ERIC has discussed with the Department of Labor and Key Congressional Staff the concept of deeming settlement amounts from 401(k) fee litigation as plan funds and not general assets. As such, the settlement amounts would be directed towards plan participants and beneficiaries and only reasonable fees to the plaintiff attorneys. The webinar will be led by Richard Shea and Michael Francese, both from Covington & Burling, who will develop a letter to the DOL that will focus on the legal reasoning behind why the DOL has the authority to issues this type of guidance. Please join this webinar to discuss this concept in greater detail and provide your comments/feedback.
To register for the call, click on the "Register Now" link at the top of this page (you will need your username and password to register).
If you are a prospective member and would like to participate in the call, please contact ERIC at 202-789-1400 or e-mail: email@example.com.
The presentation will be posted to this site on the morning of the call in the View Meeting Documents section.