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A False Sense of Complacency - Fiduciary Liability Insurance: Don't Forget the Nonrecourse Rider

By Rachel K. Mulloy

Many employers that sponsor an employee benefit plan opt to obtain fiduciary liability insurance in addition to a fidelity bond, though ERISA only requires the latter.  312 more words

Employment Law

Improving Retirement Savings Options for Employees

James Kwak, “Improving Retirement Savings Options for Employees,” University of Pennsylvania Journal of Business Law 15, no. 2 (Winter 2013): 483-540


Americans do not save enough for retirement. 185 more words


Penalties Going Up for ERISA Violations

The Department of Labor (DOL) recently announced increases in many civil penalties associated with ERISA plan violations. For example, the maximum penalty for failing to file an annual Form 5500 report will rise from $1,100 per day to $2,063 per day. 77 more words

Welfare Benefits

HIPAA- Privacy & Security

Health Insurance Portability & Accountability Act (HIPAA) drives the standards for privacy of individual health information “Privacy Rule” along with the addition of the Health Information Technology for Economic & Clinical Health (HITECH) “Security Rule”. 2,418 more words

“Non-Qualified” Success 401(k) Advisors Overlook

Retirement plan advisors can often miss opportunities to meet client needs, add revenue, and tighten relationships that are literally staring them in the face. While intent on designing and managing retirement plans for the benefit of plan sponsor clients and their workforce, 401(k) specialists may neglect the opportunity to help business owners and key executives in meeting their own personal retirement plan objectives and creating a strategy for recruiting and retaining key talent. 812 more words

Employee Documentation: What, When, & How

Let’s face it, we all agree maintaining proper employee files and documentation is important, but no one likes to do it, resulting in a haphazard job, if it is done at all. 951 more words

Contacting the Treating Physician

In most ERISA LTD claims, the insurance company will hire a physician, usually an employee of the insurance company, to review the medical records and give an opinion on the claimant’s functional limitations.   124 more words