July 7, 2020

Volume X, Number 189

July 07, 2020

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July 06, 2020

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Preventing an ERISA Litigation Outbreak After COVID-19 – Part 2: Cybertheft of 401(k) Plan Distributions

To address growing concerns over an increase in ERISA litigation claims related to the COVID-19 pandemic, Faegre Drinker’s ERISA litigation team developed the “Preventing an ERISA Litigation Outbreak After COVID-19” alert series to help clients navigate the fiduciary and plan liability issues associated with COVID-19. Part Two of our series examines the potential for fraudulent 401(k) distributions as an unexpected result of the Coronavirus Aid, Relief and Security Act (CARES Act), and highlights steps plan sponsors and recordkeepers can take to mitigate the risk of these cybercrimes.

© 2020 Faegre Drinker Biddle & Reath LLP. All Rights Reserved.National Law Review, Volume X, Number 150

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About this Author

Kimberly A. Jones Partner Chicago  ERISA-related matters
Partner

Kimberly Jones advocates for clients in a broad range of ERISA-related matters in federal courts throughout the country. She is co-leader of the firm’s ERISA litigation team, and a member of the benefits and executive compensation practice group.

ERISA Litigation

Kim litigates claims involving denials of life, health, disability, pension, retiree medical, and severance benefits; breaches of fiduciary duty; prohibited transactions; and ERISA Section 510 violations on behalf of plans, plan sponsors, plan fiduciaries, and third party administrators. She has defended plan...

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