Viewpoints about Fiduciary
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Cybersecurity guidance from the DOL for retirement plan fiduciaries
The DOL has issued three documents outlining cybersecurity tips and best practices. Retirement plan fiduciaries need to take the threat seriously by adopting the DOL’s best practices and tips for plan fiduciaries, service providers, and plan participants.
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When are participant change notices required under ERISA 404a-5?
Being a plan sponsor comes with administrative and fiduciary duties. Knowing whether a retirement plan event triggers the need to send a change notice or not is one of those confusing areas that can require guidance. This guide can help you understand your requirements beyond the annual and quarterly notices.
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Five things you should know about the IRS’s latest 401(k) plan restatement cycle for preapproved plans
Learn about the 401(k) plan restatement process and the document options that are available to plan sponsors.
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The three layers of retirement plan cybersecurity: a primer for fiduciaries
Learn about the three layers of retirement plan cybersecurity due diligence.
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ERISA and the 401(k) plan: a short history
Knowing the history of ERISA and the 401(k) plan can help you understand your ERISA duties—and execute them effectively.
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Considerations when evaluating 401(k) net investment fees as an ERISA fiduciary
Make sure your regular fund reviews include exploring alternative share classes.
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How a 401(k) fee policy statement can help protect you
A fee policy statement shows that you understand your 401(k) plan’s costs, which can protect you as a fiduciary.
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COVID-19 considerations for 401(k) plan fiduciaries
With COVID-19 creating business disruptions and market volatility, many plan fiduciaries have been dealing with difficult decisions about their 401(k) plans. As you make the necessary adjustments to your plan, these five steps can help you follow a prudent process.
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IRS relaxes rules for obtaining spousal consent for 2020
IRS Notice 2020-42 creates a remote notarization process for retirement plan transactions that require spousal consent. This helps solve problems related to social distancing and COVID-19.
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EBSA provides disaster relief for retirement plans
On April 29, the EBSA, a branch of the DOL, issued EBSA Disaster Relief Notice 2020-01, offering relief for plan sponsors and easing certain provisions for companies affected by COVID-19.
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