by Roland|Criss | Mar 20, 2024 | Healthcare, Retirement Plans
Article Employee benefit plans like retirement, pension, and health and welfare (collectively “EBPs”) are crucial in attracting and retaining top talent in organizations. They also pose significant legal and financial risks to the employers who sponsor...
by Roland|Criss | Mar 8, 2024 | Healthcare
Article In our briefing, Gathering Clouds Form for Healthcare Plan Sponsors, we raised a caution flag about the emergence of healthcare and welfare (“H&W”) plans as a focus of examinations by the U.S. Department of Labor (“DOL”) and a new...
by Roland|Criss | Mar 5, 2024 | Healthcare
Article Since releasing cybersecurity recommendations in April 2021, officials from the U.S. Department of Labor (“DOL”) have made it known that they intend to concentrate their ERISA investigations on cybersecurity vulnerabilities. The DOL’s...
by Roland|Criss | Mar 5, 2024 | Healthcare
Article After all, not every CFO or human resource leader is an expert in all employee benefits programs. Although executives in these positions are responsible for making important decisions about the organization’s benefits, their primary duties are elsewhere....
by Roland|Criss | Feb 27, 2024 | Retirement Plans
Article In today’s ever-evolving digital landscape, cybersecurity has become a critical concern for employee benefit plan (“EBP”) committees. By effectively managing risks, they can prevent potential security breaches, protect plan participant data...
by Roland|Criss | Feb 27, 2024 | Retirement Plans
Article As the digital landscape continues to evolve, organizations are facing an increasing number of cybersecurity threats. Employee benefit plans (“EBP”), in particular, have become a prime target for cybercriminals due to the sensitive personal and...
by Roland|Criss | Feb 27, 2024 | Retirement Plans
Article Awareness of the major sources of cyber threats is essential in developing an effective cybersecurity strategy for protecting retirement, pension, health, and welfare plan (collectively employee benefit plans or “EBP”) data and assets. This briefing explores...
by Roland|Criss | Feb 27, 2024 | Retirement Plans
Article Typically, when the U.S. Department of Labor (“DOL”) issues a new rule or guidance on fiduciary responsibility, it takes a long period before it gets its audits of plan sponsors underway. That was not the case with the DOL’s cybersecurity...
by Roland|Criss | Feb 27, 2024 | Retirement Plans
Article Artificial intelligence (“AI”) has become a transformative force in the employee benefit plan (“EBP”) community, offering significant advantages to recordkeepers and investment firms in transaction processing, data analysis, and...
by Roland|Criss | Feb 27, 2024 | Retirement Plans
Article In its guidance for selecting service providers with strong cybersecurity practices, the U.S. Department of Labor’s Employee Benefits Security Administration (“EBSA”) requires plan sponsors to: “Look for service providers that follow a...