ERISA/Employee Benefits attorney Rebecca Sczepanski presented as part of a half-day seminar on meeting fiduciary duties, reducing liabilities, and improving effectiveness of 401(k) and defined contribution plans. The event was held on May 29, 2014 at the Savannah Golf Club.
Rebecca, who is both a JD and a CPA, joined Julia Butler, JD, MBA, of The Fiduciary Group; Randall Webb, CPA, of TJS Deemer Dana LLP; and Rick Pummill, CLU, QPA, QKA, of The Retirement Plan Company to share insights for plan sponsors and administrators on meeting the key fiduciary duties of participant-directed 401(k) and other defined contribution plans. The panel was moderated by Rushe Hudzinski, MBA, GPHR, the HR director for the Effingham County Board of Commissioners.
Attendees heard presentations on:
- ERISA fiduciary definitions, legal issues, and updates on litigation and rulings related to plan management;
- Best practices for managing fiduciary duties for plan investments;
- The importance of plan documentation, participant communications, and using electronic delivery;
- Common pitfalls and deficiencies found in plan audits.
The group plans to present again in the future.