What does the DOL expect from an ESOP, what are its hot-button issues, and how can
you make sure you work well with it?
Prudent Fiduciary Services
Miguel founded Prudent Fiduciary Services to provide independent fiduciary, ERISA compliance consulting, and expert witness services related to employee benefit plans such as qualified retirement plans and health and welfare plans. Prior to establishing Prudent Fiduciary Services, Miguel had a distinguished 12 year career as an employee benefit plan investigator and supervisor with the U.S. Department of Labor, Employee Benefits Security Administration (EBSA). During his time with EBSA, Miguel conducted and supervised several hundred investigations of ERISA-covered retirement plans, health and welfare plans, and plan service providers, with a focus on ESOPs and other investigations involving complex financial issues. He is a noted ERISA authority that represented the Department of Labor at various speeches and trainings to ERISA fiduciaries, service providers, and the public on ERISA fiduciary duties and EBSA investigations.