Julie K. Stapel helps employee benefit plan sponsors and financial service providers with the investment, and management of employee benefit plan assets. She advises clients on ERISA fiduciary and prohibited transaction rules, and their impact on investment products and services, and helps those clients use investment documentation and other tools to manage potential fiduciary risks while providing top-quality benefits and services. She also works with plan sponsors and financial service providers to address ERISA–related compliance issues.
Julie helps clients negotiate investment-related agreements of virtually every type, including investment management, trust, securities lending and transition management agreements, as well as many different types of trading agreements. She represents employee benefit plan investors in all types of private fund investments, negotiating fund documentation and side letters to address ERISA and other risk management issues. She also counsels financial services and investment management clients on ERISA compliance.
Co-leader of the firm’s Fiduciary Duty Task Force, Julie also advises on fiduciary governance, including the formation and operation of benefit plan fiduciary committees.
She works with plan fiduciaries to implement ERISA compliance best practices and manage fiduciary risks. She also helps clients remain in compliance with ERISA’s ever-changing reporting and disclosure obligations.
Julie speaks frequently on ERISA-related topics. She has spoken before the Committee on the Investment of Employee Benefit Assets (CIEBA), the ERISA Industry Committee (ERIC), the John Marshall School of Law, and at various events sponsored by Pension and Investments magazine. In addition to these speaking engagements, she regularly addresses client fiduciary committees and investment staff, performing fiduciary training and presenting updates on changes in the law. She is also president of the Chicago Chapter of Worldwide Employee Benefits Network (WEB).
Prior to joining Morgan Lewis, she was a partner in the employee benefits and executive compensation departments of an international law firm, resident in Chicago. Before that, she served as general counsel to a registered investment adviser, gaining experience with ERISA and its impact on investment managers and collective investment funds.
For a large municipal defined contribution plan, negotiating a comprehensive administrative service provider relationship and stable value investment management relationship, including the negotiation of provisions relating to unique requirements of the municipal law applicable to the defined contribution plan.
For a publicly traded aerospace and defense company, conducting a detailed review of their plan documents, trust documents, board resolutions, and committee charters to identify ambiguous, overlapping, or inconsistent roles and responsibilities of the parties involved in the governance structure. As a result of that review, the client revised its documents to better reflect current operations and also overhauled its governance structure to reflect both current practices as well as to improve risk management in light of recent litigation and regulatory developments.
For a leading building materials manufacturer, drafting and negotiating policies and procedures in connection with a comprehensive fiduciary outsourcing of defined benefit plan investment responsibility to a third-party provider, including detailed processes for the interface between the third-party provider and benefit investment personnel at the client.
Indiana University School of Law, 1996, J.D., Magna Cum Laude
University of Michigan, 1992, B.A.
Clerkship to the Court of Appeals of Maryland (1996)
Awards and Affiliations
President, Chicago Chapter of Worldwide Employee Benefits Network (WEB)