ERISA & Employee Benefits

Participant Directed Investments Through Brokerage Windows: The Last Frontier or a Trap for the Unwary?

By Ivelisse Berio LeBeau and Stephen Wilkes

Court Decision Highlights the Dangers of Cybersecurity Breaches for Both Plan Sponsors and Plan Service Providers

On May 27, 2020, the Eastern District of Pennsylvania, in Leventhal v. MandMarblestone Group, LLC, handed down a decision that highlights the dangers facing both plan sponsors and plan service providers when a cybersecurity breach results in money stolen from a participant’s account. The court ruled that the TPA service provider, after being sued by the plan sponsor for the cybersecurity breach, ...