risk Managers

Former and current plan participants in 401(k) plans sponsored by Mercy Health Corporation are now suing the operators of hospitals/clinics and their fiduciaries for ERISA breaches under the Employee Retirement Income Security Act of 1974. The lawsuit…
Read Moreabout Mercy Health 401(k) Plan Participants Sue for ERISA Violations

A former worker of Omnicom Group, Inc. is suing the company and plan fiduciaries, accusing them of ERISA violations while managing the firm’s employee benefit plan. The complaint, filed on July 31 in a U.S. District…
Read Moreabout Omnicom Slammed with Fiduciary Breach

Suppose you’re a plan fiduciary that handles a 401(k) for your company. It can be tough to keep up with the prerequisites for the Employee Retirement Income Security Act of 1974, or ERISA. How do…
Read Moreabout What is ERISA’s Bonding Requirement for Our Employee Benefit Plan?

In the past few months, Wisconsin, among other states, has seen a rise in class litigations involving breach of fiduciary duty claims under the Employee Retirement Income Security Act of 1974, or ERISA. These types…
Read Moreabout Wisconsin Sees Spike in ERISA Class Action Claims