Labor/Employment
May 10, 2011
Pension Advisors and Prison Wardens — the Reality Show
The government declares war on retirement fiduciaries who violate the law. By David McFarlane of Snell & Wilmer LLP and Samuel Krause.
Retirement fiduciaries could end up spending a long time in the slammer for certain breaches of federal law governing employee pension and benefit plans. As has been widely reported in the last few months, the U.S. Department of Labor's Assistant Secretary responsible for the administration of the Employee Retirement Income Security Act of 1974 (ERISA), has publicly suggested that the department, in conjunction with the U....
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