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2018 - Ask Tom Clark

Strengthening Retirement Security

President Trump issued an Executive Order on August 31, 2018, directing the Department of Labor (DOL) and the Department of Treasury (Treasury) to ease
the barriers employers face in o ering retirement plans and increase employee access to retirement bene t programs. e Executive Order addressed the following three areas of concern.… Read More

Updating Your Service Agreements to Address Cybersecurity Issues

As part of my regular practice counseling retirement industry service providers, I
will sit down with my clients and ask
them about their “worry list” — or, to put it another way, what is keeping them up at night. More
and more, cybersecurity issues are at the top of that list. And rightly so. It seems a week cannot go by without a cybersecurity breach making the news, and increasingly,
breaches are happening in the retirement industry. Consequently, the scope of your rm’s needed attention to cybersecurity issues is immense.… Read More

Avoid These Five Fiduciary Fumbles

Avoid These Five Fiduciary Fumbles, 401(k) Fridays Podcast with Rick Unser Tom Clark is a partner at The Wagner Law Group, a law firm specializing in ERISA & Employee Benefits. He leads the firm’s St. Louis office. His expertise encompasses … Read More

The Pendulum Swings Again

The Department of Labor (DOL) recently issued Field Assistance Bulletin (FAB) 2018–01, which provides guidance to its national and regional o ces relating to how plan duciaries can take environmental, social, or governance (ESG) considerations into account when making plan investments. Perhaps, not surprisingly, the DOL’s current view on these issues is considerably narrower than those expressed by the prior Administration.… Read More