Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

DOL Cybersecurity Guidance: Plan Fiduciaries Will Ultimately Be Liable for Damages
October Three Consulting Link to more items from this source
[Guidance Overview]
Apr. 23, 2021

"If the last 20 years of ERISA litigation has shown anything, it is that where there is a problem with a plan service provider, e.g., the plan's recordkeeper's fees are too high, or its cybersecurity standards are too low, it is the plan fiduciary who will be sued. So, when reviewing DOL's description of 'best practices' for service providers, plan fiduciaries should consider how they are going to monitor service provider compliance with them, to 'ensure proper mitigation of cybersecurity risks.' "

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.