Presentation at the 2013 Conference of Consulting Actuaries
Laura Rosenberg presented "Section 04 – Dealing with Underfunded Plans: PBGC Issues" at the 2013 Conference of Consulting Actuaries in San Antonio, Texas. She discussed...
Submission to Department of Labor
Fiduciary Counselors submits comments to the Department of Labor regarding...
Appointment at the Request of the Department of Labor
At the request of the Department of Labor, the U.S. District Court Eastern District of Kentucky appointed Fiduciary Counselors as independent fiduciary and plan administrator for the...
Quoted in the Media: DOL Audits Might Catch Money Managers by Surprise
Managers overseeing firm's internal retirement funds largely unaware of new regulation.
Article: “The Role of the Independent Fiduciary in Litigation Settlements” by Stephen Caflisch
The Department of Labor has held that a transaction prohibited by ERISA section 406(a) will occur when a plan fiduciary causes a plan to release a claim against a person who is a party in interest at the time of the settlement. In the Department’s view, such a settlement involves ‘‘an exchange of property (a chose in action) between such [plan] and parties in interest as described in section 406(a)(1)(A).’’
Article: “An INHAM Audit Will Keep You Out Of Sticky Compliance Issues” by Laura Rosenberg & Ivan Strasfeld
A corporation’s own pension plan managed by the corporation’s in-house managers needs an independent audit in order to take advantage of the prohibited transaction relief provided by the INHAM class exemption. If the plan does not get a timely audit, the plan’s counterparties can owe lots of money.
Fiduciary Counselors Inc. Welcomes Ivan Strasfeld as Senior Advisor
Fiduciary Counselors Inc. services firm, is pleased to announce that Ivan Strasfeld has become a Senior Advisor to the firm. Previously, Mr. Strasfeld worked at the Department of Labor’s (“DOL”) Employee Benefits Security Administration for 24 years as the Director of the Office of Exemption Determinations.
Quoted in the Media: PBGC Enforcing Facility Closure Rule Despite Promise to Revise It, Speakers Say.
"The Pension Benefit Guaranty Corporation is stepping up its enforcement efforts on violations of Section 4062(e) of the Employee Retirement Income Security Act, speakers said during an actuarial conference March 28."
Quoted in the Media: Restructuring Experts Can Hold Pension Plans’ Future In Their Hands
"Restructuring experts can hold pension plans' future in their hands. Bankruptcy wave spurs greater corporate demand for pension specialists."