Target Date Funds and Fiduciary Obligations
Cybersecurity – Berman v. Estée Lauder, Inc.: Who is Responsible When Cyber Theft Occurs?
Target date funds (TDFs) — which rebalance investments to become more conservative as a fixed date approaches — are a convenient way for plan participants to diversify their portfolios and reduce volatility and risk as they approach retirement, making them an increasingly popular choice. However not all TDFs are created equal, and selecting and monitoring Read More →
Corporate Mergers & Acquisitions: What About the 401(k)?
Cybersecurity concern has grown in recent years as breaches of trusted databases mount. In 2019, in a breach of Capital One’s database, hackers accessed over 100 million credit card applications. This followed a $700 million settlement against Equifax concerning the 2017 breach of its database in which hackers accessed 147 million accounts. Although this was Read More →
In a corporate merger or acquisition, the ongoing treatment of both the seller’s and buyer’s retirement plans come into question, so it’s crucial to understand how different types of business transactions can impact both plans. If left unaddressed prior to close, many benefit issues could result in either ruining the deal or creating untold compliance Read More →