401(k) and 403(b) Investments: What’s New for 2014 and Beyond?
Overview:The investment of 401(k) and 403(b) plan assets can be a source of material risk for plan sponsors and plan fiduciaries. The selection and retention of investment options and platform providers is subject to ERISA's stringent fiduciary rules. Fiduciaries in the 401(k) and 403(b) plan universe face ever-increasing scrutiny with respect to their investment decisions, and often find these decisions, and the processes employed in reaching them, being challenged by plaintiff's attorneys, labor organizations and/or government regulators. Whether or not the challenges are warranted in any particular situation, the costs, which might include litigation expenses, adverse publicity for the plan sponsor and service providers, diminished morale for the sponsor's employees, can be staggering. The ability of plan sponsors and fiduciaries to identify and understand key issues arising in connection with the investment of 401(k) and 403(b) plan assets is a critical step in navigating the investment process and mitigating risk.
The Knowledge Group is assembling a panel of distinguished thought leaders and practitioners to help plan sponsors and plan fiduciaries understand and navigate the 401(k) and 403(b) plan investment landscape in year 2014 and beyond. The speakers will walk you through the most important issues in the mix in a two-hour LIVE webcast.
Key topics include:
- 401(k) and 403(b) Investments: an Overview
- Fiduciary Rules and How They Apply to 401(k) and 403(b) Investments
- Impact on Firms, Plan Fiduciaries, Sponsors and Participants
- Up-to-the-minute regulatory updates
- Best Practices and Strategies for Compliance
- Other issues surrounding 401(k) and 403(b) Investments, including company stock, brokerage windows and life time income
Know the facts! Sign up for this event by clicking the "Register" button below. Advanced registration is recommended as space is limited. Discounts apply for early registrants.
Sarah N. Lowe, Partner,
Kilpatrick Townsend & Stockton LLP
- Overview of the law
- Background on legal framework
- Fiduciary duties
- 404c highlights
Kimberly Burham, PhD, Economist,
Investment Company Institute
- Size of retirement market
- Size of 401k market
- How much of the market is in 401k
- Access to benefits
- Asset allocations and account balances
Erek M. Sharp, Stockholder,
Reid and Riege, p.c.
- Fee disclosure: Overview of recent issues/litigation (i.e., over the past year or two)
- Employer securities: Overview of recent issues/litigation (i.e., over the past year or two)
- Potential other risk/litigation issues
Elena Barone Chism, Associate Counsel - Pension Regulation,
Investment Company Institute
- Disclosure rules – issues in implementation in new regulatory framework
- Speculation as to what might happen with new regs on fiduciary investment advice (Dept. of Labor regulations are due soon) – impact on plans and providers
- Open brokerage window plans
- Lifetime income – taking distributions (estimated lifetime income stream proposals)
Who Should Attend:
- Plan Sponsors & Fiduciaries
- Retirement Plan Practicing Lawyers
- Employee Benefits & Compensation Lawyers and Consultants
- Payroll and Benefits Administrators
- Human Resource & Benefits Personnel
- Retirement plan financial professionals
- Retirement plan sponsors
- Public Companies
- Private Companies
- Enrolled Retirement Plan Agents
- Other related and interested professionals
Sarah Lowe focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA fiduciary and 401(k) and 403(b) plan investment issues. She assists plan fiduciaries in identifying and understanding key issues arising in connection with the investment of 401(k) and 403(b) plan assets and in implementing best practices to mitigate these risks. Additionally, as part of her practice, she regularly advises clients on compliance with ERISA's rules regarding fiduciary duties and prohibited transactions. Ms. Lowe has provided counsel to and negotiated on behalf of clients regarding employee benefit issues in connection with mergers, acquisitions, dispositions and other business transactions. She has also researched and advised public and private employer clients regarding issues related to design, preparation, communication, administration and operation of qualified plans and the related funding vehicles, including pension and profit sharing plans, 401(k) plans, rabbi trusts, and cafeteria plans.
Sarah Lowe focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA fiduciary …
Kimberly Burham contributes to the Institute’s research efforts on retirement and investor demographics and behavior. Burham, who joined ICI in 2012, researches trends in household retirement saving activity and ownership of funds as well as other investments inside and outside retirement accounts, and expenditures of the aged. Prior to joining ICI, Burham served as an economist at the Social Security Administration. She has a PhD in economics from the University of Notre Dame and a BA in political science and economics from Hastings College.
Kimberly Burham contributes to the Institute’s research efforts on retirement and investor demographics and behavior. Burham, who joined ICI in 2012, …
Erek is a stockholder and member of Reid and Riege’s Employee Benefits & Pension Practice Area. Erek frequently analyzes, drafts and amends both qualified and nonqualified plan documents, and has substantial experience counseling a diverse roster of clients in connection with plan implementation, compliance and termination-related matters arising under ERISA, the Internal Revenue Code and other applicable laws. He routinely counsels clients concerning their fiduciary obligations and “best practices,” and often provides advice in connection with prohibited transaction issues and the application of related class or statutory exemptions. He has substantial experience advising plan sponsors, named fiduciaries, trustees and investment advisers in connection with the investment of benefit plan assets in both traditional and alternative investment vehicles (both domestic and offshore), including plan asset funds, VCOCs and REOCs, and frequently reviews and negotiates the terms of related advisory/service agreements and fund documents. He also counsels clients in connection with benefits and compensation issues arising in merger and acquisition transactions, including transactions involving leveraged and non-leveraged ESOPs. In addition, he has advised boards of directors and compensation committees in connection with the design and implementation of equity and “phantom” equity compensation arrangements, change in control agreements and severance/separation pay programs and agreements, as well as their reporting and disclosure obligations with respect thereto.
Erek is a stockholder and member of Reid and Riege’s Employee Benefits & Pension Practice Area. Erek frequently analyzes, drafts …
Elena Barone Chism is Associate Counsel – Pension Regulation for the Investment Company Institute. Her responsibilities include advocating for the Institute's membership on retirement security issues and assisting members and Institute staff in understanding tax and ERISA rules that affect defined contribution plans, IRAs, and similar savings vehicles.
Prior to joining the Institute, Ms. Chism was in private practice at the Groom Law Group, where she advised clients on the design and operation of tax-qualified retirement plans and executive compensation arrangements. She also assisted employers with defined benefit plan funding challenges, employee benefits issues arising from corporate acquisitions and divestitures, and qualified domestic relations orders.
Ms. Chism received her J.D. with honors from the George Washington University Law School, where she was Articles Editor of The Environmental Lawyer. She received a B.A., with distinction, from Duke University.
Elena Barone Chism is Associate Counsel – Pension Regulation for the Investment Company Institute. Her responsibilities include advocating for the …
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About Kilpatrick Townsend & Stockton LLP
Kilpatrick Townsend is a full service firm with nearly 650 attorneys in 17 offices throughout the U.S. and abroad. Their Employee Benefits & Executive Compensation attorneys work on behalf of clients throughout the U.S. and internationally in all areas of employee benefits, executive compensation and ERISA litigation, representing a cross-section of businesses ranging from Fortune 100 public companies to family-owned businesses and start-up companies. The diverse and innovative client base they support provides cutting-edge work that keeps them at the forefront of critical developments in the field. The team’s primary service areas include, Business Transactions, ERISA Litigation, Executive Compensation, Fiduciary Counseling, Health & Welfare Plans, Pension Fund Management and Retirement Income Plans.
About Reid and Riege, P.C.
Founded in 1950, Reid and Riege, P.C. is a full service law firm providing legal counsel and representation to many of the region's leading business and nonprofit organizations, financial institutions, corporations and individuals. The firm's focus includes the following practice areas: commercial finance; corporations, limited liability companies and other business organizations; business succession planning; executive agreements and compensation; mergers and acquisitions; pension and other employee benefits; employment and personnel; environmental; health care; estate planning and estate settlement; executive and physician planning; fiduciary and probate litigation; fiduciary services; general litigation; insolvency and bankruptcy; multiemployer benefit plans; nonprofit organizations; real estate; and tax. Reid and Riege has principal offices in both Hartford and New Haven. For additional information, please visit www.rrlawpc.com..
About Investment Company Institute
The Investment Company Institute is the national association of U.S. investment companies, including mutual funds, closed-end funds, exchange-traded funds (ETFs) and unit investment trusts (UITs). ICI seeks to encourage adherence to high ethical standards, promote public understanding, and otherwise advance the interests of funds, their shareholders, directors, and advisers. Members of ICI manage total assets of $16.3 trillion and serve more than 90 million shareholders.