ERISA Bonds vs. Fiduciary Liability Insurance: What’s the Difference?

By Catherine Trottman This article is intended to help plan sponsors understand the difference between retirement plan fidelity bonds and fiduciary liability insurance. Retirement Plan Fidelity Bonds The Employee Retirement Income Security Act of 1974 (“ERISA”) generally requires all retirement plans to be covered by a fidelity bond. These bonds, which are often referred to

Marital Status Matters: Important Ramifications of “I Do” and “I Did”

By Jeff Moore If you are in the throes of tying the knot, there may be a few important estate planning ramifications for which your wedding planner failed to prep you. For example, marriage actually revokes your current Will in its entirety. In addition, marriage effectively designates your new spouse as the new beneficiary on

Saalfeld Griggs Named to U.S. News – Best Lawyers 2015 “Best Law Firms”

Saalfeld Griggs PC has been named a “Tier 1 Law Firm” for Employee Benefits (ERISA) Law by U.S. News – Best Lawyers® 2015 “Best Law Firms”. Randy Cook is the practice group leader for the firm’s Employee Benefits & Executive Compensation group. Firms included in the 2015 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings

Retirement Plan Committees

Helping Fiduciaries Sleep Well at Night By Christine Moehl Managing a company’s retirement plan is a challenging job, too often delegated to one or two employees within the company who may have neither the time nor the skills for the task. These employees are considered “plan fiduciaries” under the Employee Retirement Income Security Act (“ERISA”).