College and University Educational Breakfast Series with The Bonadio Group

November 6, 2016

You're invited to the fall session of The Bonadio Group's College and University Education Breakfast Series       

Tidal Wave of Retirement Plan Lawsuits Hit Higher Education

In the past few weeks, eight different colleges and universities have been hit with class action lawsuits alleging that excessive fees were paid by retirement plan participants. The eight complaints, filed against Yale, MIT, NYU, Johns Hopkins, Duke, Penn, Vanderbilt and Emory, seek hundreds of millions of dollars in damages. Please join us to discuss the wave of lawsuits and what colleges and universities can do to protect themselves.  

7:30 - 8 a.m Breakfast
8 - 9:30 a.m. Presentation

In collaboration with Bond, Schoeneck & King PLLC

Keynote Speakers
Suzanne D. Smith, Esq., Senior Counsel, Bond, Schoeneck & King PLLC
Thomas M. Santa Barbara, CPFA, Managing Director/Member, Direct Retirement Solutions

In collaboration with Bond, Schoeneck & King PLLC and the Upstate New York College Collaboration
Keynote Speakers
Amelia M. Klein, Esq., Member, Bond, Schoeneck & King PLLC
Thomas M. Santa Barbara, CPFA, Managing Director/Member, Direct Retirement Solutions

CPE Information
1.5 Continuing Professional Education (CPE) credits will be granted for attendance in specialized knowledge
Program Level: Basic
Instructional Delivery Method: Group live
Objective: Discuss current lawsuits and what college and universities can do to protect themselves.
After this course you will have a basic understanding of:

  • The current environment with respect to the investment management fees in participant-directed defined contribution plans
  • Who is a plan fiduciary, and the personal liability of plan fiduciaries
  • The role and types of registered investment advisers
  • The steps plan fiduciaries can take to mitigate risks of individual and class-action lawsuits over unreasonable fees, and other sanctions resulting from non-compliance with U.S. DOL regulations

Complaint Policy— For each program, Bonadio & Co., LLP will provide the contact information for the presenters and reviewers and communicate all questions, concerns, or complaints be directed here. Bonadio & Co., LLP will reply to all such communications in a timely fashion. For more information regarding administrative policies such as complaints, please contact our Professional Excellence Division at (585) 249-2762.
Cancellation— If a program must be canceled, Bonadio will notify all registered participants as soon as cancellation is known by emailing the address registered. Bonadio will also put a notice of cancellation on its website for courses offered to outside participants.
NASBA Statement— Bonadio & Co., LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
Bonadio & Co., LLP – NASBA Sponsor # 112853; NYS Sponsor # 000090