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Technology
Most people remain hesitant to invest in cryptocurrency in their DC plans, but a recent survey finds that there’s a small “crypto-curious” contingent.
With the increased attention of cryptocurrency, Stan Treger, behavioral scientist at Morningstar, notes that analysts at the firm began to wonder...
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The IRS has proposed electronic filing requirements for some information returns and other documents, including returns and documents relevant to retirement plans.
The IRS is proposing regulations that would amend the rules for filing electronically. This would affect persons required to file...
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The IRS on July 22 updated the Voluntary Compliance Program for plan sponsors that are ineligible to sponsor a SIMPLE IRA plan. More specifically, they have updated the VCP Submission Kit.
Plan sponsors may use the VCP Submission Kit if they are ineligible to sponsor a SIMPLE IRA plan because...
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A coalition of representatives of the IRS, the software industry, tax preparers, payroll and tax financial product processors and state tax administrators are urging the use of multi-factor authentication.
Those representatives—numbering 62 state and private-sector offices as well as the IRS and...
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With a set of new guidance on cybersecurity issued by the Labor Department, a recent webcast outlined some key takeaways—and action steps.
In April, the Labor Department issued three separate sets of guidance—for plan sponsors (on picking vendors) for vendors (on cybersecurity program best...
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A new report reveals that more employees and plan sponsors are seeing increased value in retirement and other benefits.
Results from Sequoia Consulting Group’s 2021 Employee Experience Benchmarking Report (registration required) show that the pandemic had little effect on retirement plan...
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The IRS on June 24 announced that it is extending for a year temporary relief from the physical presence requirement for participant elections that must be witnessed by a plan representative or a notary public. The relief comes in Notice 2021-40 and is in response to the continuing COVID-19...
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In a recent webinar, an industry expert offered some insights on cybersecurity in light of the Department of Labor’s (DOL) recent guidance on cybersecurity.
Speaker Mark Strosahl, Business Information Security Officer at Principal Financial, set the table by noting that Infosecurity Magazine has...
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Editor’s Note: This is the fifth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here; the fourth is here.
The Department of Labor’s Employee...
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Editor’s Note: This is Part II of a two-part series. Part I is here.
As I write Part II of my article, it’s Aug. 29, 2020. COVID-19 is not gone, and, in fact, as more states opened up, it began spreading faster. Finally, most, if not all, of us are wearing masks to help reduce the spread. Many...
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Editor’s Note: This is the fifth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here; the fourth is here.
The Department of Labor’s Employee...
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Editor’s Note: This is the fourth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here.
The Department of Labor’s Employee Benefits Security...
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When the Labor Department issued last month what it called “new guidance” that it further described as “the first time the department’s Employee Benefits Security Administration has issued cybersecurity guidance”—well, I, for one, was expecting… guidance.
However, rather than an advisory opinion...
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Editor’s Note: This is the third in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here.
The Department of Labor’s Employee Benefits Security Administration (EBSA...
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Technology serves, and it also drives change. A recent NTSA webinar focused on the ways technology is changing the industry and the new environment it is creating for financial professionals.
“We’re told that this is a contact sport,” said presenter Toni E. Whaley, a financial planner with...
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Forewarned is forearmed—so says the maxim. And in that spirit, the IRS has issued a reminder that hurricane season is not here yet, but it suggests that now is the time to prepare, and offers some suggestions regarding how to do that.
“Individuals, organizations and businesses should take time...
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The pandemic has heralded and accelerated many changes—and that includes engaging with clients and imparting knowledge and information. An April 19 session of the Plan Sponsor Council of America’s 2021 National Conference addressed how to create engagement in an increasingly virtual world.
The...
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Editor’s Note: This is the second in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first installment is here.
The Department of Labor’s Employee Benefits Security Administration (EBSA) on...
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Editor’s Note: This is the first in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity.
The Department of Labor’s Employee Benefits Security Administration (EBSA) on April 14 issued comprehensive...
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Who exactly is responsible if a participant’s balance is stolen? While that may not be exactly clear, a recent blog entry suggests that it may be prudent to take steps to protect participants’ retirement accounts from cyber crime nonetheless.
In “Employer 401k Cybersecurity Responsibilities,”...
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