California ERISA Attorneys
The Employee Retirement Income Security Act of 1974 ("ERISA") is federal law regulated by the U.S. Department of Labor. ERISA is designed to protect the assets placed in retirement plans so that funds will be there upon retirement. To meet that objective, ERISA sets forth regulatory standards for pensions and retirement plans by setting forth fiduciary responsibilities for those money managers and other service providers that plan and manage assets on behalf of the retirement plan. The Act also contains detailed provisions for governmental reporting and disclosure to retirement plan participants. Additionally, provisions are aimed at assuring that plan funds are protected and properly invested. To this end, understanding all the fiduciary obligations and compliance requirements with ERISA is critical and requires expert legal counsel and guidance.
JLG Provides Highly Customized ERISA Counsel
At Jacko Law Group, PC, we provide comprehensive and personalized ERISA counsel for investment advisory firms and managers throughout California and nationwide. Our boutique firm provides highly customized, personalized legal services. Our team of professionals review advisory agreements and investments for ERISA compliance and provide guidance on any necessary action steps.
Our ERISA compliance services may include:
- Determining your status as a plan fiduciary
- Counsel regarding your ERISA fiduciary responsibilities
- Explaining possible liabilities under ERISA
- Reviewing plan documents and analyzing compliance under ERISA regulations
- Advising you regarding your role as an investment manager and your duties to manage plan assets “prudently.”
General Investment Manager Fiduciary Responsibilities Under ERISA
ERISA lays out the duties of a fiduciary to include:
1. Acting solely in the interest of plan participants and their beneficiaries and with the exclusive purpose of providing benefits to them;
2. Carrying out their duties prudently;
3. Following the plan documents (unless inconsistent with ERISA);
4. Diversifying plan investments; and
5. Paying only reasonable plan expenses.
Jacko Law Group, PC, provides ongoing counsel, support and legal services to investment advisory and investment management clients throughout the United States.
For more information or to speak with an ERISA compliance lawyer — call our San Diego law office directly at 619-298-2880 or contact us online.