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