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Sponsored by Lorman Education
Product ID: 404570EAU
 
Credit & Course Provided by:

Fiduciary Protection for Default Investments in 401(k) and Other Retirement Plans

OnDemand Webinar (84 minutes)

Review basic fiduciary standards and duties, and how ERISA Section 404(c) may relieve fiduciaries of these duties for a participant's directed investment.Most 401(k) and other defined contribution retirement plans allow participants to choose their own investments. When plan fiduciaries allow participants to choose their own investments, the fiduciaries are protected from liability if certain conditions are met. Notwithstanding, in some cases, participants do not take advantage of the opportunity to choose their own investments. The plan fiduciaries are then forced to choose an investment, thus reviving the potential liabilities associated with allegations that the choice was imprudent and resulted in losses in the form of actual investment losses, as well as fees. Many fiduciaries do not understand that they are even making those choices and incurring potential liabilities. There are regulations that provide fiduciaries with protections when they are forced to choose a participant's investments by default. This information will assist fiduciaries in taking advantage of and attaining those protections.

Authors

John C. Hughes, Hawley Troxell LLP

Agenda

Fiduciary Paradigm

• Who Is a Fiduciary?

• Fiduciary Duties and Standard of Care

• Fiduciary Breaches and Consequences

Default Investments

• Choosing Investments

• Section 404(c)

• Default Investments

• Potential Protections

Other Fiduciary Developments and Issues for Attention, Awareness, and Action

• Fee Disclosure

• Class Action Update

• Lost Participants

• Mapping and Blackout Notices

• Electronic Delivery

Additional Formats

Audio & Reference ManualMore Info
MP3 DownloadMore Info