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ERISA and the DOL's New 401(k) Rules: Prevent Fraud and Comply with Disclosure Regulations
Course Description:
In effort to combat the rise of ERISA stock fraud violations and to bring "hidden" or excessive 401(k) fees to light, the DOL released new rules proposing the disclosure of indirect compensation by plan service providers including third-party administrators, pharmacy benefit managers, actuaries, and 401(k) recordkeepers.
Under these new rules, the DOL would require:
- Vendors to provide information on gifts, travel, awards, and finder's fees that are retained in connection with work done for fiduciaries.
- Contracts between vendors and retirement benefit plans would need to include specific, detailed information about all services to be performed and all compensation to be received either directly from the plan or from third parties.
- Plan fiduciaries to report all compensation, both direct and indirect, for service providers on the Form 5500.
- And more.
In this must-attend audio conference, you’ll find out how to comply with these vast and complicated provisions. You’ll also discover how to minimize the threat of stock fraud violations, avoid steep penalties and fines, and mitigate the chances for a class-action lawsuit and potential plan shut-down. Plus, in just 75 minutes CCM’s expert faculty will guide you through:
- The general rules governing fees paid from plan assets
- The proposed regulation of revenue sharing payments
- An in-depth look at the 401(k) fee disclosure lawsuits
- An explanation of the participants' complaints
- A detailed explanation of “revenue sharing” payments
- What the courts have said about revenue sharing payments
- How to determine which fiduciaries have discretion over fees
- How to determine if revenue sharing payments are plan assets
- The standard for evaluating the “reasonableness” of fees
- How to determine if there is a duty to disclose details about fee structures
- What procedural prudence is sufficient to defeat a fiduciary breach claim
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FEATURED FACULTY
Mitchell Langbert, Ph.D.,
Shokan Human Resource Experts
Dr. Mitchell Langbert is a published author and experienced expert on employee benefit programs, ERISA litigation and human resource management.
He is an Associate Professor of Business and Economics with tenure at Brooklyn College-CUNY. Dr. Langbert's expertise in ERISA litigation resulted in his being called as a witness in the infamous Enron case. Dr.
Langbert is also a member of the Society for Human Resource Management and the Academy of Management.
Robert Edward Hoskins , Attorney, Foster Law Firm LLC
Robert "Rob" Hoskins has been handling ERISA claims for almost as long as he has been practicing law. (He graduated from law school in 1989.) He handled his first ERISA case in 1991 and won his first "big" ERISA case in 1992. Since then, he has handled literally thousands of ERISA and insurance cases of about every type imaginable. He regularly handles ERISA and insurance claims involving long term disability, health insurance, life insurance, accidental death and pension/retirement matters. The large majority of Rob's practice is focused on ERISA and insurance claims. He has handled a number of notable ERISA cases in jurisdictions throughout the United States and has, also, written and lectured extensively on ERISA.
MONEY-BACK GUARANTEE:
We're so confident
you'll get what you want out of this conference that
we'll refund every penny if you're not completely
satisfied. No questions asked! It's 100% risk-free!
Pricing:
Item |
CCM Preferred Customer Price |
| CD and Event Materials |
$269.00 |
Unable to Attend? Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.
APPROVED FOR RECERTIFICATION CREDIT:
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HRCI - Receive 1.5 recertification credit hours toward PHR and SPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, please visit the HRCI homepage at www.hrci.org. |
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