Michelle Ueding Presents at SACUBO Fall WorkshopNews | November 15, 2016
Kutak Rock partner Michelle Ueding presented at the Southern Association of College & University Business Officers (SACUBO) 2016 Fall Workshop November 6-8 in Oklahoma City, Oklahoma.
Ueding spoke on "Understanding Recent 403(b) Plan ERISA Class Action Lawsuits." She discussed the impact of several recent lawsuits against universities alleging the institutions breached their fiduciary duties under ERISA by causing plan participants to pay unreasonable fees by using multiple record-keepers and by offering too many investment options. The complaints also identify failure to conduct requests for proposals (RFPs) and monitor investments as fiduciary breaches.
Ueding reported on the progress of these cases and outlined the fiduciary processes and procedures required of 403(b) plan sponsors in light of these lawsuits.
For more information about the Fall Workshop and SACUBO, please click here.
Ueding's work at Kutak Rock focuses 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.