
Carol Buckmann
PartnerCarol Buckmann is a partner at Cohen & Buckmann PC who previously practiced with major law firms. She has worked as an attorney in the employee benefits field for over 30 years.
Carol Buckmann is a partner at Cohen & Buckmann PC who previously practiced with major law firms. She has worked as an attorney in the employee benefits field for over 30 years.
Scheduling on-site training, attending webinars and preparing yearly checklists are among the best ways employers can fulfill their responsibilities, says benefits lawyer Carol Buckmann.
Employers should review documents before sending them out to employees, understand plan provisions and consult advisers when needed, among other guidelines.
A substantial watering-down of the protections in the rule is possible, says Carol Buckmann, so the ultimate status of the new regulation is still in question.
A substantial watering-down of the protections in the rule is possible, says Carol Buckmann, so the ultimate status of the new regulation is still in question.
The DOL recently released a FAQ to help plan sponsors understand their role before the fiduciary rule goes into effect.
As the chances of getting audited by the IRS or Department of Labor become greater, more fiduciaries are realizing that carefully thought-out plan politics are the best defense.
One of the biggest mistakes that can be made is starting off by simply accepting the service provider’s form service agreements, says benefits lawyer Carol Buckmann.
One of the biggest mistakes that can be made is starting off by simply accepting the service provider’s form service agreements, says benefits lawyer Carol Buckmann.
The big question is whether any decisions upholding the DOL rule will be nullified by actions of the new Trump administration, says benefits lawyer Carol Buckmann.
Challenges to the DOL rule have created some unfortunate confusion about the vulnerability of the final rule.