Conducting Effective Service Provider RFPs for ERISA Retirement Plans
Crafting Comprehensive Proposals to Meet Fiduciary Duties and to Avoid Litigation and DOL Audits
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will prepare employee benefits counsel and ERISA plan fiduciaries to conduct more optimal requests for proposals (RFPs) for retirement plan service providers. We will discuss when and how often plan fiduciaries should undertake the RFP process, outline the elements that make up a comprehensive and effective RFP, and offer practice pointers for using the RFP process to meet ERISA fiduciary duties and achieve plan goals.
Outline
- Overview of ERISA requirements and DOL guidance
- Elements of a thorough RFP questionnaire
- Interviewing service provider candidates
- Documenting the RFP process
Benefits
The panel will review these and other key issues:
- When and how often should plan fiduciaries undertake the RFP process?
- What essential questions should be included in the RFP questionnaire?
- How can my company obtain enhanced contractual provisions in the agreements with our service providers?
Faculty
W. Andrew Douglass
Shareholder, Employee Benefits Practice Group Chair
Polsinelli
Mr. Douglass regularly counsels both public and private companies on their qualified and nonqualified retirement plans,... | Read More
Mr. Douglass regularly counsels both public and private companies on their qualified and nonqualified retirement plans, health and welfare plans, and other benefit arrangements. In particular, Mr. Douglass has extensive experience helping employers in matters relating to plan design and administration, fiduciary responsibilities and plan governance issues, and negotiating agreements with plan service providers. He is Chair of the firm’s Employee Benefits and Executive Compensation Practice.
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Roberta Casper Watson
Partner
The Wagner Law Group
Ms. Watson focuses on ERISA and employee benefits. She concentrates on a wide array of areas including, pension and... | Read More
Ms. Watson focuses on ERISA and employee benefits. She concentrates on a wide array of areas including, pension and profit sharing plans, health and welfare benefit plans, including COBRA, HIPAA and the Affordable Care Act, ERISA fiduciary decision-making, Employee Stock Ownership Plans, benefits litigation backup, benefits aspects of mergers and acquisitions, employee benefits aspects of family law, labor laws affecting employee benefits, other employee benefits and deferred Compensation, and employee benefit disputes and employee benefits claims.
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