Sign up to save your podcasts
Or
Share Season 4, Episode 12: Forfeitures, Meeting Minutes & More
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Season 4, Episode 12: Forfeitures, Meeting Minutes & More
In a “live” version of the Nevin & Fred podcast at the
Strategic Retirement Partners (SRP) annual conference, Nevin & Fred (& Bonnie Treichel & Tom Clark) covered recent litigation trends—and more!
In recent months, the plaintiffs’ bar has “discovered” a new litigation target: the use of forfeitures to offset employer contributions, rather than to offset plan fees
or to reallocate them to the remaining participants in the plan. The expanded expert podcast panel reviews the
current status, the trend(s), and what plan fiduciaries can/should do about it.
And—on a related topic—what should/shouldn’t be included in committee meeting minutes!
Episode Resources
What Expenses Can Be Paid from Plan Assets? https://www.asppa-net.org/news/2018/10/what-expenses-can-be-paid-plan-assets/
7 Steps To Reduce Fiduciary Exposure https://www.napa-net.org/news/2019/2/7-steps-reduce-fiduciary-exposure/
New Fiduciary Suits, TDF Demographics and a Prudent Process
Primer https://www.napa-net.org/news/2024/4/new-fiduciary-suits-tdf-demographics-and-prudent-process-primer/
Litigation Landscape Some 'Wins,' Some Losses and a New
Litigation Target https://www.napa-net.org/news/2023/11/litigation-landscapesome-wins-some-losses-and-new-litigation-target/
DOL Successfully Sues Employer for Misuse of Forfeitures https://www.napa-net.org/news/2024/1/dol-successfully-sues-employer-misuse-forfeitures/
Limiting Fiduciary Liability (Costs) https://www.napa-net.org/news/2021/8/limiting-fiduciary-liability-costs/
IRS Proposes Regs to Clarify Timing and Use of Forfeitures https://www.napa-net.org/news/2023/2/irs-proposes-regs-clarify-timing-and-use-forfeitures/
Expert Opinions https://www.napa-net.org/news/2019/2/expert-opinions/
The forfeiture suits to date. https://www.napa-net.org/header/search/?q=forfeitures
ERISA Advisory Council testimony by:
Bonnie Treichel - https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/about-us/erisa-advisory-council/2024-qdia-treichel-written-statement-07-10.pdf
Tom Clark: https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/about-us/erisa-advisory-council/2024-qdia-clark-written-statement-07-10.pdf
View all episodes
By Nevin Adams
4.9
1717 ratings
In a “live” version of the Nevin & Fred podcast at the
Strategic Retirement Partners (SRP) annual conference, Nevin & Fred (& Bonnie Treichel & Tom Clark) covered recent litigation trends—and more!
In recent months, the plaintiffs’ bar has “discovered” a new litigation target: the use of forfeitures to offset employer contributions, rather than to offset plan fees
or to reallocate them to the remaining participants in the plan. The expanded expert podcast panel reviews the
current status, the trend(s), and what plan fiduciaries can/should do about it.
And—on a related topic—what should/shouldn’t be included in committee meeting minutes!
Episode Resources
What Expenses Can Be Paid from Plan Assets? https://www.asppa-net.org/news/2018/10/what-expenses-can-be-paid-plan-assets/
7 Steps To Reduce Fiduciary Exposure https://www.napa-net.org/news/2019/2/7-steps-reduce-fiduciary-exposure/
New Fiduciary Suits, TDF Demographics and a Prudent Process
Primer https://www.napa-net.org/news/2024/4/new-fiduciary-suits-tdf-demographics-and-prudent-process-primer/
Litigation Landscape Some 'Wins,' Some Losses and a New
Litigation Target https://www.napa-net.org/news/2023/11/litigation-landscapesome-wins-some-losses-and-new-litigation-target/
DOL Successfully Sues Employer for Misuse of Forfeitures https://www.napa-net.org/news/2024/1/dol-successfully-sues-employer-misuse-forfeitures/
Limiting Fiduciary Liability (Costs) https://www.napa-net.org/news/2021/8/limiting-fiduciary-liability-costs/
IRS Proposes Regs to Clarify Timing and Use of Forfeitures https://www.napa-net.org/news/2023/2/irs-proposes-regs-clarify-timing-and-use-forfeitures/
Expert Opinions https://www.napa-net.org/news/2019/2/expert-opinions/
The forfeiture suits to date. https://www.napa-net.org/header/search/?q=forfeitures
ERISA Advisory Council testimony by:
Bonnie Treichel - https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/about-us/erisa-advisory-council/2024-qdia-treichel-written-statement-07-10.pdf
Tom Clark: https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/about-us/erisa-advisory-council/2024-qdia-clark-written-statement-07-10.pdf
More shows like Nevin & Fred
View all
Revisionist History
59,009 Listeners
Capital Ideas Podcast
277 Listeners
The Perfect RIA
457 Listeners
The Bid
249 Listeners
The Compound and Friends
2,078 Listeners
The Long View
884 Listeners
The Journal.
5,948 Listeners
Retireholics
12 Listeners
All-In with Chamath, Jason, Sacks & Friedberg
9,307 Listeners
401(k) Specialist Podcast
23 Listeners
The 401(k) Marketing Podcast
3 Listeners
On The Tape with Danny Moses
156 Listeners
The Markets
69 Listeners
Be More Than A Fiduciary
21 Listeners
The Gap
4 Listeners