ERISA Fiduciary Duty For Retirement Plan Investment Decisions:  Managing Risk, Avoiding Liability and Improving Function

Registration begins at 9:00 AM
A continental breakfast will be served.

There is increasing focus on retirement plan investments and participant fees. Employers and their employees responsible for selecting investment options and service providers must comply with Department of Labor fee disclosure regulations and a possible new investment fiduciary regulation. Employer investment fiduciaries also face the risk of being sued for allegedly requiring participants to pay excessive fees for plan investments and record keeping. Recent settlements in these types of lawsuits (Lockheed $62 million, Boeing $57 million) make it increasingly important for employer investment fiduciaries to fully understand their obligations and implement investment and fee best practices.

This program is intended for employers who sponsor 401(k), 403(b) and other retirement plans, their plan investment committee members and other employees with plan investment fund oversight responsibility.   The program will:  

• Review ERISA’s basic fiduciary duty obligations that apply to employer retirement plan investment fiduciaries
• Explain how to implement investment fiduciary best practices including committee formation and function, effective decision making, documenting compliance and responding to participant or Department of Labor questions
• Review the current participant fee litigation environment and what steps employers and their investment fiduciaries can take to minimize their litigation risk and improve investment function, including what services and assistance they should expect from their investment advisers and other professional consultants

TO REGISTER FOR THIS SEMINAR: Contact Mellissa Boyd at 313.223.3125or mboyd@dickinsonwright.com