by Market Cheetah | Mar 7, 2021 | Benefits, Defined Benefit Plans, HR Expertise, Human Resources, Retirement Benefits
The American Rescue Plan Act provides extensive financial assistance to underfunded multiemployer pension plans and temporarily reduces funding requirements for…
by Market Cheetah | Feb 13, 2021 | Data Security, Defined Benefit Plans, Employee Data Privacy, Human Resources, Security
A major breach of pension plan participants’ data in the U.K. is a reminder for plan sponsors and administrators to assess the data privacy and security capabilities of potential service providers.
by Market Cheetah | Dec 15, 2020 | Defined Benefit Plans, Fiduciary Duty, Human Resources
Retirement plan fiduciaries will be barred from casting corporate-shareholder proxy votes in favor of social or political positions that don’t advance the financial interests of retirement plan participants, under a Department of Labor final rule.
by Market Cheetah | Nov 15, 2020 | Defined Benefit Plans, Defined Contribution Plans, Fiduciary Duty, Human Resources
Joe Biden’s administration is expected to differ from President Donald Trump’s approach to promoting retirement security, with a heavier regulatory hand, benefits advisors said. Biden also supports replacing 401(k) contribution tax breaks with flat-tax credits, among other changes.
by Market Cheetah | Nov 4, 2020 | Defined Benefit Plans, Defined Contribution Plans, Fiduciary Duty, Human Resources
The Department of Labor (DOL) released a final rule requiring fiduciaries to select investments for 401(k) and other plans based on participants’ financial interests, rather than nonfinancial factors such as a fund’s environmental, social and governance (ESG) criteria.