Positive steps forward by Ed Wolyniec, CEO
My outlook for 2023 is, as it is every new year, optimistic. Together we’ve managed through the COVID-19 pandemic and its associated economic challenges, including global supply chain issues. Indeed, many of you have reported strong or recovering hours for your members. Here’s hoping that this trend continues in the coming year.
One trend we’d like to see reverse is the rise in cyber crime, but since credential harvesting remains an ever-present threat, we’re facing it head-on. Our IT team has continued to enhance security by implementing multi-factor authentication (MFA) across critical systems. MFA is becoming a baseline security requirement, and BeneSys is committed to staying on top of best practices like this to keep our systems and your members’ information secure. In other news, the recently enacted SECURE 2.0 retirement legislation includes more than 90 provisions potentially relevant to your fund. We’ve established an internal working group to delve into the provisions so that we can best support you as you navigate the changes. In the meantime, this issue of the BeneSys Navigator offers an overview of five SECURE 2.0 provisions.
Until next time, thanks for reading.
Please click on the attachment for the Q1 newsletter