"While investors may be expecting signs that the economy’s momentum is losing its mojo because of its duration, the data coming in is some of the strongest we have seen in this cycle.” To learn more click here
Source: Byron Wien
As technology advances, the field of cybersecurity continues to develop and improve. Despite this, cyberattacks are becoming far more frequent and costly. Laura Fischer, partner at Spencer Fane LLP, provides a description on preemptive actions that can be taken to combat cyberattacks. Fischer points out that “cyberattacks have managed to invade all walks of life, and employee benefit plans are no exception.” Employee benefit plans are at great risk due to the extensive personal information that they contain such as personal health information, social security numbers, dates of birth, compensation metrics, and level of benefits. However, cyber insurance plans add a much needed layer of protection that can help prevent breaches and make them less detrimental when they occur. Click here to read more about how you can help protect your employee benefit plans with cyber insurance.
'Traditionally, the governing committee for 401k and 403b plans have been called “investment committees” which can cause confusion and might even be harmful. We think they should be called “retirement committees” or even “benefits committees”. ' Click here to find out why.
Source: 401k TV
"A handful of large U.S. corporations announced they are raising the employer match for their 401(k) retirement plans or are making other changes in their benefit plans in the first month after a tax reform law was signed by President Trump. And nearly half of companies surveyed said they are considering taking such an action this year or next." Click here to read more.
Source: HR Daily Advisor
With President Trump in the White House and a Republican Senate and House of Representatives, there are many potential changes that could occur to impact employee benefits. Click here to read more.
Source: Groom Law Group