Beyond Employee Benefits: How Retirement and Healthcare Plans Shape Risk Culture
Retirement and healthcare plans do far more than attract talent—they fundamentally shape an organization’s risk culture.
RECENT INSIGHTS FOR RETIREMENT PLANS
The Five-Part Test: What Executives Need to Know About Fiduciary Status
Corporate retirement plan administrators must understand precisely what actions or circumstances trigger classification as an investment advice fiduciary.
The Deceptive Nature of 3(16) Fiduciary Claims: A Critical Examination
Retirement plan vendors deceptively market their standard services under the guise of a specialized “3(16) fiduciary” misleading plan sponsors who seek genuine protection.
The Evolving Landscape for ERISA Plan Fiduciaries
The rapidly evolving risk landscape in cybersecurity and investments demands that fiduciaries continuously update their knowledge, oversight processes, and due diligence protocols.
Personal Liability for Fiduciaries: Understanding Risk
Personal liability for retirement plan committees is surging as forfeiture-related lawsuits now constitute nearly half of all ERISA class actions.
Fortifying Fiduciary Excellence
By appointing an authentic 3(16) fiduciary, employers can ensure the right things are done right, thereby reducing their potential liability, and experiencing peace of mind.
Empowering Fiduciaries
A professionaly constructed management framework empowers fiduciaries with clarity, control, and confidence.
RECENT INSIGHTS FOR HEALTHCARE PLANS
Healthcare & Welfare Plans Reach a Tipping Point
Preparations for complying with healthcare plan fiduciary responsibilities must include a governance framework that aligns ERISA’s standards of care.
Select and Manage a Health & Welfare Plan Broker Wisely
Federal law imposes a duty on employers to select healthcare plan providers prudently and be sure they receive only reasonable compensation.
RECENT INSIGHTS FOR CYBERSECURITY & THIRD-PARTY RISK MANAGEMENT
Cybersecurity’s Vendor Oversight Upgrade: A Preview of What ERISA Fiduciaries Should Expect
Cybersecurity audits by the Department of Labor target healthcare and welfare plans and are growing in number.
Cybersecurity: The Fiduciary Duty You Can’t Outsource
ERISA plan sponsors cannot fully outsource cybersecurity duties because they retain ultimate responsibility.
Cybersecurity Audits of Employee Benefit Plan Vendors Fall Short
Video: Point-in-time audits and certifications of employee benefit plan vendors have limited effectiveness. Due to the dynamic pace at which data security attacks occur, they do little to help track a vendor’s day-to-day data security effectiveness. This video reveals the solution.
TPRM is a Compliance Hotspot
Like professional supply chain managers who’ve have relied on TPRM for decades to ensure optimal vendor performance and cost-effectiveness for all kinds of products and services, fiduciary committees and HR executives are applying TPRM to their employee benefit plan programs.
DOL Cybersecurity Audits Embrace Health Plans
Cybersecurity audits by the Department of Labor target healthcare and welfare plans and are growing in number.
Navigating the Cybersecurity Landscape
This article will explore the distinctions between three essential risk management approaches in cybersecurity: Vendor Risk Management, Third-Party Risk Management, and Enterprise Risk Management..
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