Attorney Ivelisse Berio LeBeau Speaks at ERISA Pension Investment Conference
On May 2, 2008 Ivelisse Berio LeBeau spoke to multiemployer plan trustees at the ERISA Pension Investment Conference held in Hilton Head, South Carolina. Ivelisse explained to the trustees how new and proposed Department of Labor regulations concerning ERISA plan service provider compensation will likely increase fee transparency by requiring that service providers explain how they are receiving direct and indirect compensation. She discussed the effect these new rules will have on ongoing fiduciary duties to prudently select and monitor service providers, as well as potential litigation concerns raised if service providers have misused plan assets, received excessive compensation, or provided services under conflicts of interest.
