Fiduciary Governance

Target Date Funds and Fiduciary Obligations
Team SummitEmployer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
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 →
Cybersecurity – Berman v. Estée Lauder, Inc.: Who is Responsible When Cyber Theft Occurs?
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
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 →
Financial Wellness and Productivity: How Are Your Employees Affected?
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
Employees worried about their personal finances are less productive, more distracted and are easier targets for poachers. While none of that is a revelation, a recent nationwide survey showed just how pervasive financial insecurity is in the workforce and how large the losses and potential risks are for employers at every level. When asked what  Read More →

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