The landscape of retirement plan eligibility is shifting, and plan sponsors need to prepare for key compliance changes affecting long-term part-time (“LTPT”) employees. These new rules, mandated by the SECURE Act of 2019 and...more
4/14/2025
/ 401k ,
Benefit Plan Sponsors ,
Compliance ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
IRS ,
New Legislation ,
Part-Time Employees ,
Regulatory Requirements ,
Retirement Plan ,
SECURE Act
On April 14, 2021, the U.S. Department of Labor’s (“DOL”) Employee Benefits Security Administration (“EBSA”) issued its first cybersecurity best practices guidance for retirement plans. The EBSA guidance was highly...more
10/3/2024
/ Best Practices ,
Cybersecurity ,
Data Breach ,
Data Security ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
GAO ,
Popular ,
Recordkeeping Requirements ,
Retirement Plan ,
Third-Party Service Provider
A Summary Plan Description, often referred to as an “SPD”, is a document intended to clearly describe and explain the important provisions of an employee benefit plan. The SPD must be written in such a way that the average...more