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.

Source: NAPA Net