Cyber threats are only getting worse for retirement plan sponsors

Wednesday 2:00 – 3:00pm

Session Description

Plan sponsors are being hacked, whacked, and attacked by cyber criminals. For the first time, the DOL has issued its thoughts on what you should be doing. Don’t wait for the DOL to knock on your door or a lawsuit to hit the news to take action. Let’s discuss the role of the plan sponsor in navigating the risks and protecting retirement plans. Join me, as we discuss:
– Plan sponsor fiduciary duties and obligations to monitor your service providers
– The role you play in managing cyber risks internally as well as those your participants face
– Best practices for your retirement plan, how to comply with the new DOL guidance, and documenting your process

Learning Objectives

  • Examine the role of a plan sponsor in navigating the risks of cyber threats and protecting retirement plan(s).
  • Learn how to comply with the new DOL guidance.
  • Examine the obligations of a plan sponsor to monitor service providers.

Samuel Henson

Sam serves as Director of Legislative and Regulatory Affairs for Lockton Retirement Services. He acts as a subject matter expert on ERISA compliance, DOL/IRS activities and the legislative landscape. In addition, Sam supervises compliance services for more than 1,000 Lockton retirement clients and 100 retirement Associates.