Your
plan data and private information are valuable, but unfortunately, cybersecurity is a critical but often overlooked aspect of
a plan sponsor’s fiduciary responsibility.
Given the risk of cyberattacks
targeting plan data and retirement savings, it’s important for plan sponsors to
be diligent and proactive in making sure they understand what safeguards their
third-party 401(k) service providers have in place to protect participants’
privacy and keep their data safe and secure.
Here are 11 key questions you should
be asking your 401(k) service providers about the cybersecurity of your
retirement plan data.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements and you should consult your attorney or tax advisor for guidance on your specific situation.
This material is provided for informational and educational purposes only. You should not assume any discussion or information contained in this newsletter serves as the receipt of, or a substitute for, personalized investment advice. Due to various factors, including changing market conditions and/or applicable laws, the content of this newsletter may no longer be reflective of current opinions or positions. Please remember that past performance may not be indicative of future results. There can be no assurance that any specific investment, investment strategy, or product will be profitable, equal past performance, or be suitable for you. Contact Everhart Advisors in writing if there are any changes in your personal or financial situation or investment objectives that would be material to our evaluating our previous recommendations, or if you want to add or modify any reasonable restrictions on your account.
This material was created to provide accurate and reliable information on the subjects covered but should not be regarded as a complete analysis of these subjects. It is not intended to provide specific legal, tax, or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.
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