Plan Operations & Admin

DOL Backs Employers in Forfeiture Litigation
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
The U.S. Department of Labor (DOL) is urging a federal appeals court to uphold the dismissal of a lawsuit claiming that an employer misused retirement plan forfeitures. On January 30, 2026, the DOL filed an amicus brief with the U.S. Court of Appeals for the Third Circuit in Barragan v. Honeywell Int’l Inc., asking the  Read More →
Cybersecurity: A Top Plan Sponsor Concern
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Operations & AdminComments are off for this post
According to Escalent’s 2025 Retirement Planscape study, more than half of employers rank cybersecurity as their No. 1 “plan fear,” ahead of poor investment performance (45%) and insufficient participant savings (43%). That concern is not without evidence. High-profile breaches, such as the recent attack on a leading recordkeeper affecting more than 1,000 employees and traced  Read More →
OMB Poised to Review Proposed Rule on Paper Statements and E-disclosures
Team SummitEmployer Resource Center, Plan Operations & AdminComments are off for this post
The regulatory follow-through on SECURE 2.0’s paper-statement mandate is now entering its next stage. The 2022 law includes provisions affecting how benefit statements must be delivered. In general, defined contribution (DC) plans will be required to furnish participants with at least one paper benefit statement each year, unless they affirmatively elect electronic delivery, for plan  Read More →

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