CPAs to Give ERISA Plans More Scrutiny

The CPA community is expanding the scope of its ERISA plan audits in reaction to a new federal conflict of interest rule. While the rule was rescinded when the Trump administration was installed. it identified weaknesses in a vital compliance gap that the American...

Habits of Best-in-Class Fiduciaries

Human resources managers are hampered by the lack of a regulatory standard for fiduciary best practices. But that doesn’t mean that a reliable framework of compliance ready guidelines doesn’t exist. Professional fiduciary procedures have emerged that form...

Retirement Plan Investment Programs Harbor New Risks

Widespread conflicts of interest and overpricing by many investment firms that serve 401(k) and 403(b) plans have been uncovered by the U.S. Department of Labor (“DOL”). Many executives that manage those types of plans are understandably concerned. Maybe...

ERISA Regulatory Enforcement Priority

The demise of the confusing Investment Fiduciary Advice Rule has allowed the U.S. Department of Labor (“DOL”) to focus on other enforcement priorities. That’s good news for human resources executives and risk managers because those areas of focus are...

Fiduciary Operations Assessments Cut Risk

Manufacturing, banking, higher education, and healthcare are just a few of the industry sectors that must comply with employee benefit plan fiduciary rules. That makes a check up on your plan’s operations an imperative. What is a fiduciary operations assessment?...
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