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Plan Sponsor Guide: Cybersecurity Checklist

Plan Sponsor Guide: Cybersecurity Checklist

| March 04, 2024

It is more important than ever to prioritize the security of your company's 401(k) plan. The Department of Labor (DOL) has recognized this urgency and has issued recommendations to help employers safeguard their plans.

For plan fiduciaries, there are many ways you can apply these best practices to effectively manage your company's retirement plan. Read the checklist below and for more detailed information, refer to the full 'Cybersecurity Program Best Practices - EBSA' document here.

By implementing these guidelines and incorporating cybersecurity best practices, you can significantly mitigate the risk of cyber threats such as data breaches, fraud, and theft.

Download Cybersecurity Checklist

About Your Syracuse Area Retirement Advisor

Our firm, Independent Retirement Partners, is solely dedicated to the success of plan sponsors and participants and we have dedicated our firm to developing competitive, compliance driven retirement plans. We strive to minimize a plan sponsor’s efforts in running a successful retirement program by helping make sure all the gears are running smoothly, including fiduciary liabilities, financial wellness programs, and plan implementation.


Matthew C. Monroe, AIF®, CRPS®

Managing Partner

290 Elwood Davis Road, Suite 220

Liverpool, NY 13088

mmonroe@irpny.com

(315) 431-2888

www.irpny.com

 

Securities Offered Through LPL Financial. Member FINRA/SIPC. Investment Advice offered through Retirement & Benefit Partners of Central New York, a separate entity from LPL Financial.

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.

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