DOL’s New ERISA Fee Disclosure Initiatives for 401(k) Plans
Compliance Strategies for Plan Fiduciaries and Service Providers
Transparency requirements phased in starting Jan. 1, 2009
Recording of a 90-minute premium CLE webinar with Q&A
This seminar will review the new and anticipated DOL ERISA Fee Disclosure requirements for employee benefit plans and steps plan fiduciaries and service providers should take immediately to ensure compliance with the new transparency initiatives.
Outline
- Form 5500 Schedule C reporting requirements
- Implementation date
- “Reportable compensation”
- Bundled service arrangements
- “Eligible indirect compensation”
- ERISA 408(b)(2) proposed regulations
- Compensation and services disclosures
- Service provider relationship disclosures
- ERISA 404(a) and 404(c) proposed regulations
- Plan-related disclosures
- Investment-related disclosures
- Best practices to avoid and reduce ERISA litigation
- For plan fiduciaries
- For plan service providers
Benefits
The panel will review these and other key questions:
- What information must plan sponsors and service providers disclose under the new DOL initiatives and when must they disclose it?
- How may disclosure information be delivered to plan fiduciaries and plan participants? Is electronic communication sufficient?
- What steps should plan fiduciaries and plan sponsors take now to ensure compliance with the current and anticipated requirements?
Faculty

Lynda T. Galligan
Partner
Goodwin Procter
Ms. Galligan is co-chair of Goodwin’s Business Law Department. She practices in the area of executive... | Read More
Ms. Galligan is co-chair of Goodwin’s Business Law Department. She practices in the area of executive compensation and benefits and was formerly the co-chair of the firm’s ERISA & Executive Compensation practice group. Ms. Galligan is a member of the firm’s Executive Committee, Management Committee and Allocations Committee, and previously served on the Partnership Committee. She is a former chair of Goodwin’s Silicon Valley office.
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Eric R. Keller
Partner
Paul Hastings Janofsky & Walker
He represents clients in all aspects of executive compensation and employee benefits law. He frequently advises plan... | Read More
He represents clients in all aspects of executive compensation and employee benefits law. He frequently advises plan fiduciaries on how to reduce their risk of fiduciary liability for plan investments. He represents plan fiduciaries in administrative claim disputes with participants and contractual disputes with service providers.
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John A. Reade, Jr.
Partner
Duane Morris
His practice encompasses the entire area of employee benefits, including executive compensation and fiduciary related... | Read More
His practice encompasses the entire area of employee benefits, including executive compensation and fiduciary related issues involving prohibited transactions and qualified plan advice. He represents clients before the DOL, IRS and PBGC.
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Strafford will process CLE credit for one person on each recording. All formats include course handouts.
CLE On-Demand Audio