participant

Cyber-attacks on Section 401(k) plans and their participant accounts are not only increasing in number but, with the use of AI, they are increasing in sophistication. Plan fiduciaries, including employers which sponsor 401(k) plans, need to take steps to protect plan assts from these risks by implementing appropriate cybersecurity measures. All employees (not just HR […]

The Secure Act 2.0 deals with many benefit-related matters including changes to the prior law which generally required retirement plan fiduciaries to take reasonable action to recover any overpayment of plan benefits – even if the overpayment resulted from mistakes made by administrators of the plan. Such action would require efforts to recover benefit overpayments […]