Schlichter Bogard Managing Partner Jerome Schlichter Lends His Voice (and ERISA Expertise) to Podcast

Schlichter Bogard & Denton Managing Partner Jerry Schlichter sat down with Mr. Josh Itzoe, Founder and CEO of Fiduciary Wor(k)s for the nineteenth episode of The Fiduciary U™ Podcast, which aired on June 29, 2021.

Over the course of the episode, entitled “The Past, Present, and Future of ERISA Litigation with Jerry Schlichter,” Mr. Schlichter offered his insights on a wide variety of topics, including: the economics of taking on 401(k) and 403(b) cases; emerging litigation areas including data as a plan asset; the potential risks of cross-selling additional services to participants; and how litigation will become increasingly more complex over time. Moreover, Mr. Schlichter spoke at length about the origins and early days of Schlichter Bogard & Denton’s renowned ERISA litigation practice.

Prompted for his “best piece of advice to ERISA fiduciaries” to avoid facing a lawsuit, Mr. Schlichter offered: “Follow the absolute beacon, that you should operate this plan with the sole exclusive interest of the participants fully at heart. If you do that, the decisions will flow from that, that are the right decisions, and you’ll be free of fiduciary liability exposure.” When Mr. Itzoe remarked that Mr. Schlichter’s advice—if taken to heart—could well end his practice, Mr. Schlichter responded: “That’s fine. I mean, if that happens, that’s a great thing for American workers and retirees, and we’ll move on to something else.”

To listen to the complete interview, visit the Fiduciary U Podcast’s website at https://www.fiduciaryworks.com/episodes/ep-19-the-past-present-and-future-of-erisa-litigation-with-jerry-schlichter, or download episode from wherever you stream your podcasts.

We are proud to be pioneers in retirement plan litigation. To read about other high-impact cases handled by Schlichter Bogard & Denton, click here. For additional information about Schlichter Bogard & Denton’s Retirement practice, please contact us at 800-873-5297 or contact@uselaws.com.