We advise financial institutions, plan advisors and other fiduciaries, including plan sponsors, about governance structures, risk management and other ERISA fiduciary issues.
Additionally, we help many retirement plan advisors, including investment managers, trustees and custodians, to understand the scope and allocation of ERISA fiduciary duties and manage their fiduciary exposure under ERISA. We also work with clients who are (or could become subject to) ERISA's "plan asset" rules. When it is not practical for clients to avoid these requirements, we help ensure they are aware of and comply with all applicable fiduciary obligations.
Our benefits attorneys have a keen awareness and a wealth of knowledge of the Internal Revenue Code's and ERISA's prohibited transaction rules. We help our plan sponsor and fiduciary clients understand and comply with these rules or qualify for statutory and regulatory exemptions.