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.
Despite the recent Fifth Court ruling, it’s too soon to say the regulation is dead. There may be a rehearing, and most importantly, best practice standards will live on.
Despite the recent Fifth Court ruling, it’s too soon to say the regulation is dead. There may be a rehearing, and most importantly, best practice standards will live on.
Scheduling on-site training, attending webinars and preparing yearly checklists are among the best ways employers can fulfill their responsibilities.
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.
Plan sponsors should keep in mind that while the coverage isn’t legally required, it’s needed protection if breach accusations occur.
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.