Today, Law360 published our article “Considering Best Data Practices for ERISA Fiduciaries.” (Read the full version here — Law360 subscription required.)
In this article, we outline steps that ERISA plan fiduciaries can take to develop a policy concerning protection of plan data and prudent selection and monitoring of plan service providers who handle PII. Benefit plan service providers, including technology-based outsourcing companies, should also consider these important guidelines and implement the appropriate safeguards to protect against infringement of plan and participant data. These issues must be addressed in service arrangements and will continue to evolve.
Following is an excerpt:
Employee … Continue Reading