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Morgan Lewis partner Lisa H. Barton will present in a Strafford Publications webinar, "ERISA Retirement Plans: Fiduciary Compliance and Risk Management for Investment Fund Selection and Fee Disclosures."
Regulatory and litigation developments in fiduciary duties for plan investments and disclosures have been plentiful recently. DOL final regulations broadening the scope of fiduciary duties for persons providing investment advice and recommendations to ERISA covered retirement plans are expected later in 2013.
DOL and SEC have been scrutinizing 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 must be aware of potential risks when they replace plan funds or designate QDIFs.
ERISA Section 404(c) safe harbors can 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 Tribble 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.
Thursday, August 8, 2013
1:00-2:30 pm ET
Please see event website for CLE information.