Plans & Trusts: January/February 2024

The traditional practice of appointing trustees for pension and health plans has faced challenges, with a shortage of volunteers and a need for specialized skills. As a result, there is a growing trend of employing professional trustees. The authors investigate who may be independent experts appointed by plan settlors or individuals chosen by sponsoring parties and their role.

As the persistence of cyber threats grows, organizations and their employee benefit plans are attractive targets. The author discusses proactive measures that plan sponsors and trustees can implement to support an effective cybersecurity program.