Fiduciary Operational Compliance Issues

Fiduciary issues are becoming more prevalent, and it is important that both plan sponsors and auditors understand prohibited transactions, ROBs and other common compliance issues. This session is designed for practitioners who work with, or on behalf of, someone who is a plan fiduciary to better identify fiduciary breaches and communicate fiduciary responsibilities, corrective approaches and best practices to plan sponsors. Participants will learn:

• The basics of the fiduciary obligations owed to plans
• The basics of the prohibited transaction rules, including the types of plans subject to prohibited transaction rules and the
• consequences for engaging in prohibited transactions
• Commonly seen fiduciary breaches and prohibited transactions