ERISA Prohibited Transactions and Exemptions: Statutory, Class, and Individual Exemption Rules - Current Issues and Challenges
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will provide ERISA counsel guidance on the prohibited transactions rules and available exemptions under ERISA, with an emphasis on common application of these rules. The panel will discuss critical provisions under ERISA and the Internal Revenue Code (IRC), applicable rules and procedures for statutory, class, and individual exemptions, fiduciary liability, and other critical issues for using prohibited transactions exemptions under ERISA.
Outline
- Key ERISA and Internal Revenue Code provisions, including common prohibited transactions such as late deposits, hiring a service provider, or sale of real property
- Statutory exemptions (such as the new fee disclosure rules for health plans)
- Class exemptions
- Individual exemptions
- Fiduciary liability
- Best practices for using and obtaining prohibited transaction exemptions
Benefits
The panel will discuss these and other key issues:
- What are the critical provisions under ERISA and the Internal Revenue Code regarding prohibited transactions?
- How to comply with ERISA prohibited transaction requirements and how to correct a prohibited transaction if these requirements are not met
- What type of exemptions are available, and what are the rules and procedural requirements?
- What are the fiduciary rules and methods to avoid or minimize liability?
- What are the steps to obtain a prohibited transaction exemption?
Faculty
Sherrie Boutwell
Partner
Boutwell Fay
For over thirty years, Ms. Boutwell has focused her entire law practice and ongoing education on finding solutions in... | Read More
For over thirty years, Ms. Boutwell has focused her entire law practice and ongoing education on finding solutions in this ever-changing and complex area of today’s employee benefit challenges. She enjoys unraveling the mysteries of ERISA with her clients with a clear focus on truly understanding each client’s issues while carefully and clearly defining the best options for each situation.
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José M. Jara
Counsel
Fox Rothschild
Mr. Jara has over 20 years of ERISA and employee benefits experience, ranging from governmental compliance, fiduciary... | Read More
Mr. Jara has over 20 years of ERISA and employee benefits experience, ranging from governmental compliance, fiduciary liability insurance, to the application of ERISA’s fiduciary standards and prohibited transaction provisions. Mr. Jara has extensive experience resolving issues for corporate plan sponsors and multiemployer plans before the U.S. Department of Labor, where he was formerly a senior pension law specialist and investigator.
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