JANUARY 26, 2015
Laura Rosenberg and Ivan Strasfeld quoted in Pension & Investments article: “DOL feeling heat on QPAM exemptions“.
JULY 15, 2014
Laura Rosenberg served as a panelist on the July 15, 2014 In-House Benefits Counsel Network webinar discussing the Fifth Third Bancorp v. Dudenhoeffer Supreme Court decision. This decision pertains to fiduciaries managing employer stock funds.
“PTE 84-24 and Pension Plan Transactions Involving Insurance Agents or Brokers, Pension Consultants or Mutual Fund Principal Underwriters” by Laura Rosenberg and Ivan Strasfeld.
If an insurance agent or broker, pension consultant or mutual fund principal underwriter provides fiduciary investment advice to a plan fiduciary regarding the use of plan assets to purchase insurance or annuity contracts or investment company securities, and receives commissions in connection with the sales, the insurance agent, pension consultant, or mutual fund underwriter and the plan need to ensure that such transactions comply with the requirements of Prohibited Transaction Exemption 84-24 (“PTE 84-24”).
JUNE 6, 2014
Presentation at the 2014 Association of Insolvency and Restructuring Advisors’ (AIRA) 30th Annual Conference
Laura Rosenberg presented “Understanding Underfunded Pension Liabilities” and discussed how debtors may deal with pension liabilities in a chapter 11 filings during the “Un- and Under-Funded Pension Liabilities” Session.
OCTOBER 21, 2013
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… negotiating Early Warning Program cases, dealing with PBGC downsizing liabilities and 4062(e) , missed contributions and liens, distress and involuntary terminations, pension bankruptcy claims, and “trade or business” controlled group issues.
“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).
“An INHAM Audit Will Keep You Out Of Sticky Compliance Issues” by Laura Rosenberg and 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.
“A QPAM Audit Will Keep You Out Of Sticky Compliance Issues” by Laura Rosenberg and Ivan Strasfeld.
A financial institution’s own pension plan managed by the institution’s internal managers needs an independent audit in order to take advantage of the prohibited transaction relief provided by the QPAM class exemption.