Compliance

GWU Lawsuit Dismissed for Lack of Standing

In a case alleging George Washington University violated ERISA fiduciary duties with regard to retirement plan fees, a federal judge found the plaintiff had waived her right to sue in a previous agreement.

Human Error Leaves Retirement Plan Data Exposed

Experts in financial services cybersecurity are confident in most organizations’ technical strategies—in their use of sophisticated firewalls, encryption and network security tools—but there is much more concern about the human element of data protection.

SECURE Act Ensnared in Senate After Flying Through House

Washington insiders say Senator Ted Cruz is probably the biggest roadblock to the SECURE Act being passed in the near-term under unanimous consent; among other issues, he wants the bill to allow people to use tax-advantaged 529 college savings accounts to pay for home school expenses.

Retirement Plan Clients Can Learn From Financial Audits

Auditors "can provide feedback on the effectiveness of, and suggestions for improving, processes and controls in place related to fiduciary responsibilities and efficient and effective plan operations,” said James Haubrock, with the American Institute of Certified Public Accountants.