By Fred Reish, Bruce Ashton, Joan Neri and Joshua Waldbeser
Los Angeles partners Fred Reish and Bruce Ashton, Florham Park counsel Joan Neri and Chicago associate Joshua Waldbeser co-authored “Helping Your Plan Sponsor Clients Avoid Prohibited Transactions” in NAPA Net.
The article discusses how advisors have an opportunity to add significant value by helping plan sponsor clients develop a prudent 408(b)(2)disclosure review process.
They note that a failure to properly evaluate 408(b)(2) disclosures causes the plan sponsor to become a party to a prohibited transaction. The article provides a systematic approach that advisers can employ to assist plan sponsor clients in fulfilling their fiduciary obligation and avoiding a prohibited transaction.
To view the entire article in NAPA Net, please click here.