Retirement plan sponsors and other plan fiduciaries face harsh consequences if they fail to satisfy the stringent standards set forth under ERISA. The best way for fiduciaries to protect and defend against the severe liabilities to which plan fiduciaries can become subject for ERISA violations, is developing a clear awareness and understanding of the relevant fiduciary rules and ensuring the plan’s operation is consistent with these requirements.
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...