Conducting Effective Service Provider RFPs for ERISA Retirement and Health Plans
Crafting Comprehensive Proposals to Meet Fiduciary Duties and Avoid Litigation and DOL Audits
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will prepare in-house counsel and ERISA plan fiduciaries to conduct requests for proposals (RFPs) for retirement plan service providers. The panel will discuss when and how often plan fiduciaries should undertake an RFP process, outline the elements that make up a comprehensive and effective RFP, and offer practice pointers to meet ERISA fiduciary duties and achieve better outcomes for the company and plan participants.
Outline
- Overview of ERISA requirements and DOL guidance
- Elements of a thorough RFP questionnaire
- Interviewing service provider candidates
- Documenting the RFP process
Benefits
The panel will review these and other key issues:
- When and how often should plan fiduciaries undertake the RFP process?
- What essential questions should be included in the RFP questionnaire regarding a service provider's fees, the scope of services, and cybersecurity procedures?
- How can my company obtain enhanced contractual provisions in the agreements with our service providers?
Faculty
Andrew Douglass
Partner
Neal, Gerber & Eisenberg
Mr. Douglass is a partner in the Employee Benefits & Executive Compensation practice group. He advises public and... | Read More
Mr. Douglass is a partner in the Employee Benefits & Executive Compensation practice group. He advises public and private companies on plan design and administration, fiduciary responsibility, claims procedures, and disclosure requirements under ERISA, the Internal Revenue Code, and other laws. Mr. Douglass has extensive experience guiding them regarding the legal, financial, and administrative issues that affect qualified and nonqualified retirement plans, health and welfare plans, and other employee benefit arrangements, including issues that arise during mergers, acquisitions, and other business transactions. He has a multidimensional approach to advising clients because of his background with doing employee benefits work as an actuarial consultant for a large public accounting firm. Mr. Douglass counsels clients regarding joint venture, debt and equity, private equity, financing, and M&A transactions. He also advises them through audits and other proceedings before the Internal Revenue Service, the Department of Labor, and the Pension Benefit Guaranty Corporation.
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Roberta Casper Watson
Partner
The Wagner Law Group
Ms. Watson focuses on ERISA and employee benefits. She concentrates on a wide array of areas including, pension and... | Read More
Ms. Watson focuses on ERISA and employee benefits. She concentrates on a wide array of areas including, pension and profit sharing plans, health and welfare benefit plans, including COBRA, HIPAA and the Affordable Care Act, ERISA fiduciary decision-making, Employee Stock Ownership Plans, benefits litigation backup, benefits aspects of mergers and acquisitions, employee benefits aspects of family law, labor laws affecting employee benefits, other employee benefits and deferred Compensation, and employee benefit disputes and employee benefits claims.
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