The Unpleasant Reality of Managing Vendors
Article As sponsors of defined contribution and defined benefit plans, employers are responsible for ensuring that their plans comply with Federal law – including the Employee Retirement Income Security Act (“ERISA”). Most employers rely on other professionals to...AI: Beyond the Hype
Article Trustee boards and employee benefit plan committees must discern between fake and legitimate artificial intelligence (“AI”) enabled services as the hype for AI intensifies. To an increasing degree, vendors of critical infrastructure components like...TPRM is a Vital Fiduciary Discipline
Article Senior finance and human resources leaders need to be fully informed about who their employee benefit plans rely on for services because many third-party vendors now delegate primary functions to other contractors. These 4th (and nth) party “subservice”...Clarifying the Fee Rule
Article The Employee Retirement Income Security Act (“ERISA”) contains a provision that a contract or arrangement for employee benefit plan services and the fees for those services are reasonable, the so-called “Fee Rule.” It is not well...Contact us…
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