"Preparing for the Coming Storm of 401(k) Fiduciary Liability"

October 15, 2009

7:30am-9:30am

Loyola College Graduate Center - Timonium Campus

2034 Greenspring Drive

Timonium, MD 21093

Directions

 

Speakers

“What Do You Mean I’m PERSONALLY Liable? A Primer on 401(k) Fiduciary Responsibility and Best Practices”

Joshua P. Itzoe, CFP®, AIF®, Principal, Greenspring Wealth Management and Author of Fixing the 401(k): What Fiduciaries Must Know (And Do) To Help Employees Retire Successfully

Being a retirement plan fiduciary is a difficult and complex responsibility – a role that carries with it personal liability that pierces the “corporate veil.” Unfortunately, most plan fiduciaries lack the training, knowledge and resources required to fulfill their legal duties, thereby exposing their organizations and themselves to significant risk. With heightened compliance enforcement by the IRS and Department of Labor and arbitration and litigation for fiduciary breaches running at an all-time high it is likely that complaints and lawsuits alleging plan mismanagement will continue to increase. This session will equip plan fiduciaries with a deeper understanding of ERISA’s fiduciary requirements, a broad perspective of the current legal and regulatory environment as well as practical steps they can take to effectively manage their responsibilities and minimize their risk.

 

"The 5 Ticking Time Bombs in a Fiduciary Liability Policy"

Thomas E. Carroll, President, Diversified Insurance Industries

Fiduciary liability is one of the most misunderstood risk exposures faced by employers. Unfortunately, fiduciary liability exposure and insurance is typically misunderstood and many plan decision makers fail to grasp the personal liability concept and thus, fail to find appropriate coverage.  This session will help plan fiduciaries understand the role of fiduciary liability insurance, debunk certain myths related to these types of policies, and ensure no gaps in coverage exist as well as what must be done to keep the policy in force in case a claim arises.

 

Schedule

7:30am - Registration

8:00am - Speakers

9:30am - Conclusion

 

Register

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