CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

Protect Your Client’s 401(k)/403(b) Plan from Fiduciary Litigation

  • AFSP
  • CIA
  • CMA
  • CPA (US)
  • EA
  • HRCI
  • IAP
  • Tax Preparer
  • QIAL
  • SHRM
  • CTEC
Protect Your Client’s 401(k)/403(b) Plan from Fiduciary Litigation

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Related Matters for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00593-21-O)

2 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0567)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

2 CPE credit for Certified Management Accountants (CMA)

2 CPE credit for Certified Internal Auditors (CIA)

2 PDC credit for SHRM Certified Professionals (Approval No. 21-ZDTY2)

2 RCH credit for HRCI Certified Professionals (Approval No. 563362)

2 CPE credit for Qualification in Internal Audit Leadership (QIAL)

2 CPE credit for Internal Audit Practitioner (IAP)

2 CPD credit (Verifiable) for CPA/PFS

2 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00593-21-O)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00593-21-O)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Nestled within the chaos of 2020 there was a significant increase in 401(k) class action lawsuits. At the peak of the Great Recession (2009), there was a dramatic surge of 401(k) litigation and in the wake of COVID-19, we are seeing a similar troubling trend. Last year alone, the Employee Benefits Security Administration (EBSA) recovered over $3.1 billion in direct payments to plans, participants, and beneficiaries, illustrating a 310% increase from 2016 to 2020. Whether this is due to an abundance of “free” time, elevated financial stress or both, plan participants and sponsors are concerned about whether their investments and the expenses in their plans are appropriate. This unrest coupled with the maturing body of ERISA law and an emerging blueprint for filing and litigating cases is a likely cause for this most recent spike.

Fiduciary responsibilities should not be taken lightly. Employees who participate in the plan, as well as other plan fiduciaries, have the right to bring a lawsuit to correct fiduciary wrongdoing. The DOL also has the authority to enforce the rules through civil and criminal actions. Not only can the cost of governmental penalties associated with enforcement be high, but the costs associated with fixing the problem can also be significant. These normally involve legal, accounting, and other fees.

Under ERISA, fiduciaries are personally liable for plan losses caused by a breach of their fiduciary responsibilities and may be required to:

  • Restore plan losses (including interest), and
  • Pay the expenses relating to the correction of inappropriate actions.

Key topics covered in this online CPE/CE webinar:

  • What is the basis for fiduciary litigation?
  • What are the procedures necessary to identify breaches in fiduciary responsibility?
  • How to establish an effective program of due diligence?

Learning Objectives

  • To discuss the qualified default investment alternative (QDIA).
  • To discuss employee deferrals and loan repayments.
  • To discuss core issues on which litigation is based.
  • To discuss the process necessary to satisfy the requirement for fiduciaries
  • To discuss the purpose of an investment policy statement.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounts Director
  • Auditors
  • California Registered Tax Professional
  • Certified Public Accountant
  • Compliance Managers
  • Compliance Officers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Directors of Finance
  • Finance Director
  • Finance Pros
  • Financial Planner
  • Finanical Analyst
  • HR Professionals
  • Human Resources Manager
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Senior Accountant
  • Tax Attorney
  • Tax Firm
  • Tax Professionals
  • Young CPA


    [average] => 4.4381
    [no_of_record] => 105




Very informative with ha ha moments on how potentially liable a Fiduciary could be.




He was boring. Knew his material, but did not present it in a fashion that kept you interested.