Pensions & Data Security. 6 Issues Identified.

  • Performing due diligence on all data and security protocols when selecting and monitoring vendors;

  • Developing privacy provisions for contracts with TPAs and other service providers over and above standard confidentiality agreements;

  • Limiting access to sensitive information to necessary personnel;

  • Training personnel on the law and the fiduciary responsibilities;

  • Developing written policies and procedures detailing for personnel the applicable state and federal laws;

  • Continuing to monitor and watch over service providers with access to sensitive data.

National Law Review | Jackson Lewis P.C. | Employee Benefit Plans and Data Security Issues