Kutak Rock attorney Michelle Ueding presented at an Education Session of the Nebraska Chapter of Certified Employee Benefit Specialists (CEBS) on May 8, 2015. The topic was “Outsourcing Fiduciary Services: Engaging a 3(16), 3(21) and/or 3(38) Fiduciary.”

Ueding provided an overview of fiduciary duties under ERISA and outlined the responsibilities associated with engaging a third-party fiduciary. She discussed the extent to which a retirement plan sponsor can assign away fiduciary responsibility, as well as the impact of the new Department of Labor fiduciary rule and other industry developments on outsourcing.

Ueding is a partner in Kutak Rock’s Omaha office and a member of the firm’s Employee Benefits Practice Group. She concentrates her practice primarily on qualified plans, deferred compensation plans and ERISA issues relating to these arrangements. She assists clients with plan design, due diligence, fiduciary duties, administration, investment review, disclosure requirements, drafting plan policies and administrative procedures.