Many plan sponsors that have hired investment advisors, then feel the need to hire another independent advisor to report to its fiduciary committee on the compliance and processes of the investment advisor. With so much litigation and significant funds invested in plans, one can understand why such a service is desirable . . . but is it necessary? The answer is not simple, and this article reviews best practices in the fiduciary space.
The DOL Comes Out Swinging Against Potential Cybersecurity Breaches . . . and So Should the Plan Sponsor
Department of Labor (DOL) guidance, long awaited and perhaps years late, provides another enforcement tool for the DOL while practitionersseem to be noticing the lack of...