Ten Steps for Avoiding ERISA Fiduciary Problems

As a plan fiduciary, your personal assets—including your house, bank accounts, and cars—are at risk if you fail to meet your fiduciary duties. With so much at risk, employers and plan fiduciaries must learn how to comply with ERISA's strict fiduciary standards.

The training program explains in easy-to-understand terms what it means to be a plan fiduciary. It provides practical tips and an effective, ten-step approach to help fiduciaries avoid personal liability, protect plan participants and facilitate a plan structure that protects responsible fiduciaries.

To help you better understand the difficult dilemmas facing plan fiduciaries, the program also provides real-life examples of common fiduciary issues, including in-depth explanations discussing how best to deal with these difficult issues.

Learning Objectives:

• Who should serve as a plan’s named fiduciary; how to identify those that serve as discretionary fiduciaries; and how to protect other employees from being labeled as a plan fiduciary
• What duties ERISA imposes on fiduciaries and how fiduciaries can meet these strict standards
• The importance of carefully drafted plan documents, committee charters and investment policies that adequately protect plan fiduciaries
• The importance of adequate documentation of plan-related decisions and other administrative measures you can take to protect plan fiduciaries
• The serious consequences plan fiduciaries may face if they violate their fiduciary duties
• The proper way to deal with common, but tricky dilemmas plan fiduciaries encounter in carrying out their duties
• Protective measures you can take to secure plan fiduciaries’ personal assets in the event they are sued for breach of fiduciary duty

Presented By:

Richard Helmreich, a partner and Employee Benefits Practice Group leader at Porter, Wright, Morris & Arthur LLP, regularly counsels clients regarding all types of employee benefit plans, including tax-qualified retirement plans, health and welfare plans, nonqualified plans, executive compensation arrangements and equity-based incentive programs.

Mr. Helmreich served on the ERISA Advisory Council with the U.S. Department of Labor in 2007-2009, is ranked by Chambers USA as a leading attorney in Employee Benefits and Executive Compensation and is listed in The Best Lawyers in America® for Employee Benefits Law.

Continuing Education:

• This program has been approved for 1.5 recertification credit hours through the HR Certification Institute. For more information about certification or recertification, please visit the HRCI homepage.

Why a PDU Audio Conference Is Right For You:

• It provides fast, convenient learning without any out-of-office time lost.
• There are no travel-related expenses or complications.
• It's the perfect way to train as many employees as you like.
• 100% Guarantee: If you are dissatisfied, you are entitled to a complete refund.

Product Options:

• Audio Conference CD Only: $219.00
• On-Demand: $219.00

Length: 1 hour 30 minutes