Retirement plans face increased risks for cyber-attacks resulting in theft of plan assets. Few entities can keep up with the pace set by cyber-criminals for theft from accounts, and security requirements for industries protecting funds change often and rapidly. WhenContinue Reading Can employers face liability when a cyber-attacker steals funds from an employee’s individual 401(k) account?
In late December of 2022, the Consolidated Appropriations Act of 2023 (the “Act”), which was part of the larger Securing a Strong Retirement Act, became law. Approximately ninety provisions in the Act affect qualified retirement plans. The Act has been…Continue Reading The SECURE Act 2.0 Makes Major Changes to Retirement Plan Law