by Roland|Criss | Jan 20, 2025 | Retirement Plans
VIDEO Certified Public Accountants conducting annual audits of 401(k) and 403(b) retirement plans frequently identify several significant and common deficiencies. These issues can put plan participants and their assets at risk, potentially leading to penalties and...
by Roland|Criss | Jan 20, 2025 | Retirement Plans, Third Party Risk Management
VIDEO Every provider of services to employee benefit plans that has suffered a cybersecurity breach possessed an independent audit of its information systems policies and practices beforehand. Clearly, a need exists to uniformly predict the likelihood of a breach,...
by Roland|Criss | Jan 17, 2025 | Healthcare
VIDEO In September 2024, the Departments of Labor, Health, and Human Services and the Treasury issued the highly anticipated final rule under the Mental Health Parity and Addiction Equity Act of 2008 (“MHPAEA”). In an effort to increase oversight and...
by Roland|Criss | Jan 17, 2025 | Healthcare, Retirement Plans
VIDEO In 2024, the U.S. Department of Labor (“DOL”) took significant regulatory actions to enhance cybersecurity for employee benefit plans. This video highlights the key developments. Potential for Enforcement ActionWhile not explicitly stated, the...
by Roland|Criss | Jan 17, 2025 | Retirement Plans
VIDEO Understanding the distinctions between investment risk and procedural risk is necessary to ensure that the management of a retirement plan follows true fiduciary standards of care. De-Risking the Fiduciary Role Engaging a risk advisory firm specializing...