Employers that sponsor 401(k) or 403(b) plans should be aware of eligibility and participation rules for their long-term, part-time (LTPT) employees. Historically, such plans could exclude employees who worked fewer than...more
2/1/2024
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Eligibility ,
Employee Benefits ,
Employer Contributions ,
Exempt-Employees ,
Former Employee ,
Part-Time Employees ,
Proposed Regulation ,
Retirement Plan ,
SECURE Act ,
Vesting
Executives at public and private companies will soon run the risk of having their compensation subject to forfeiture for financial misstatements and corporate criminal misconduct under their watch thanks to new “clawback”...more
8/24/2023
/ Clawbacks ,
Corporate Executives ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Executive Compensation ,
Final Rules ,
Incentive Compensation ,
Listing Standards ,
Nasdaq ,
NYSE ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC)
In a unanimous decision that should serve as a wakeup call to those administrating employee retirement plans, the Supreme Court just reaffirmed and highlighted the ongoing duty of ERISA plan fiduciaries to monitor investment...more
1/26/2022
/ 401k ,
403(b) Plans ,
Breach of Duty ,
Defined Contribution Plans ,
Dismissals ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fiduciary Duty ,
Hughes v. Northwestern University ,
Plan Participants ,
Remand ,
Retirement Plan ,
Retirement Plan Providers ,
Tibble v Edison Int ,
Vacated
The Government Accountability Office recently urged the U.S. Department of Labor to release guidance on cybersecurity matters in an effort to mitigate risks to 401(k) and other retirement plans. The GAO noted that there were...more
6/2/2021
/ 401k ,
Benefit Plan Sponsors ,
Best Practices ,
Cybersecurity ,
Data Security ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Duty to Mitigate ,
Employee Benefits ,
Fiduciary Duty ,
Retirement Plan ,
Retirement Plan Providers ,
Risk Management ,
Risk Mitigation