DOL’s Fiduciary Rule: Everything You Need to Know
The Department of Labor’s (DOL) Fiduciary Rule, which was created under the Obama administration was initially scheduled to be applied last April 10th. However, in response to the call for an “economic and legal analysis” by the current administration, the rule was then issued a 60-day delay. More recently, after numerous delays and rescheduling, the rule finally took effect on June 9, 2017, but with a transition period prior to its full implementation.
Since the rule is already applicable, it is important for businesses to navigate the effects and its potential impacts. Although some of the provisions are expected to be out until January 2018 or later, it is of equal significance to better understand the important elements of the rule and what it means to be a fiduciary providing investment.
In a LIVE webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the significant and latest issues surrounding the DOL’s Fiduciary Rule. Listen as the speakers bring the audience to a road beyond the basics of the rule and as they delve into the depth-analysis of the significant changes and potential impacts to concerned industries. They will also provide the audience with practical strategies in navigating the changes to the best of their advantages.
Some of the major topics that will be covered in this course are:
- DOL’s Fiduciary Rule – Legal Framework
- Important Provisions
- Best Interest Contract Exemption (BICE)
- Transition Period Standards
- Timeline and Important Dates
- Potential Impacts to Businesses and Other Concerned Industries
Denise M. Clark, Founding Partner
Clark Law Group
- Background refresher on the rule;
- Discuss the implementation delay – reasons, what folks in industry say of it, et al;
- Possible impact on individual consumers;
- Impact of a continued delay
Sterling Perkinson, Partner
Kilpatrick Townsend & Stockton LLP
- Understanding the framework of the fiduciary rule and the related exemptions.
- Identifying who is a fiduciary and the consequences of fiduciary status.
- What plans and service providers need to do to comply with the fiduciary rule in the transition period.
- Potential changes for the fiduciary rule and related exemptions that may occur before full implementation.
Who Should Attend:
- Public and Private Companies
- Employment and Labor Law Attorneys
- Labor Counsel
- HR and Benefits Personnel
- Employers and Employees
- In-House Counsel
- Top Level Management
- Other Related/Interested Professionals
Sterling Perkinson focuses his practice on employee benefits and executive compensation. As part of this practice, Mr. Perkinson works with plan sponsors in the design and administration of 401(k), profit sharing and defined benefit pension plans. Mr. Perkinson also represents clients in connection with IRS and Department of Labor audits of qualified plans as well as voluntary correction programs. Mr. Perkinson regularly provides counsel and negotiates on behalf of clients with respect to employee benefits and executive compensation issues in connection with mergers, acquisitions, dispositions and other business transactions. Mr. Perkinson also advises plan sponsors, plan fiduciaries and investment management clients with respect to fiduciary and prohibited transaction rules for investing plan investments.
Sterling Perkinson focuses his practice on employee benefits and executive compensation. As part of this practice, Mr. Perkinson works with …
Denise M. Clark is the founding partner of Clark Law Group, PLLC in Washington, DC, where she practices employee benefits and employment law. For more than 20 years Ms. Clark has handled litigation involving benefit plans, fiduciaries and participants in connection with benefit claims and ERISA fiduciary responsibility. In recent years, Ms. Clark has handled numerous employment matters under state and federal laws. Ms. Clark’s practice focuses on ERISA long-term disability claim litigation, claims under the Americans with Disabilities Act, claims under the Family Medical Leave Act, retirement claims in the federal sector, executive compensation and severance arrangements.
Denise M. Clark is the founding partner of Clark Law Group, PLLC in Washington, DC, where she practices employee benefits …
Print and review course materials
Method of Presentation:
Experience in Labor Laws
NASBA Field of Study:
Business Law - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Kilpatrick Townsend & Stockton LLP
With more than 650 attorneys in 18 offices worldwide, Kilpatrick Townsend & Stockton LLP serves clients throughout the US and abroad, bringing expertise in intellectual property, litigation, and corporate transactional matters. Kilpatrick Townsend’s Employee Benefits & Executive Compensation lawyers work on behalf of clients throughout the United States and internationally in all areas of employee benefits, executive compensation and ERISA litigation. While the team focuses its work on large, sophisticated clients, the team represents 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 we support provides cutting-edge work that keeps us at the forefront of critical developments in our field.
About Clark Law Group
Clark Law Group, PLLC, is a small firm focused on litigation in the areas of employee benefits and employment law, representing individuals in connection with retirement, health and disability benefit claims, executive compensation, wage and hour and discrimination law. The firm is located in Washington, DC, but has a national practice in these areas.