Key Considerations for Successful Remote Plan Governance

Level: Advanced
Runtime: 94 minutes
Recorded Date: October 27, 2020
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Agenda

        • Plan Governance and Its Benefits
          - Benefits
          - Focus
          - Litigation
          - Increase in Regulatory Enforcement
        • Plan Operations & Plan Governance
          - Plan Governance: Structure
          - Plan Governance: Oversight
          - ERISA Fiduciary Duties
          - Plan Governance: Process
          - Committee Selection & Roles
        - Service Provider Oversight
        • Q & A

Runtime: 1 hour, 34 minutes
Recorded: October 27, 2020

For NY - Difficulty Level: Experienced attorneys only (non-transitional)

Description

The COVID-19 pandemic is forcing organizations to dramatically shift and retool their governance structures to operate on a nearly remote basis – and this includes with respect to oversight of retirement, executive compensation, and health and welfare plans. But what does effective remote plan governance look like during and post-COVID? And how should plan sponsors, administrators and service providers be adapting documents, processes, and systems to appropriately operate their plans to accommodate remote working?

This panel will address these questions and provide key considerations and insights for plan sponsors, administrators and service providers looking to implement effective and flexible systems of remote plan governance.

This program was recorded on October 27th, 2020.

Provided By

American Bar Association

Panelists

Attila T. Toth

Co-Founder & Partner
Portfolio Evaluations, Inc.

Attila T. Toth is a Partner and Co-Founder of Portfolio Evaluations, Inc. He has over 30 years of consulting experience working with a broad range of clients. Attila’s responsibility is advising retirement plan committees of participant & trustee directed plans on all phases of their fiduciary responsibility. Attila is a member of the senior management team which oversees the firm’s strategic initiatives.

In 2004, Plan Sponsor Magazine awarded Attila the Most Successful Retirement Plan Advisor in the Mid-Atlantic. In 2010, Attila was once again nominated for PLANSPONSOR’s Retirement Plan Advisor of the Year. In 2008 and 2009, 401kwire recognized Attila as one of the 300 most influential advisors in defined contribution.

In 2010, Attila spearheaded the implementation of a program directed to teach elementary school children the importance of fiscal responsibility and saving at an early age. He is a current member of the Saint Joseph’s School Educational Council where he continues these efforts. Attila is also active in PEI’s outreach activities.

In 2013 and 2014, Attila was featured in PLANADVISER’s list of Top 100 Retirement Plan Advisers. This list consists of advisers and adviser teams competing for the annual PLANSPONSOR Retirement Plan Adviser and Adviser Team of the Year Awards.

Attila earned a BS in Business Administration from Saint Francis University. Attila is a member of the Plan Sponsor Council of America and the Society for Human Resource Management.

Kelly A. Geloneck

Senior Associate
Groom Law Group

Kelly A. Geloneck is a is a Senior Associate at Groom Law Group, Chartered, in Washington, DC. She advises clients on an array of federal tax and ERISA matters regarding employee benefits. Her practice encompasses qualified retirement plans, governmental plans, executive compensation, federal income and employment tax reporting, and ERISA plan litigation.

Prior to her legal career, Kelly was an associate with a large consulting firm in Los Angeles where she analyzed and developed executive compensation structures with a focus on long-term and deferred compensation arrangements.

Kevin L. Walsh

Principal
Groom Law Group

Kevin L. Walsh is a principal at Groom Law Group, Chartered in Washington, DC. He advises clients on a wide range of fiduciary matters and other issues involving benefit plans. His practice encompasses helping plan service providers comply with the Department of Labor’s fiduciary rules, working with them as they develop processes for and make investments, and helping them navigate the impact of Commodity Futures Trading Commission (CFTC), Office of Foreign Assets Control (OFAC), and SEC regulations.

Kevin counsels clients primarily on issues related to Title I of ERISA, but also works with clients on the intersection of ERISA and other federal statutes. He assists insurers in obtaining guidance from the Department of Labor, and helps plan fiduciaries structure investments. He has also worked with plan service providers to structure the distribution of proprietary products in a manner that complies with ERISA’s prohibited transaction provisions.

Kevin is also a member of Groom’s Policy and Legislation Group, where he leverages his deep legislative experience on behalf of clients by providing technical legislative drafting services and strategic advice on interacting with the legislative and executive branches.

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