Los Angeles partner Summer Conley served as a panelist at a conference hosted by Ascendant Compliance Management, entitled, “The Expanding Compliance Universe: Advanced Perspectives and Practical Solutions.” The conference was held at the Hyatt Regency Scottsdale Resort in Scottsdale, Arizona.

Summer’s panel was entitled, “Earth to ERISA: Anyone Out There?” The panel discussed how, in April 2015, the Department of Labor re-proposed its fiduciary standard rule to expand the scope of parties who may be deemed fiduciaries under the Employee Retirement Income Security Act of 1974, as amended (ERISA). Topics covered included:

  • ERISA Basics: What is Required Under ERISA?
  • Who is a Fiduciary?
  • What is the 25% threshold? How can it impact non-ERISA clients?
  • Understanding Prohibited Transactions Exemptions
  • Fee Disclosure Under Rule 408(b)(2) and the Proposal for a Fee Disclosure Guide
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