Fiduciary Issues, DOL Fiduciary Rules & Best Practices

Join Us at Andrei's

Thursday, May 16, 2024

8:00 am to 9:45 am

Program Highlights

• Summary of the final fiduciary rule that DOL published on 4/25/2024
• Best practices to minimize risk over plan investment options
• Service providers and fee issues
• Is participant data a plan asset?

Speakers

Richard Luna, Boutwell Fay, LLP

For almost 20 years, Richard Luna has advised employers of all sizes, including Fortune 500 companies and other public and private companies and start-ups on all aspects of ERISA compliance and the day-to-day operation and administration of employee benefit plans.

Rich has extensive experience designing plans, and drafting plan documents, amendments and summary plan descriptions to ensure employer plans are compliant with ERISA and the Internal Revenue Code. He has adeptly navigated complex fiduciary issues and prohibited transactions, ensuring clients remain compliant while optimizing their benefits strategies.

Before joining private practice, Rich held several roles at the Employee Benefits Security Administration of the U.S. Department of Labor (DOL), where he oversaw a team that investigated complex financial matters related to plan investments, fees, ESOPs, prohibited transactions, MEWAs and other benefit plans and negotiated corrections with fiduciaries. Additionally, his legal expertise spans ERISA, the IRC and more.

Reid Eanes, Lockton Financial Services

Reid is a Co-Managing Director of Lockton Financial Services (LFS), the National D&O and Governance Risk Management Group. Reid has oversight responsibilities for operations and client servicing for the Denver, Irvine, Los Angeles, Sacramento, Salt Lake City, San Francisco, San Diego, Scottsdale, and Seattle LFS teams.

For clients, he provides full contract analysis, coverage negotiation, claims advocacy, and alternative program design. Reid thrives when presented with complex risk needs. His expertise includes public and private companies, financial institutions, and healthcare risks, and he is well-versed in the financial and analytical review of companies from a risk management perspective.

In his operations role, Reid finds great joy in the human-element of this work. The recipient of great coaching in his own career, he takes pride in coaching young professionals to grow their industry expertise and business acumen. Lockton has led Reid to meaningful friendships and working partnerships. For Reid, a great day at work is one where he solves a client problem, learns something new, shares some knowledge, and enjoys a few good laughs. Reid is a regular public speaker on the topic of Executive Risk insurance and Governance Risk Management.

Continuing Education

• 2 CE for AIF (pending)
• 2 CECs for ERPA (pending)
• 2 CPEs for ASPPA certifications
• 2 CECs for NIPA certifications
• 2 hours for California CPAs 
• 1.5 hours of California MCLE
• 2 hours for Certified Financial Planners (pending)
• 2 CE for CRPS 
• 2 CE for CEBS

Doors open at 7:30 am for check-in, breakfast and networking.  Our program will begin at 8:00 am and this program will end at approximately 9:45 am.  The registration fee includes a full breakfast buffet and hosted valet parking.

• WP&BC Members can bring a guest for free!  This is a wonderful opportunity to introduce your peers and colleagues to our Chapter.  Remember, your guest should be a first-time visitor and potential member.   Look for the free guest offer when you register online
• The statements and materials presented at WP&BC Orange County Chapter events are solely the opinions of the speakers and do not represent the opinions or positions of WP&BC Orange County Chapter. In addition, WP&BC Orange County Chapter assumes no responsibility for the content or accuracy of the statements and materials presented by speakers at WP&BC Orange County Chapter events.