As described in a recent planadviser article, ERISA fee litigation against plans on the smaller side continue. One suit was brought against a plan with only $9 million in assets. Plan sponsors and committees continue to operate in a high risk ERISA environment.
George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.