This year the Department of Labor released cybersecurity guidelines and has already begun audits to ensure enforcement. On Tuesday, October 26, 2021, the ML&R Wealth Management Retirement Plan Services team hosted a webinar on Regulatory Updates & Fiduciary Best Practices. They reviewed the new guidelines and proposed legislation on the horizon. ML&R Wealth Management partner and advisor, Vanessa McElwrath, and advisor, Julie Reinhardt covered the following topics during this fiduciary best practices webinar:
- Regulatory issues including DOL and IRS audits, lost participants, cybersecurity, and lifetime income disclosures
- Restating documents and common voluntary plan design changes seen in the marketplace
- Future retirement plan considerations in America
A recording of the webinar is included below. You can access the presentation by clicking here.