Fiduciaries should be aware of recent developments involving AI, including emerging and recent state law changes, increased state and federal government interest in regulating AI, and the role of AI in ERISA litigation. While...more
1/16/2025
/ Anti-Discrimination Policies ,
Artificial Intelligence ,
Compliance ,
Data Privacy ,
Data Security ,
Department of Health and Human Services (HHS) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employee Training ,
Equal Employment Opportunity Commission (EEOC) ,
Fiduciary Duty ,
Health and Welfare Plans ,
Healthcare ,
OCR ,
Regulatory Requirements ,
Risk Management
In last month’s 401(k) Compliance Check, we discussed best practices for drafting a 401(k) plan summary plan description (SPD). This month we provide some best practices for plan administrators’ handling of 401(k) plan...more
In last month’s Compliance Check, we discussed how to handle a situation where the 401(k) plan administrator is unable to reach a plan participant, i.e., a “missing participant.” In this month’s Compliance Check, we focus on...more
6/15/2022
/ 401k ,
Audits ,
Compensation ,
Compliance ,
Deferral Standard ,
EPCRS ,
Highly Compensated Employees ,
Internal Revenue Code (IRC) ,
IRS ,
Retirement Plan ,
Safe Harbors ,
Voluntary Correction Program ,
W-2