ERISA uses a prescriptive framework to protect plan participants and beneficiaries. Not only does ERISA impose a fiduciary status on many individuals associated with plans, but it also contains broad prohibited transaction rules.
This webcast will focus on those prohibited transaction rules. In addition to understanding the different situations where prohibited transactions arise, it will explore the differences between 406(a) prohibited transactions and 406(b) prohibited transactions and the different exemption strategies that are typically used.
Finally, we will cover the current status of DOL’s “Best Interest Contract Exemption” and any new prohibited transaction exemption regulatory developments.
- Identify common prohibited transactions
- Navigate framework for analyzing transactions between a plan and a party in interest versus transactions between a plan and a fiduciary
- Explore most commonly used exemptions
Speaker: Kevin Walsh, Esq., Associate, Groom Law Group
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