This presentation will cover indemnification and arbitration available to ESOP plan fiduciaries. It will touch upon the view of the courts in regard to the validity of indemnification and the use of arbitration in plan documents. It will also discuss the use of fiduciary insurance, who is covered and why a fiduciary needs it. The presentation will also touch on claims and class actions and what an ESOP company should do if confronted with a class action claim.

Learning Objectives:

• To understand the purpose of indemnification and arbitration provisions in an ESOP document.
• To understand the purpose of fiduciary insurance and why it is needed.
• To identify a potential class action claim and the steps the fiduciary should take to protect the ESOP.

Speakers:

Jose Jara, Fox Rothschild
Avery Chenin, SCJ Fiduciary Services

Please note there is a cost to attend.