Outsourcing Fiduciary Responsibility: Know Your Options

Worldwide Employee Benefits Network [WEB]

As a result of Increased litigation and audit activity, plan sponsors need to protect themselves from personal liability by fulfilling their fiduciary responsibilities effectively.  What are sponsors without the required expertise or time to devote to their plans to do? This program will discuss the increasingly popular outsourcing options available to plan sponsors who want to hire professionals to take over their responsibilities, and the limits, advantages and disadvantages of these options. 

Join us to hear our speakers, David Olstein, Partner, Hogan Lovells US LLP; Bill Ryan, CEO, President and Chief Fiduciary Officer, Newport Trust Company, LLC; and Ryan Gardner, Managing Director and Head of Defined Contribution, Fiducient Advisors, explain alternatives for delegating fiduciary responsibilities to outside experts.  

Our panel will address:

• What 3(16) administrators do, and why your recordkeeper doesn’t provide the same protection 
• The difference between 3(21) and 3(38) investment fiduciaries
• Reasons for hiring an independent fiduciary  
• Issues to watch out for when negotiating service agreements 
• The limits of delegation options and your remaining responsibilities 

Program Speakers: 

• David Olstein, Partner, Hogan Lovells US LLP
• Bill Ryan, CEO, President, and Chief Fiduciary Officer, Newport Trust Company, LLC
• Ryan Gardner, Managing Partner and Head of Defined Contribution, Fiducient Advisors

More Information, How to Register