In this week’s episode, Host Dorothy Cociu interviews Marilyn Monahan, ESQ, of Monahan Law Office, on the dangers and pitfalls for plan fiduciaries that can cost you more than just money! We’ll talk about ERISA requirements for plan fiduciaries, the Prudent Person Rule, Parties in Interest, the DOL Guidance on plan fiduciary responsibilities for Cybersecurity, and the risks and penalties to fiduciaries if they don’t do the right things. Our discussion also includes CAA requirements, disclosure, and litigation, and more. Join us for this very informative podcast!
Show Notes
Marilyn Monahan can be reached at marilyn@monahanlawoffice.com. Dorothy Cociu can be reached at dmcociu@advancedbenefitconsulting.com.
If you would like to discuss your legal obligations as a Plan Fiduciary with Marilyn, please contact her directly. If you would like consulting help or information about broker services (which includes complimentary consulting in most cases, other than IT work), please contact Dorothy Cociu. For IT and Cybersecurity assistance, you can contact ABC’s Technology and IT/Cybersecurity partners, Aditi Group, at info@aditigroup.com.
Advanced Benefit Consulting offers its Cybersecurity Program Guide for Plan Fiduciaries and Plan Sponsors on a retail basis (this is complementary for health benefits broker clients, along with assistance completing the Cybersecurity Program documentation). If you’d like to order our Cybersecurity Program Guide, including the ABC Cybersecurity Service Provider Questionnaire and Vendor Comparison Chart, click here. If you’d like to order just our ABC Cybersecurity Service Provider Questionnaire and Comparison Chart, click here.
We encourage you to listen to Season 5, Episodes 5 and 6, for a continued, detailed discussion on the DOL/EBSA Cybersecurity Guidance with Dorothy Cociu, Marilyn Monahan, Ted Flitter and Ted Mayeshiba of Aditi Group. These episodes will air on October 10 and 17 (part 1 and 2), 2023.
