Bruce L. Ashton

Partner

Los Angeles

(310) 203-4048 phone
(310) 229-1285 fax

Bruce L. Ashton is a partner in the firm's Employee Benefits & Executive Compensation Practice Group. With more than 35 years of practice, Bruce has gained wide experience representing businesses in sophisticated business transactions and employee benefits matters. Bruce's practice focuses on all aspects of employee benefits issues, including representing public and private sector plans and their sponsors, negotiating the resolution of plan qualification issues under IRS remedial correction programs, advising and defending fiduciaries on their obligations and liabilities, structuring qualified plans, non-qualified deferred compensation arrangements and health care arrangements, and representing plan service providers (including RIAs, independent record-keepers, third party administrators, broker-dealers and insurance companies) in fulfilling their obligations under ERISA. Combining his employee benefits and transactional expertise, Bruce is also active in the installation and funding of employee stock ownership plans (ESOPs).

Bruce served as president of the American Society of Pension Professionals and Actuaries (ASPPA) for the 2003-2004 term. From 1998 through 2002, he served as the co-chair of ASPPA’s Government Affairs Committee and was a member of its board of directors from 1997 to 2007. He was a member of the Board of Directors of the American Academy of Actuaries during 2003-2004, was the president of the Western Pension & Benefits Conference Los Angeles Chapter from 2008-2009, and has served as a member of the leadership counsel of the National Tax Sheltered Accounts Association (NTSAA).

He has been recognized as one of “The Best Lawyers in America” and as a “Super Lawyer” in Southern California. Bruce is listed in the California edition of Who’s Who Legal and has been recognized by 401kWire as one of the Most Influential People in the 401(k) Industry.  Bruce was the 2011 winner of the ASPPA Harry T. Eidson Founder's Award in recognition of his contributions to the retirement plan industry.

Bruce has co-authored four books on employee benefits issues and a quarterly column in the Journal of Pension Benefits on IRS remedial programs, and is a frequent contributor to various tax and pension publications, including Journal of Taxation, CCH Pension Plan Guide, Journal of Pension Benefits and The ASPPA Journal. He is a frequent speaker on employee benefits issues ranging from fiduciary responsibility to ESOPs. Bruce is a regularly featured speaker at conferences of ASPPA, the Western Pension & Benefits Conference and various other organizations.

In General. Bruce earned his J.D. from Southern Methodist University, where he was a member of the Order of the Coif, Phi Alpha Delta and a Roy R. Ray Scholar. He was a recipient of the Johnson, Bromberg, Leeds & Riggs Award, and the Arthur Stedley Hansen Consulting Actuaries of Dallas Award. He was a member (1968-1970), note and comment editor (1969-1970), and acting index editor (1970) of the Journal of Air Law & Commerce. He received his B.A. from Rice University.

Publications

05/24/2013
NAPA Net
Helping Your Plan Sponsor Clients Avoid Prohibited Transactions
05/13/2013
Client Alert
Retirement Income Team Newsletter
04/15/2013
NAPA April 2013 Newsletter
ERISA 408(b)(2) After Effects: Form 5500 Filings
04/03/2013
April 2013 Edition
Plan Sponsor Newsletter
03/13/2013
Drinker Biddle White Paper
Lincoln Secured Retirement Income(SM) Solution: Addressing Participant Retirement Income Risks
02/26/2013
Drinker Biddle White Paper
The Benefits of Mandatory Distributions
02/14/2013
Client Bulletin
Providing Guaranteed Lifetime Income Benefits: Managing Fiduciary Responsibility
01/31/2013
Client Alert
Retirement Income Team Newsletter
01/23/2013
Plan Consultant
Participant Disclosure Regulations: Challenges for Recordkeepers
01/09/2013
Client Bulletin
Individual Brokerage Accounts: What Plan Sponsors Must Disclose to Participants
11/12/2012
TD Ameritrade White Paper
Fiduciary Considerations in Offering a Brokerage Window
11/01/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Newsletter for Retirement Plan Service Providers
10/29/2012
Client Alert
Retirement Income Team Newsletter
10/19/2012
Client Alert
IRS Announces 2013 Dollar Limitations for Employee Benefit Plans
10/03/2012
Journal of Pension Benefits
“Open” Multiple Employer Plans After Advisory Opinion 2012-04A: An Assessment
10/03/2012
Journal of Pension Benefits
ERISA Compliance Issues for Plan Providers: The DOL Consultant/Adviser Project
07/31/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Newsletter for Retirement Service Providers
07/11/2012
Plan Consultant
Full Disclosure: The Impact of the Final 408(b)(2) Regulation on TPAs
07/10/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Service Provider Disclosures: What Plan Sponsors Need to Do Now
05/29/2012
Client Bulletin
The Final 408(b)(2) Regulation: Impact on Broker-Dealers
05/10/2012
Investment Management Bulletin
The Final 408(b)(2) Regulation: Impact on Investment Managers
05/01/2012
White Paper
Lifetime Income in Defined Contribution Plans: A Fiduciary Approach
04/01/2012
Institutional Retirement Income Council
The Problem With Spending Too Fast: Retirement Savings Withdrawal Rates
02/14/2012
Client Bulletin
The Final 408(b)(2) Regulation: Impact on RIAs
02/03/2012
Employee Benefits & Executive Compensation Alert
Finally the Final … 408(b)(2) Regulation
01/01/2012
Sparks Journal
408(b)(2) and the Rise of Benchmarking
12/14/2011
Daily Journal
Minimizing Risks for Charity Board Members
12/08/2011
Employee Benefits & Executive Compensation Alert
Fiduciary Investment Advice for Participants
10/20/2011
Investment Management Insights
DOL Investigations: Broker-Dealers and RIAs as Targets
10/05/2011
Employee Benefits & Executive Compensation Bulletin
Service Provider Disclosures: The Impact on Plan Sponsors
10/3/2011
Journal of Pension Benefits
Fiduciary Considerations for Insured Retirement Income Products: Guaranteed Withdrawal Benefits
9/30/2011
401k Safe
Open Multiple Employer Plans: Tax and ERISA Considerations
08/02/2011
Investment Management News
8/2/2011
J.P. Morgan Asset Management
Fiduciary implications: Using re-renrollment to improve target date fund adoption
07/20/2011
Financial Services ERISA Alert
Fee Disclosure Compliance Delayed
06/06/2011
Investment Management Alert
The DOL’s 408(b)(2) Regulation: Impact on Investment Managers
6/1/2011
Drinker Biddle
The Prudence Standard: Affiliated Products and Services
5/4/2011
Employee Benefits & Executive Compensation Bulletin
The Problem With Living Too Long
02/24/2011
Bulletin
Fiduciary Considerations for Insured Retirement Income Products: Focus on Guaranteed Withdrawal Benefits
02/01/2011
Bulletin
The Impact of 408(b)(2) on Service Providers
9/1/2010
Employee Benefits & Executive Compensation Alert
The DOL’s 408(b)(2) Regulation: Impact on Broker-Dealers and Registered Representatives
9/1/2010
Plan Sponsor
Theories and Realities: Target-Date Funds and Modern Portfolio Theory
08/01/2010
The DOL’s 408(B)(2) Regulation: Impact On Registered Investment Advisers (RIAs)
12/1/2009
Report To Plan Sponsors
Addressing 403(b) Plan Issues
12/1/2009
Bulletin
Brokers As Fiduciaries: The Reality and the Issues
12/1/2008
Bulletin
Department of Labor Focuses on Revenue PracticesWhat Are Your Fiduciary Duties Regarding Revenue-Sharing Arrangements?
10/1/2008
Bulletin
Disclosure of Service Provider Compensation: Final 408(b)(2) Regulation Will be Issued Soon
5/1/2008
The Adviser Report
Advisor Do’s and Don’ts
3/1/2008
The ERISA Audit Report
IRS 412(i) Audit Initiative: Are All the Plans Bad?
2/1/2008
The Report to Plan Sponsor
Dealing with Back-End Charges in Service Agreements
2/1/2008
The Report to Plan Sponsor
Limitation on Liability in Service Provider Agreements
12/1/2007
The Adviser Report
Advisor Do’s and Don’ts
12/1/2007
The Adviser Report
An Interesting Question: Investment Managers and IRAs
11/1/2005
Government & Tax Exempt Plans Report
Government Retirement Plans: What You Don't Know Can Hurt You
1/1/2005
Journal of Pension Benefits
Fiduciary Rules Applicable to (b) Plans

Speaking Engagements

11/01/2012
Financial Services Institute
ERISA Disclosures: Questions Broker-Dealers Are Asking
10/29/2012
ASPPA Annual Conference
An Open MEP Followed Me Home...Can I Keep It?
10/11/2012
Drinker Biddle Webcast
What Plan Committees Must Do With 408(b)(2) Disclosures
09/25/2012
Drinker Biddle Event
Change Happens: Plan Sponsor Update
06/26/2012
IRI 2012 Government, Legal & Regulatory Conference
Product Developments: Legal and Regulatory Challenges
01/17/2012
NAPA Webcast
Are You Being Targeted by the DOL?
10/17/2011
Center for Due Diligence 2011 Advisor Conference
A Model Investment Advisory Agreement for the New ERA” and “Advisory Fees & Multiple Hats in the Same Plan
05/13/2011
Soltis Investment Advisors
ERISA Responsibilities: Fee Disclosure and Other Good Stuff
04/28/2011
Employee Benefits Webinar
Income Replacement Solutions are Coming: Are You Ready?
01/13/2011
Los Angeles Benefits Conference
Fiduciary Fallout: Educating Clients on Fiduciary Duties and Protecting Yourself
05/24/2013
NAPA Net
Helping Your Plan Sponsor Clients Avoid Prohibited Transactions
05/13/2013
Client Alert
Retirement Income Team Newsletter
04/15/2013
NAPA April 2013 Newsletter
ERISA 408(b)(2) After Effects: Form 5500 Filings
04/03/2013
April 2013 Edition
Plan Sponsor Newsletter
03/13/2013
Drinker Biddle White Paper
Lincoln Secured Retirement Income(SM) Solution: Addressing Participant Retirement Income Risks
02/26/2013
Drinker Biddle White Paper
The Benefits of Mandatory Distributions
02/14/2013
Client Bulletin
Providing Guaranteed Lifetime Income Benefits: Managing Fiduciary Responsibility
01/31/2013
Client Alert
Retirement Income Team Newsletter
01/23/2013
Plan Consultant
Participant Disclosure Regulations: Challenges for Recordkeepers
01/09/2013
Client Bulletin
Individual Brokerage Accounts: What Plan Sponsors Must Disclose to Participants
11/12/2012
TD Ameritrade White Paper
Fiduciary Considerations in Offering a Brokerage Window
11/01/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Newsletter for Retirement Plan Service Providers
10/29/2012
Client Alert
Retirement Income Team Newsletter
10/19/2012
Client Alert
IRS Announces 2013 Dollar Limitations for Employee Benefit Plans
10/03/2012
Journal of Pension Benefits
“Open” Multiple Employer Plans After Advisory Opinion 2012-04A: An Assessment
10/03/2012
Journal of Pension Benefits
ERISA Compliance Issues for Plan Providers: The DOL Consultant/Adviser Project
07/31/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Newsletter for Retirement Service Providers
07/11/2012
Plan Consultant
Full Disclosure: The Impact of the Final 408(b)(2) Regulation on TPAs
07/10/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Service Provider Disclosures: What Plan Sponsors Need to Do Now
05/29/2012
Client Bulletin
The Final 408(b)(2) Regulation: Impact on Broker-Dealers
05/10/2012
Investment Management Bulletin
The Final 408(b)(2) Regulation: Impact on Investment Managers
05/01/2012
White Paper
Lifetime Income in Defined Contribution Plans: A Fiduciary Approach
04/01/2012
Institutional Retirement Income Council
The Problem With Spending Too Fast: Retirement Savings Withdrawal Rates
02/14/2012
Client Bulletin
The Final 408(b)(2) Regulation: Impact on RIAs
02/03/2012
Employee Benefits & Executive Compensation Alert
Finally the Final … 408(b)(2) Regulation
01/01/2012
Sparks Journal
408(b)(2) and the Rise of Benchmarking
12/14/2011
Daily Journal
Minimizing Risks for Charity Board Members
12/08/2011
Employee Benefits & Executive Compensation Alert
Fiduciary Investment Advice for Participants
10/20/2011
Investment Management Insights
DOL Investigations: Broker-Dealers and RIAs as Targets
10/05/2011
Employee Benefits & Executive Compensation Bulletin
Service Provider Disclosures: The Impact on Plan Sponsors
10/3/2011
Journal of Pension Benefits
Fiduciary Considerations for Insured Retirement Income Products: Guaranteed Withdrawal Benefits
9/30/2011
401k Safe
Open Multiple Employer Plans: Tax and ERISA Considerations
08/02/2011
Investment Management News
8/2/2011
J.P. Morgan Asset Management
Fiduciary implications: Using re-renrollment to improve target date fund adoption
07/20/2011
Financial Services ERISA Alert
Fee Disclosure Compliance Delayed
06/06/2011
Investment Management Alert
The DOL’s 408(b)(2) Regulation: Impact on Investment Managers
6/1/2011
Drinker Biddle
The Prudence Standard: Affiliated Products and Services
5/4/2011
Employee Benefits & Executive Compensation Bulletin
The Problem With Living Too Long
02/24/2011
Bulletin
Fiduciary Considerations for Insured Retirement Income Products: Focus on Guaranteed Withdrawal Benefits
02/01/2011
Bulletin
The Impact of 408(b)(2) on Service Providers
9/1/2010
Employee Benefits & Executive Compensation Alert
The DOL’s 408(b)(2) Regulation: Impact on Broker-Dealers and Registered Representatives
9/1/2010
Plan Sponsor
Theories and Realities: Target-Date Funds and Modern Portfolio Theory
08/01/2010
The DOL’s 408(B)(2) Regulation: Impact On Registered Investment Advisers (RIAs)
12/1/2009
Report To Plan Sponsors
Addressing 403(b) Plan Issues
12/1/2009
Bulletin
Brokers As Fiduciaries: The Reality and the Issues
12/1/2008
Bulletin
Department of Labor Focuses on Revenue PracticesWhat Are Your Fiduciary Duties Regarding Revenue-Sharing Arrangements?
10/1/2008
Bulletin
Disclosure of Service Provider Compensation: Final 408(b)(2) Regulation Will be Issued Soon
5/1/2008
The Adviser Report
Advisor Do’s and Don’ts
3/1/2008
The ERISA Audit Report
IRS 412(i) Audit Initiative: Are All the Plans Bad?
2/1/2008
The Report to Plan Sponsor
Dealing with Back-End Charges in Service Agreements
2/1/2008
The Report to Plan Sponsor
Limitation on Liability in Service Provider Agreements
12/1/2007
The Adviser Report
Advisor Do’s and Don’ts
12/1/2007
The Adviser Report
An Interesting Question: Investment Managers and IRAs
11/1/2005
Government & Tax Exempt Plans Report
Government Retirement Plans: What You Don't Know Can Hurt You
1/1/2005
Journal of Pension Benefits
Fiduciary Rules Applicable to (b) Plans