Retirement Plan Regulatory Update
Friday 8:00am – 9:00am
Employers face an unprecedented number of new rules to follow during the pandemic. Under the radar for many, the U.S. Dept. of Labor has issued several significant regulations impacting retirement plans. From your employee communications, to your investments, to your plan design, all aspects of retirement plan fiduciary duties are impacted. Join us as we navigate these changes, how to respond, and best practices. We will discuss: Technical Corrections and Amendments Relating to Fiduciary Investment Advice; Proposed Rules on Environmental, Social and Corporate Governing Investing; Final Rules on Safe Harbor for Electronic Disclosures; Proposed Rules on Private Equity Investments in 401k Plans; Covid-19 Related Guidance; Remaining 2020 Guidance
- Examination of the sweeping changes of the U.S. Department of Labor’s guidance and regulations impacting retirement plan sponsors
- Discussion of changes related to fiduciary investment advice, ESG investing, electronic disclosure, private equity, covid-19
- A look ahead to potential future changes
Sam serves as Director of Legislative and Regulatory Affairs for Lockton Retirement Services. He acts as a subject matter expert on ERISA compliance, DOL/IRS activities and the legislative landscape. In addition, Sam supervises compliance services for more than 1,000 Lockton retirement clients and 100 retirement Associates.
Prior to joining Lockton, Sam spent almost 10 years with the U.S. Department of Labor’s Employee Benefits Security Administration. While with the DOL, Sam was a senior investigator, conducting more than 100 civil and criminal investigations of employee benefits plans, service providers and fiduciaries. Sam supervised enforcement efforts for benefit plans funded by prevailing wage laws under the Service Contract Act and Davis-Bacon Act.
In his current role, Sam is able to leverage his past experiences to assist employers with reducing their fiduciary risks.