DOL Finally Issues Cybersecurity Guidance for Retirement Plans
By EsqSocial Corporation 20/04/21
On April 14, 2021, the U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) finally issued first-ever guidance for plan sponsors, plan fiduciaries, record keepers and plan participants on best practices for maintaining cybersecurity to protect the retirement benefits of America’s workers under ERISA-subject private sector employer-sponsored retirement plans. Background. The Employee Retirement Income Security Act of 1974 (ERISA) established minimum standards and...
By: Murtha Cullina