ERISAPEDIA/FERENCZY BENEFITS LAW CENTER WEBCAST
The February 16, 2021 webcast focused on how missing participants have long plagued plan sponsors and third party administrators. The U.S. Department of Labor recently shared the warning signs that they look for on Forms 5500 to indicate that a plan has a problem with missing participants, but it also shared suggested best practices. Alison Cohen from Ferenczy Benefits Law Center reviewed the best design options and operational practices to help clients keep their plans lean and mean. The discussion included best options for finding lost lambs and bringing them home again.
VIRTUAL ADVANCED PENSION CONFERENCE
A three half-day Virtual Advanced Pension Conference (APC), January 26 – 28, 2021, provided important updates on current legislative action and developments from the IRS, DOL and Capitol Hill. The program offered a variety of topics presented by a panel of experts.
PENSION EDUCATION COUNCIL OF ATLANTA (PECA) WEBINAR
On January 19th, 2021, PECA hosted its first event of the year!
We all know that ERISA puts the burden of prudence and operating a plan for the exclusive benefit of the participants on plan fiduciaries. Ilene Ferenczy and Alison Cohen from Ferenczy Benefits Law Center reviewed the key lawsuits that have been in the news (and some that are still pending) and discussed what went wrong for so many fiduciaries and their plans. Then, Diane Gallagher from American Century Investments shared what it means to be a tried and true, gold star plan fiduciary. After successfully defending against one such fiduciary lawsuit, Diane shared her first-hand experience on how the committee successfully defended itself by vowing to do what was right versus easy.