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…
Read Moreabout How Can TPAs Best Ensure That No ERISA Bond Mistakes Have Been Made?
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…
Read Moreabout Cyber Attackers Can Use Your Own Systems to Steal Your Data
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…
Read Moreabout Cyber Attackers Can Steal from Your Older Files Too
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…
Read Moreabout Data Breach Costs Often Felt 2 or More Years After Hack
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…
Read Moreabout An ERISA Plan Administrator’s Fiduciary Responsibilities
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…
Read Moreabout Failed Pension Investments Can Lead to Fiduciary Liability
Non-diversified Investments Lead to Fiduciary Liability
As a plan sponsor, you may think one investment you have will work wonders for the plan funds you are in charge of. But what if it does not? What if it fails? Then you…
Read Moreabout Non-diversified Investments Lead to Fiduciary Liability
Slightly higher 401(k) Fees Make Plan Sponsors Liable
Paying 1% higher fees than the average rate for someone to administer a 401(k) plan does not sound like it would cause too many problems. But paying fees even 1% higher than average in 401(k)…
Read Moreabout Slightly higher 401(k) Fees Make Plan Sponsors Liable
Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties
There are few virtues more valued in American business than innovation and new ways of thinking. Pension professionals have their own opportunity to unleash new ways of thinking when creating arrangements and plan features. But…
Read Moreabout Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties