The GreatBanc and DOL Settlement Agreement

The DOL recently reached a settlement of its lawsuit alleging violations of ERISA against GreatBanc. As part of the settlement, GreatBanc was required to enter into a “Fiduciary Process Agreement.” The agreement applies only to GreatBanc and is not a Regulation, Field...

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Fidelity Bond Coverage Requirements

Plan sponsors often overlook the importance of maintaining an ERISA fidelity bond for an employee benefit plan. However, ignoring this requirement could result in unwanted scrutiny from the Department of Labor (DOL). As a way to protect employee benefit plans from any...

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Watkins Ross Adds New Service

Watkins Ross is pleased to announce a new service to our clients. We are now able to offer the ERISA Wrap Summary Plan Description (SPD) for a fee of $300.00. ERISA requires group health plans to have a written SPD document in place and to provide this SPD to plan...

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