EBSA Gives Filing Relief for ERISA-Related Deadlines
The Employee Benefit Security Administration (EBSA) just launched deadline relief and recommendations related to the current impact of the COVID-19 pandemic, including expanding “good faith” application of electronic delivery. According to the EBSA’s “Disaster Relief…
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COVID-19 Layoffs come with Plan Sponsor PBGC Reporting Obligations
The recent pandemic has forced the hand of numerous establishments across the United States to release employees from their current positions. With over 26 million Americans now filing for unemployment in as little as five…
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Plan Sponsor Cybersecurity Responsibilities
If you are a plan sponsor, you set up retirement plans for your employees. Retirement benefit plan administrators harbor personal information of employees, like social security numbers and email addresses, in myriad electronic records. Plan…
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U.S. Facing Catastrophic Cyber-Attack, Says Federal Commission
U.S. Cyberspace Solarium Commission recently released a report announcing the U.S. is currently fronting a “catastrophic cyber-attack” that could result in permanent destruction exceeding that of severe floods, fires and hurricanes the country hasn’t seen…
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Cyber Attackers Won’t Stop At One Data Breach
If you’ve already been the victim of a data breach, you may be wondering if you should still obtain cyber liability insurance. Is there a chance cyber-terrorists could attack again? The answer is a strong…
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More State Governments Are Investing in Cyber Insurance
As the threat of cyber-breaches continues to climb, so do the number of establishments adopting cyber-security measures. In 2019, roughly half of state governments across the United States protected their business from impending cyber-attacks with…
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It’s Up to Plan Sponsors to Protect Plan Assets from Cyber Attack
Retirement plan participants and beneficiaries rely greatly upon plan sponsors to manage and protect plan assets for their benefit. But with cyber attacks and data breaches becoming more and more prevalent, a plan sponsor’s responsibility…
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Why Do Plan Sponsors Need Fiduciary Liability Insurance?
When you’re in charge of managing a company’s employee benefit plans, you are entrusted with safeguarding the future of your employees. Nonetheless, if you make mistakes with plan management, even the most innocent error may…
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