| Denali FM have an in-depth understanding of SOX implications and how they affect your fiduciary responsibilities. |
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| Jeff Mamorsky, of Greenberg Traurig LLP, is one of the original authors of ERISA Areas of Experience include: All aspects of employee benefits and compensation law Creator of Fiduciary Audit® Protection Program to assist plan sponsors avoid IRS and ERISA Liability Compliance with IRS' Employee Plans Compliance Resolution Program Representation of Plan Fiduciaries in Governmental and Adversarial Proceedings Protection of Plan Fiduciaries from ERISA and IRS Liability, including review and analysis of appropriate fiduciary and IRS liability insurance coverage |
| Today’s Retirement Plan Environment Leaves Much for Concern |
| As a result of corporate and accounting scandals, CEO abuses, mutual fund scandals and fiduciary litigation on the nondisclosure of insider trading and hidden expense loads, employees have lost confidence in their employer’s ability to provide for retirement benefits
Recent bad press and a multitude of pension plan failures have heightened these concerns. For example, a November 12, 2002 New York Times front page article blames the demise of almost all the 150 pension plans that failed in the past year on the “gaming” of pension assumptions by corporate plan sponsors and their actuarial consulting firms that have resulted in inadequate plan contributions... |
| IRS Makes It Easier to Avoid Monetary Sanctions If the Plan Sponsor Has Established Internal Control Procedures |
| In its latest guidance on the Employee Plans Compliance Resolution System ("EPCRS"), the IRS makes it easier for employer plan sponsors and trustees (in the case of multiemployer plans) to self-correct operational errors that occur in the administration of their plans and avoid payment of IRS monetary sanctions provided that they have established internal control procedures to ensure that the plan is operated properly (Revenue Procedure 2003-44, released June 5, 2003). EPCRS is a comprehensive system of correction programs established by the IRS for employers and trustees who sponsor retirement plans to identify and correct operational errors so that their plans can continue to provide retirement benefits on a tax-favored basis... |
| New DOL Guidance On Plan Related Expenses: The DOL Takes a Drastic Change From Its Prior Position |
| Reversing a ten year old policy, the U.S. Department of Labor’s Employee Benefits Security Administration ("EBSA") has issued dramatic new guidance on the allocation of expenses in defined contribution plans (Field Assistance Bulletin ("FAB") 2003-3, May 19, 2003). In general, FAB 2003-3 provides that plan sponsors and fiduciaries have considerable discretion in determining whether plan expenses will be paid from the plan itself or by the plan sponsor or administrator. In addition, there appears to be broad discretion on how those expenses will be paid from the plan if the fiduciaries or plan sponsor determine payment will be made using plan assets (e.g., allocated among the participants and beneficiaries, on a pro rata basis, a per capita basis or through the utilization of some other methodology) |
| Breaking News For the latest information from the fiduciary front. |
| The 10 Biggest Fiduciary Challenges: The most common challenges in Fiduciary Governance. |
| Fiduciary Governance Training: A training course that provides solutions to the 10 Biggest Fiduciary Challenges. |
| FEI The largest organization of financial officers in the world. |
| Sarbanes-Oxley Public CompanyAccounting Reform and Investor Protection Act. |
| The Impact of Sarbanes- Oxley: Discussion and Analysis with Jeff Mamorsky of Greenberg Traurig LLP. |
| Questions & Answers For CEOs & CFOs. |
| Questions & Answers For HR Professionals. |
| Questions & Answers For Legal Counsel. |
| Questions & Answers For Plan Participants. |
| Questions & Answers For Registered Investment Advisors. |
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