When engaged as an independent fiduciary, The Wagner Law Group formally assumes and acknowledges its role as an ERISA “fiduciary” to an ERISA-covered plan, and maintains ERISA fiduciary insurance specially written for this purpose.
The courts, the U.S. Department of Labor and private parties to ERISA-governed transactions have long recognized the importance of, and need for, an independent fiduciary to address conflicts; serve the applicable ERISA plan when other fiduciaries are unavailable; satisfy a condition of a prohibited transaction exemption; or simply add a level of independent review and protection for the ERISA plan and its participants.
The Wagner Law Group may assume the role of a plan administrator to an ERISA-covered plan when it is serving as independent fiduciary, allowing plans to continue to serve participants in the event the plan sponsor or other fiduciary is unable to serve or has a conflict of interest. The Wagner Law Group may assume other roles as the independent fiduciary as well, such as:
Serving as the independent fiduciary on behalf of a Taft-Hartley fund with regard to the purchase of real property and rendering of an Independent Fiduciary report to the Department of Labor as part of an application for a prohibited transaction exemption.
The Wagner Law Group has significant experience as an independent fiduciary in many other matters, including the following:
A sample of some of the specific retirement plans to which The Wagner Law Group has served as independent fiduciary include: