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Administration May 28, 2025
Resources for Preventing and Reporting Financial Fraud
Education and tools plan sponsors can reference to help protect retirement plan assets and ensure the financial security of plan participants and beneficiaries.
Reported by PLANSPONSOR Staff
Art by Shout
In 2023, the Federal Trade Commission reported nationwide financial fraud losses topped $10 billion, up 14% from the prior year; while the number of fraud reports was relatively unchanged, meaning losses per incident are rising. Within the category of financial fraud, consumers reported losing more money to investment scams—more than $4.6 billion—than any other category in 2023; up 21% over 2022.
Below find a selection of tools and resources to help plan sponsors and participants, identify vulnerable individuals and educate them and others about the resources available to report and help prevent financial fraud.
If you have resources to share, please send them to editors@issgovernance.com and PLANSPONSOR can continue to update the list.
SAGE: A Test to Detect Signs of Alzheimer’s and Dementia
Created at The Ohio University Wexner Medical Center
Fighting Fraud: Scams to Watch Out For
From the U.S. Senate Special Committee on Aging
How We Can Help You – Elder Fraud
From the Federal Bureau of Investigation
Planning for Diminished Capacity and Illness
From the Consumer Finance and Protection Bureau
Older Investors – Steps to Consider Taking to Help Protect Your Assets Now and as You Age
From the Securities and Exchange Commission
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