Colonial Surety Company

Colonial Surety Company is a direct insurance company specializing in surety, fidelity and liability insurance.
800-221-3662
[email protected]

[Colonial Surety Company @ColonialSurety]

It's sizzling out there. Are you ready? (Remember, Just like tanning oil and sunscreen are not created equal, ERISA compliance is not the same as protection. 😉)

[Colonial Surety Company @ColonialSurety]

Who's on first? World Investment Advisors reminds us that compliance with both the IRS and the DOL are essential. Here's our quick take: https://t.co/TrD8bnSbVs

[Colonial Surety Company @ColonialSurety]

Is everything your retirement plan participants receive about the plan easy to understand? Here's our quick take on why it's essential to scrub out the jargon:
https://t.co/3zJDAC2j9x

[Colonial Surety Company @ColonialSurety]

If data is the new oil, it's not at all hard to imagine the value (and lure) of retirement plan data, right? Make sure you are following all of the guidance from the U.S. Department of Labor, including these pointers. https://t.co/3OPm1KyKtO

[Colonial Surety Company @ColonialSurety]

Plan Sponsors: Understand the difference between ERISA Bonds and Fiduciary Liability Insurance--and why both matter--with this short video.
https://t.co/TOlafr0sHB

[Colonial Surety Company @ColonialSurety]

Spring's in full bloom--how's the cleaning going? While you're at it, don't forget to scrub out the jargon... (More tips from experts right here: https://t.co/roJDKNKprZ)

[Colonial Surety Company @ColonialSurety]

If you run a business and sponsor a retirement plan, remember that the difference between a relatively minor cybersecurity incident and a nightmare essentially comes down to one word: you!

https://t.co/spQMiHnhhf

[Colonial Surety Company @ColonialSurety]

Head's up: Uncashed Distribution Checks are not a good sign for the retirement plan you sponsor (or you as a fiduciary). With thanks to Tom Hawkins and @401kspecmag, here's a quick look at putting proper policies in place.

https://t.co/lJlEPI0mbt

[Colonial Surety Company @ColonialSurety]

We have the scoop on why retirement plan committees are worth the effort. (With thanks to @PSCA401k, @MikeWebb_CRG and @rosenbaumlaw, read on for the full scoop on taking the 401k committee seriously: https://t.co/ajYnHQlL5c

[Colonial Surety Company @ColonialSurety]

Ready to "bet the business" you've worked hard to build? Our risk management guru, Dick Clarke, and attorneys at Jackson Lewis P.C. caution retirement plan sponsors to be defense ready-and when it comes to ERISA litigation, the costs add up fast.

https://t.co/nTG9wETkOz

[Colonial Surety Company @ColonialSurety]

Never a dull moment at @NAPA401K ! So glad to exhibit our ERISA offerings and mingle with retirement plan professionals. Onto the next conference, Pensions on Peachtree!

[Colonial Surety Company @ColonialSurety]

Can you explain the difference between an ERISA Bond and Fiduciary Liability Insurance? We find that many retirement plan sponsors cannot-and that's scary, since errors or more likely to cause problems for the average sponsor than acts of fraud or theft. https://t.co/iOGYNrVINB

[Colonial Surety Company @ColonialSurety]

Make sure you are following all of the guidance from the @USDOL, including these pointers. (Protection is a wise choice too and our unique fiduciary + cyber liability insurance package is efficient and affordable.)

[Colonial Surety Company @ColonialSurety]

Outsourcing expert services is a wise move for retirement plan sponsors, but it's also wise to clearly understand who's responsible, and liable, for what. With notes from @PSCA401k

https://t.co/qMSmFFJeg2

[Colonial Surety Company @ColonialSurety]

Lucky for you: we're here to help (today and every day 😉☘️)

[Colonial Surety Company @ColonialSurety]

Postmarks and ERISA? Yep! This is a good example of how simple oversights can pave the way to more complex challenges for retirement plan sponsors and their service providers.

(Thanks Groom Law Group for reminding us all not to "Miss the Mark.")

[Colonial Surety Company @ColonialSurety]

Though most civil violations are simply mistakes and oversights, the costs associated with them are an out of pocket expense for retirement plan sponsors. As Ascensus reminds us, the per day, and per participant fees really add up fast.

https://t.co/KRljmpBcjq

[Colonial Surety Company @ColonialSurety]

Regrets? We all have them - and much can be learned from them. @PSCA401k passes along some Gen X regrets in hopes the younger gens in the work place.

[Colonial Surety Company @ColonialSurety]

One question to think about as you start your day: how much do your employees trust you?

This is an especially important consideration for retirement plan sponsors. RSM offers some pointers-and here is our fast take: https://t.co/33VIGXKRym

[Colonial Surety Company @ColonialSurety]

What's asset rich but cybersecurity poor? Hopefully not your company sponsored retirement plan. With thanks to attorneys Buchanan Ingersoll & Rooney PC and Morgan Lewis, here are some important reminders:

https://t.co/aRuSjyc3wn