The absolute protection of Social safety measure numbers is critical in today’s world of human resource and employee benefit administration, including the handling of 401(k) plans.

Such safety measure concerns exists whether plan administration is done in-house or it is outsourced. In our Net world, identity theft is a huge and growing problem. Computer systems of some of the largest organizations in the country, including a well known national 401(k) provider and even our country’s intelligence agencies, have been

hacked and data has been compromised.

High tech is not the only way to access confidential data: Unlocked desktop and laptop computers, unsecured work papers and trash plus are sources for identity thieves. As most companies outsource 401(k) administration or convinced aspects of it, I want to focus on defense of retirement plan input at third-party firms.

What kind of routine practices from a 401(k) provider should raise protection questions? […]

Orginal post by Top Tech News