Collective Trusts in Retirement Plans Under Increased ERISA Scrutiny
Compliance Strategies for Establishing Collective Trusts
Recording of a 90-minute CLE teleconference with Q&A
Conducted on Thursday, June 5, 2008
Recorded event now available
Description
Between 2003 and 2006, demand for collective investment trusts in retirement savings plans grew from 32% to 41%. Along with this growth, several lawsuits against ERISA fiduciaries based on the investment in collective investment trusts have been filed, and additional suits are coming.
Retirement plan administrators are adding collective investment trusts to their product offerings because they allow financial institutions to provide more diverse products than SEC-registered mutual funds.
However, plan sponsors and administrators must step back and understand how to properly structure the use of such trusts in retirement plans to comply with ERISA requirements.
Listen as our panel of ERISA and financial services attorneys outlines the legal requirements and regulatory landscape for collective investment trusts and the impact of recent ERISA litigation on collective investment trusts.
Outline
- Collective investment trusts
- Statutory and regulatory framework
- Structure, including compensation, disclosure and distribution
- Comparison with registered mutual funds
- Compliance issues in establishing collective investment trusts
- Technical requirements under ERISA
- Potential regulatory pitfalls and areas of supervisory focus
- Emerging ERISA litigation
- Litigation challenging collective trust management and disclosures
- Litigation challenging fees borne by ERISA plans invested in collective trusts
Benefits
The panel reviewed these and other key questions:
- How do collective investment trusts compare to registered mutual funds?
- What are the potential regulatory pitfalls in establishing collective trusts?
- What are the recent trends in ERISA litigation that are affecting collective trusts?
Faculty
Thomas J. LaFond,
Partner
Goodwin Procter, Boston
He structures and implements investment products and services. He also represents clients before federal and state banking and securities regulators in securities lending and other matters.
James O. Fleckner,
Partner
Goodwin Procter, Boston
He focuses on complex commercial litigation, representing financial service providers and corporate clients in ERISA, securities and derivative class actions and in private civil litigation.
Linda K. Shore,
Counsel
Mayer Brown, Washington, D.C.
She represents financial services firms and corporate plan sponsors in all areas covered by ERISA and has extensive experience in structuring investment products to be offered to ERISA investors.
Ordering
Online CLE - Audio Recording
Includes audio streaming of full program plus handouts (available 24 hours after live seminar).
CLE:
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Online CLE Audio $149.00
Available 24 hours after the live event
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, GA, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.
MP3 Download (Audio Only) $49.00
Available 24 hours after the live event
CD $49.00
plus $9.45 S&H
Available ten business days after the live event
CLE Credit
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Customer Reviews
I liked the different speaker perspectives.
Gina Fama
Standard Chartered Bank
The program was well organized and discussed the major issues.
Roxy Hammett
Wolff & Samson PC
The back-and-forth between the panelists made the program easy to listen to. The slides were very well done.
Chris Kelly
Mayer Brown
I liked that the speakers had great knowledge of the topic and presented it with ease without making it overly complicated or rushing through the material.
Laura S. Brooks
Law Office of Laura S. Brooks
I received complicated information in an uncomplicated, concise and understandable manner.
Alice Mercado
Lemons, Grundy & Eisenberg
Employment & ERISA Advisory Board
Partner
Littler Mendelson
Partner
Perkins Coie
Partner
Wick Phillips
Shareholder
Littler Mendelson
Shareholder
Greenberg Traurig
Partner
Gibson Dunn & Crutcher
Partner
Gladstone Michel Weisberg Willner & Sloane
Shareholder
Greenberg Traurig
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