ERISA Plan Investment Committee Governance: Avoiding Breach of Fiduciary Duty Claims
Evaluating Fiduciary Risks and Avoiding Claims of Breaches by Investment Committee Members
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide ERISA counsel, in-house corporate counsel, and plan sponsor decisionmakers with the tools to structure and implement appropriate investment committee policies and procedures. Our multi-disciplinary panel will provide best practices for selecting and training investment committees.
Outline
- Importance of investment committee governance
- Investment committee best practices
- Vetting investment fiduciary committee risks
- Selecting investment committee members
- Conflicts of interest
- Training
- ERISA fiduciary liability insurance
- Avoiding breach of fiduciary duty claims
Benefits
The panel will review these and other key issues:
- What are the standards with which investment committees must comply?
- What should plan sponsors consider when selecting and training an investment committee?
- What are best practices to avoid breach of fiduciary duty allegations against plan investment committee members and to minimize their effect in the event such allegations are made?
- What is the role of the investment professional in assisting investment committees with the selection and monitoring of investment menus, benchmarking of service providers and their fees, and other responsibilities?
- What is the role of ERISA fiduciary liability insurance?
Faculty
Carol I. Buckmann
Partner
Cohen & Buckmann
Ms. Buckmann has advised global employers on U.S. and cross-border employee benefit matters for over 35 years.... | Read More
Ms. Buckmann has advised global employers on U.S. and cross-border employee benefit matters for over 35 years. She focuses her practice on employee benefits and ERISA, dealing with some of the foremost issues in ERISA, including pension plan compliance, fiduciary responsibilities and investment fund formation. She has significant experience with complex pension law and fiduciary problems.
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Gretchen Harders
Partner
Cohen & Buckmann
Ms. Harders represents a varied list of clients, including financial service companies, entertainment industry clients,... | Read More
Ms. Harders represents a varied list of clients, including financial service companies, entertainment industry clients, and tax-exempt organizations, and also actively represents individual executives in executive compensation matters. She also advises multinational employers on designing and implementing equity-based compensation packages to incentivize top-level executive. Ms. Harders is a frequent speaker on various employee benefits issues and developments. She authors articles on timely ERISA and employee benefits law topics.
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Sharon Remmer
Partner
Ropes & Gray
Ms. Remmer is a partner in the employee benefits department and focuses on ERISA matters. With more than 20 years of... | Read More
Ms. Remmer is a partner in the employee benefits department and focuses on ERISA matters. With more than 20 years of experience, she advises clients across the asset management and private equity industries on ERISA issues that arise whenever a transaction involves plans or plan assets. Ms. Remmer works with private funds, hedge funds and credit funds on complex issues associated with the investment of plan assets under Title I of ERISA. Her experience ranges from structuring and administering funds to avoid holding plan assets, to advising managers on how to operate funds with plan assets in accordance with ERISA. Ms. Remmer has long been a trusted adviser to plan sponsor clients on all aspects of their fiduciary responsibilities under ERISA, including plan governance, ERISA fiduciary best practices, and the ever-changing regulatory environment regarding ESG. In addition, she works with private equity and other clients to address significant ERISA liabilities in transactions, with an emphasis on finding creative solutions for complex issues that might affect the deal. She also works with many hospitals and universities on employee benefits matters that are unique to tax-exempt institutions, including issues relating to 403(b), 457(b) and 457(f) plans.
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