An advisory firm’s client information was exposed via a hack… of its printing vendor. According to a filing with the Maine Attorney General’s office, on March 16, 2022, Cetera Financial Group received notice from its third-party printing service provider (R.R. Donnelley & Sons Company) of a “... READ MORE

A hack of a New Jersey-based employee benefit and payroll management company serves as a powerful reminder of the need to secure those online participant accounts. A Maryland man was indicted on money laundering charges related to money obtained through unlawful computer intrusions that targeted a... READ MORE

Last week American Retirement Association CEO Brian Graff sat down with Tim Hauser, Deputy Assistant Secretary for Program Operations of the Employee Benefits Security Administration (EBSA), for some insights and perspective on the DOL’s Compliance Assistance Release on cryptocurrency and the... READ MORE

Legislation introduced in the Senate June 8 would encourage steps to increase participants’ understanding of plan fees and expenses could wind up in the RISE & SHINE Act. The “Savvy Savers Act” would require the Department of Labor to conduct a study and report to Congress on the effectiveness... READ MORE

U.S. Treasury Secretary Janet Yellen has weighed in on the notion of including cryptocurrency in retirement plans. Bloomberg Law reports that, in response to a question about Fidelity’s April 26 announcement that it would provide a crypto option on its retirement plan platform, Yellen responded: “... READ MORE

Independent operational fiduciary Group Plan Systems, LLC has signed an agreement with JULY Business Services to serve as recordkeeper and third-party administrator to a Pooled Employer Plan (PEP) for which GPS will serve as the Pooled Plan Provider (PPP). “After nearly 18 months of due diligence... READ MORE

We’re putting together the 65th Annual Survey of Profit Sharing and 401(k) Plans—and you—and your plan sponsor clients—can get a free copy. That’s right—what has become the 401(k) industry benchmarking report—and which typically retails for just under $600—can be yours for free.  How’s That?... READ MORE

After a fifth consecutive year of record retirement advisory firm M&A activity, could the industry be taking a breather? In fairness, things have been running at a fast pace, with 2021’s pace (76 reported transactions) more than doubling the total from any previous year, according to... READ MORE

HUB International Limited (Hub) announced June 6 that it has acquired the assets of CSi Advisory Services, LLC, further expanding the reach of its retirement and wealth advisory services.  Headquartered in Indianapolis, IN, CSi Advisory Services, with $1.1 billion assets under management, is a... READ MORE