Fiduciary Archives - Page 7 of 9

ERiSA Plan Sponsors Need to Verify That All Service Providers and Vendors Meet DOL Cybersecurity Guidelines

June 26, 2026July 25, 2022 by Thomas Canova

The Department of Labor’s (DOL) release of cybersecurity best practices for plans covered by the Employee Retirement Income Security Act (ERISA) makes it clear that plan sponsors, service providers, and participants share responsibility for protecting plan accounts. The guidance, which includes tips for hiring service providers, cybersecurity program best practices, and online security tips, provides … Read more

Cybersecurity and Resiliency Observations – SEC Office of Compliance Inspections and Examinations

June 28, 2022 by Thomas Canova

Today, Cybersecurity risks originate from many sources, both domestic and from international regions. Most importantly, these cybersecurity risks occur across the array of securities and financial markets. The seriousness of the threats and the heightened concerns to investors, issuers, and other securities market participants, and the financial markets and economy more generally, are considerable and … Read more

Understanding ERISA Retirement Plan Sponsors & Administrators Responsibilities

June 24, 2022 by Thomas Canova

What Is the Difference Between a 401(k) Plan Sponsor and a Plan Administrator? Typically, the employer is considered the 401(k) “plan sponsor,” whereas the day-to-day running of the plan may be handled by a third-party “plan administrator.” Understanding the different responsibilities between the plan sponsor and plan administrator is essential to maintain compliance with all … Read more

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