Joshua J. Waldbeser counsels plan sponsors and committees with respect to their fiduciary responsibilities under ERISA, as well as design and operational considerations for 401(k) plans, ESOPs and other defined contribution plans, cash balance and traditional defined benefit plans, and deferred compensation arrangements of all types. Josh also works extensively with insurance companies, investment advisors and funds, banks and trust companies, broker-dealers, record keepers, TPAs and other service providers with respect to ERISA, tax, securities and other compliance matters, including investment and fiduciary issues, as well as prohibited transactions and exemptions.
In addition, Josh works extensively with tax-exempt and governmental employers with respect to 403(b) and 457 plans, including special issues for governmental, hospital and church plans, as well as fiduciary and investment governance matters for plans and institutional asset pools such as foundations and endowment funds.
Josh is a contributor to Drinker Biddle’s Broker-Dealer Law Blog, which provides practical insights on litigation, regulatory, compliance and fiduciary issues impacting broker-dealers.
Josh is one of several Drinker Biddle attorneys who provides pro bono legal services through the City of Chicago Domestic Violence Legal Clinic, which assists abuse victims with obtaining orders or protection in court.
Prior to joining the firm in 2008, he worked for the U.S. Department of Labor, Employee Benefits Security Administration.
- Provides regular counsel and fiduciary training to a significant number of plan investment and administrative committees, with respect to their fiduciary duties and best practices for avoiding problems and lawsuits.
- Regularly represents plan sponsors, fiduciaries and financial services providers before the Department of Labor’s Employee Benefits Security Administration and the Internal Revenue Service with respect to investigations and audits of retirement and deferred compensation plans.
- Represents a variety of financial services providers, including insurance companies, broker-dealers, recordkeepers, mutual fund sponsors and registered investment advisers regarding ERISA, FINRA and tax issues, including complex prohibited transaction issues arising under the Department of Labor’s new fiduciary rule and otherwise.
- Assisted a large tax-exempt health care system with establishing a unitized series trust investment platform across a wide variety of asset classes, to allow its operating units and foundations to populate their own asset allocations across the series funds on an aggregated, cost effective basis.
- Works with fiduciaries and asset managers alike on the legal, regulatory and tax dimensions of alternative investments for ERISA plans and other institutional investment pools, including foundations and other tax-exempt entities.
- John Marshall Law School, LL.M., Employee Benefit Law, 2008, with honors
- John Marshall Law School, J.D., 2004, cum laude
- University of Illinois, B.A., 2000
- U.S. District Court, Northern District of Illinois
- Illinois Supreme Court