Uncovering & Understanding Hidden Fees in a 401(K) Plan with Miriam Schindel, Esq.
The Compensation & Benefits Environment is Mired in High-Profile Scandals
Uncovering and understanding hidden fees in a 401(K) plan is more important than ever. The Employee Retirement Income Security Act (ERISA) requires that a plan’s fiduciaries manage the plan for the exclusive purpose of providing benefits to plan participants and beneficiaries. This means that the cost of providing a plan must be known and monitored on an ongoing basis.
Unfortunately, the compensation and benefits environment today is mired in high-profile scandals that are of great concern to employer plan sponsors, participants and government regulators, such as the Department of Labor.
In this broadcast of Forensic Perspectives, forensic accounting expert, Mark S. Gottlieb, discusses the problems and exposure associated with these fees from both an administrators and participant’s perspective with attorney Miriam Schindel of Hinman, Howard & Kattell, LLP.
About Our Guest
Miriam Schindel is Special Counsel to the multi-discipline law firm of Hinman, Howard & Kattell, LLP. Prior to joining the firm, Ms. Schindel was Deputy General Counsel of Unilever and Associate General Counsel of Sears & Roebuck (Chicago headquarters). Previously, she was an associate attorney at the firms of Proskauer Rose and Kave Scholer Fierman Hays and Handler. She has spoken before various professional groups including The Conference Board, the International Foundation of Employee Benefit Plans, the International Research Institute and on WVOX talk radio. She authored “Use of Compulsory Lie Detector Tests in Arbitration” (Journal of the Labor and Employment Section of the New York State Bar Association, 1984). She is co-editor of Language and Cognition (Plenum Publishing, 1984).