Deals & People May 26, 2011

RPAG Adds ERISA Specialist to Consulting Team

Jason Jeskey, a former practicing Employee Retirement Income Security Act (ERISA) attorney, has joined the Retirement Plan Advisory Group (RPAG) as a Senior Plan Consultant and ERISA Specialist. 
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In this position, Jeskey will be responsible for providing support to RPAG adviser-members seeking guidance on technical issues, legislative and regulatory matters, and other fiduciary concerns that arise while serving plan sponsor clients. He will report to Joel Shapiro, Vice President of ERISA Compliance, who is also a former practicing ERISA attorney.

Before joining RPAG, Jeskey was an associate attorney with Brownstein Hyatt Farber Schreck in its Las Vegas office. During his tenure with Brownstein, he represented various multiemployer Taft Hartley trust funds and governmental trusteed plans in employee benefit matters, including qualified and tax exempt retirement plans (both defined benefit and defined contribution plans). Prior to this, he practiced law with Willkie Farr & Gallagher in Washington D.C.

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Jeskey earned his B.A. in mathematics from St. Mary’s College of Maryland; his JD from the University of Maryland; and his LL.M. in taxation from the Georgetown University Law Center
Products May 26, 2011

American Century Introduces Provider Overview Program

American Century Investments developed its Retirement Service Provider Overview (RSPO) Program to help plan providers and advisers working with plan sponsors collect and document information.
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The program is designed to comply with pending Department of Labor regulations that would require plan fiduciaries to assess the reasonableness of the service providers’ compensation. In addition, RSPO helps advisers build a value statement and create a service disclosure beneficial for client retention and prospecting, American Century announced. 

The RSPO consists of customizable, online forms that enable advisers to document disclosure. Sample reports from the online tool include a planning questionnaire, general plan information, service responsibility, and a due diligence completion form.  

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“We think the RSPO is a useful client retention and prospecting tool for advisers to identify service opportunities and provide solutions. We also want to help make it easy for our clients to show ‘reasonableness’ in terms of their fees and compensation,” said Mike Jackson, vice president & DCIO divisional manager, Territory Sales for American Century Investments.

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