The fiduciary standards and prohibited transaction rules of Title I of ERISA have become extraordinarily complicated, for both plan sponsors and all service providers. The Wagner Law Group’s Fiduciary Compliance practice group works with clients to maintain compliance with ERISA fiduciary standards as well as the prohibited transaction rules. Our clients include retirement plan sponsors and trustees, financial institutions, registered investment advisers, broker-dealers, collective investment funds, mutual fund complexes and private funds.
Addressing ERISA fiduciary and transactional issues often requires our lawyers to coordinate with other practice groups within the firm, such as Investment Management Law and Litigation, in order to provide integrated, complete and effective legal advice and solutions.
Recent successes of our Fiduciary Compliance team include the negotiation of a settlement agreement with the Regional Solicitor of the Department of Labor, in a MEWA case involving misuse of plan assets and other significant fiduciary violations.
Plans: Our lawyers work with plan sponsors and other plan fiduciaries to address matters of corporate governance, plan administration, reporting and disclosure, plan investments, and specialized issues involving employer securities or employer real property.
Specific matters may include:
Financial Institutions: The Fiduciary Compliance practice group has a national client base of registered investment advisers, broker-dealers, insurance companies, banks, private funds, and other financial service providers that offer a complex suite of investment products and services to both ERISA and non-ERISA retirement plans, as well as governmental plans and IRAs, at both the retail and institutional level. The bundling of these various service and investment product offerings may also require appropriate interaction with our Investment Management Law practice group. Specific areas that may often trigger ERISA fiduciary concerns include: