ESOP Regulatory Update: The DOL Fiduciary Process Agreement

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Training Event Transcripts
September 24, 2014
Theodore M. Becker, Attorney at Law
James E. Staruck, JD/MBA
Jeffrey S. Tarbell, ASA, CFA


In recent years, ESOP appraisals and fairness opinions have received increased scrutiny from the U.S. Department of Labor and the plaintiffs' bar. Earlier this summer, in connection with the settlement of litigation the DOL brought, an institutional trustee agreed to implement certain policies and procedures that have been commonly referred to as the "DOL Fiduciary Process Agreement." In this presentation, valuation expert Jeff Tarbell will moderate a panel discussion regarding this important agreement, featuring attorney Ted Becker and ESOP trustee Jim Staruck. Their discussion will explore the processes and procedures of the DOL Fiduciary Process Agreement and its implications on ESOP appraisers and fairness opinion providers.
ESOP Regulatory Update: The DOL Fiduciary Process Agreement
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