Cybersecurity for Defined Benefit Plan

Cybersecurity for Your Defined Benefit Plan

Fulcrum Partners Executive Benefits News

Last month, the U.S. Department of Labor (DOL) issued a press release aimed at defined benefit plan sponsors, plan fiduciaries, record keepers, and plan participants. For the first time, the DOL’s Employee Benefits Security Administration issued cybersecurity guidance.

Clarification of Benefit Plan Proxy Voting Obligations

Clarification of Benefit Plan Proxy Voting Obligations

Fulcrum Partners Executive Benefits News

The U.S. Department of Labor (DOL) has proposed a rule on employee benefit plan proxy voting and the exercise of other specific shareholder rights. The new DOL proposed rule is intended to clarify the duties of Employee Retirement Income Security Act of 1974 (ERISA)-covered plan fiduciaries regarding proxy voting. Per the DOL’s proposed rule: “This document also states that Interpretive …