ERISA Retirement Plans: Fiduciary Compliance and Risk Management for Investment Fund Selection and Fee Disclosures

Discharging Fiduciary Duties and Limiting Fiduciary Liability

Recording of a 90-minute CLE webinar with Q&A


Conducted on Thursday, August 8, 2013

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide an overview for counsel on key regulatory and litigation developments impacting the scope of fiduciary duties in selecting and replacing plan investment funds and providing plan fee disclosures.  The program will also provide practical advice for plan sponsors and providers in discharging their fiduciary duties and limiting fiduciary liabilities.

Description

Regulatory and litigation developments in fiduciary duties for plan investments and disclosures have been plentiful recently. DOL proposed regulations broadening the scope of fiduciary duties for persons providing investment advice and recommendations to ERISA covered retirement plans may be expected later in 2013

DOL and SEC have been focusing on target date funds, and DOL recently released informal guidance to assist fiduciaries in selecting and monitoring these funds in participant-directed individual account plans. Fiduciaries should adopt prudent processes including to address potential risks when they review or replace plan funds or designate QDIAs.

ERISA Section 404(c) safe harbors can help to insulate fiduciaries and sponsors from liability for losses in participant-directed investments. Circuits are split in their interpretation of the safe harbors, and the Ninth Circuit recently issued its Tibble decision, deferring to the DOL’s interpretation.

Listen as our authoritative panel of ERISA attorneys guides you through the legal developments in fiduciary duty with respect to selecting and replacing plan investment funds and providing plan fee disclosures. The panel will provide practical advice for plan sponsors and providers in discharging their fiduciary duties and limiting fiduciary liabilities, including Section 404(c) safe harbor compliance.

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Outline

  1. Fiduciary duties for providers and sponsors
  2. Plan investments (target date, stable value funds and qualified default investment alternatives)
  3. Developments in fee disclosure rules
  4. Safe harbor retirement plans: Section 404(c)
  5. Key case law developments

Benefits

The panel will review these and other key questions:

  • What risks do fiduciaries face in selecting or replacing investment funds or designating QDIAs?
  • What are best practices for compliance with the Section 404(c) safe harbors for retirement plans?
  • What tips does the DOL provide in its recently released informal guidance on fiduciary obligations with respect to target funds?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Faculty

Lisa H. Barton
Lisa H. Barton

Partner
Morgan Lewis & Bockius

Her practice encompasses all aspects of employee benefits, including the design, drafting, and operation of...  |  Read More

Michael B. Richman
Michael B. Richman

Of Counsel
Morgan Lewis & Bockius

He practices in employee benefits and the investment management and securities areas. He principally focuses on...  |  Read More

Lindsay B. Jackson
Lindsay B. Jackson

Morgan Lewis & Bockius

She focuses her practice on matters under the ERISA fiduciary responsibility rules, and the related tax, corporate...  |  Read More

Other Formats
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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

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