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\nWhen the U.S. Department of Labor issues a new rule or guidance on fiduciary responsibility, it usually takes a long period before it gets its audits of plan sponsors underway. That turned out not to be the case with the DOL’s cybersecurity guidance. Field audits conducted by the DOL’s enforcement arm, the Employee Benefits Security Administration (“EBSA”), began almost immediately in June 2021 after the publication of the guidance. Such an intense audit rollout should motivate plan fiduciaries to get prepared.<\/b>
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\nRonald E. Hagan<\/b> is chairman of Roland|Criss’ Risk Standards Committee.\u00a0 Ron has over 25 years of experience helping clients examine and improve their risk management practices for employee benefit plans qualified under the Employee Retirement Income Security Act of 1974.\u00a0 He is the engaging host of Roland|Criss\u2019 weekly podcast and quarterly webinar series.<\/b>
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This podcast is the first in a three part series. Each part will present the steps human resources executives and fiduciary committees can use to implement the cybersecurity guidance issued by the Employee Benefits Security Administration. This episode embraces “Selecting a Service Provider with Strong Cybersecurity Practices.”<\/b><\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"sync_status":"","episode_type":"audio","audio_file":"https:\/\/episodes.castos.com\/theexcellentfiduciary\/Podcast-DOL-EBSA-Guidance-Part-1.mp3","castos_file_data":"","podmotor_file_id":"686663","cover_image":"https:\/\/rolandcriss.com\/wp-content\/uploads\/2021\/02\/Excellent-Fiduciary-Icon.jpg","cover_image_id":"31888","duration":"00:15:21","filesize":"35.1 mb","filesize_raw":"36841280","date_recorded":"","explicit":"","block":""},"tags":[],"series":[73],"acf":[],"aioseo_notices":[],"episode_featured_image":false,"episode_player_image":"https:\/\/rolandcriss.com\/wp-content\/uploads\/2021\/02\/Excellent-Fiduciary-Icon.jpg","download_link":"https:\/\/rolandcriss.com\/podcast-download\/33101\/dol-guidance-part1.mp3","player_link":"https:\/\/rolandcriss.com\/podcast-player\/33101\/dol-guidance-part1.mp3","audio_player":null,"episode_data":{"playerMode":"light","subscribeUrls":{"google_play":{"key":"google_play","url":"","label":"Google Play","class":"google_play","icon":"google-play.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"youtube":{"key":"youtube","url":"","label":"YouTube","class":"youtube","icon":"youtube.png"},"itunes":{"key":"itunes","url":"","label":"iTunes","class":"itunes","icon":"itunes.png"}},"rssFeedUrl":"https:\/\/rolandcriss.com\/feed\/podcast\/the-excellent-fiduciary-podcast","embedCode":"Implementing the DOL’s Cybersecurity Guidance – Part 1<\/a><\/blockquote>