American Bar Association American Bar Association

ERISA Related Party Transactions & Fiduciary Conflicts: Prohibited Transaction Exemptions

SPONSORS: The Sections of Business Law; Health Law; Labor and Employment Law; Real Property, Trust and Estate Law; Taxation; Tort Trial and Insurance Practice; and the American College of Employee Benefits Counsel

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Untitled Document

A 90-minute TeleConference
THURSDAY, December 6, 2012

1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT

Tiffany N. Santos, Trucker Huss PC, San Francisco, CA

Donald J. Myers, Morgan Lewis & Bockius LLP, Washington, DC
Ivan Strasfeld, Former Director of the Office of Exemption Determination, Employee Benefits Security Administration, U.S. Department of Labor, Washington, DC
Michael B. Richman, Morgan Lewis & Bockius LLP, Washington, DC

One of the hallmarks of ERISA is the symbiotic co-existence of harsh prohibitions against related party transactions and fiduciary conflicts of interest coupled with an array of exceptions or exemptions tempering the harshness of those prohibitions. In many respects a better understanding of normal plan administration and investment practices can be gained by examining those exemptions rather than the underlying prohibitions. The program will review the major prohibited transaction exemptions that facilitate day-to-day plan administrative and investment operations. Topics will include:

  • ERISA’s prohibited transactions
  • Overview of the role statutory and class exemptions play in facilitating normal, non-abusive plan administration, funding and investing practices
  • Description of the major statutory and class exemptions that serve this role
  • Description of typical safeguards incorporated in both class and individual exemptions

This program continues the JCEB Fiduciary Training Series. Fiduciary training plays a proven role in demonstrating fiduciaries are prepared to fulfill their ERISA duties and that they follow prudent procedures in their deliberations. Watch for future programs in this series.

***Please make checks payable to ABA-JCEB and mail to 740 15th Street, N.W., Washington, DC 20005***

ERISA Related Party Transactions & Fiduciary Conflicts: Prohibited Transaction Exemptions
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