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OnDemand Webinar

Meeting Your Fiduciary Responsibilities Under ERISA

After listening to this on-demand webinar and reviewing the associated PowerPoint® slides, you should have a comprehensive and practical understanding of your or your clients’ fiduciary duties with respect to 401(k)’s and other retirement plans. The on-demand webinar will cover what ERISA’s fiduciary duties are, when and to whom they apply, and practical strategies used by fiduciaries to avoid fiduciary status where advisable, satisfy your fiduciary duties when necessary and appropriate, and guard yourself from exposure to liability for alleged breaches of fiduciary duties.

Learning Objectives:

  • You will be able to identify which plans are subject to ERISA.
  • You will be able to discuss special rules for employer stock and ESOPs.
  • You will be able to explain fiduciary liability insurance.
  • You will be able to review DOL enforcement activities.

Runtime: 88 minutes
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Pre-ERISA Background and Common Law Meaning of Fiduciary

Enactment of ERISA and ERISA Pre-Emption

Which Plans Are Subject to ERISA

ERISA Definition of Fiduciary - Function Over Form

Identification of Fiduciaries in Plan Documents

Original ERISA Model: Pooled Investments, Defined Benefit Plans, and Modern Portfolio Theory

ERISA's Articulation of Fiduciary Duties: Loyalty, Expertise, Prudence, Diversification

Prohibited Transactions

Special Rules for Employer Stock and ESOPs

Personal Liability of Fiduciaries and ERISA Limits on Indemnification

Fiduciary Committees and Co-Fiduciary Liability

Fiduciary Liability Insurance

No Requirement of Prescience or Guarantee of Outcomes; Procedural Prudence

ERISA § 404(c) and the 401(k) Explosion

Role of Advisors I - Education vs. Advice

Role of Advisors II - Assumption of Fiduciary Responsibility as Advisor Business Model

PPA 2006 Introduces More Safe Harbors; Qualified Default Investment Alternatives (QDIAs) – What They Are and Extent of Fiduciary Protection

ERISA Litigation Basics and Practical Realities

DOL Enforcement Activities

Intensified Focus on Plan Costs and Disclosure

Recent Litigation Trends

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

No credit available.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Luke D. Bailey

Luke D. Bailey

Strasburger & Price, LLP

  • Partner in the office of Strasburger & Price, LLP
  • Practice emphasizes all aspects of employee benefits and executive compensation
  • Conducts regular seminars and workshops on numerous employee benefits and executive compensation issues
  • Author of several publications related to the areas of employee benefits and executive compensation
  • J.D. degree, University of California at Berkeley (Boalt Hall), 1982, Order of the Coif; A.B. degree, Occidental College, 1974, cum laude
  • Can be contacted at [email protected] or 214-651-4572
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 393127
Published 2014
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