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…
Read Moreabout Efficient Technology Can Level the Pension Professional Playing Field
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?
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
ERISA Ambiguities Lead to Confusion Over Fiduciary Duties
More and more cases related to ERISA duties are winding their way through the courts and could have a large impact on plan sponsors and how they will be able to manage their employee benefit…
Read Moreabout ERISA Ambiguities Lead to Confusion Over Fiduciary Duties
Pension Professionals: Simplify the ERISA Bonding Process
Managing employee benefit plans seems to keep getting more and more complicated every year. Fiduciary duties remain opaque and retirement plans and benefits have morphed over time. One of the more confusing processes for the…
Read Moreabout Pension Professionals: Simplify the ERISA Bonding Process
Not Knowing Plan Documents Leads to Fiduciary Liability
One of the leading causes of fiduciary liability and fiduciary breach is retirement plan fiduciaries not being well versed in plan documents, terms, and conditions. Not following the written terms of a plan document may…
Read Moreabout Not Knowing Plan Documents Leads to Fiduciary Liability