CHARLOTTE, NC – The law firm of Shumaker, Loop & Kendrick, LLP, is pleased to announce that partner Jim Culbreth co-hosted and spoke at panel discussion, “Benefit Plan Fiduciaries: Addressing Key Areas of Risk”, yesterday with BB&T and Dixon Hughes Goodman, LLP at the CPCC Harris Campus. The discussion focused on avoiding common plan errors, plan administration do’s and don’ts, and what plan sponsors need to know about Department of Labor recent developments. The presenters covered the seven areas of risk of retirement plan foundations; the fiduciary muddle, the accidental fiduciary, trend towards lower plan cost and fees, most overlooked operational problems, knowing the symptoms – self-examination, diagnosis – correction programs, and audits and enforcement.

Jim Culbreth’s principal area of practice is employee benefits. Jim has over 30 years of legal experience, focusing his practice on employee benefits law and executive compensation while representing private and public sector employers of all sizes. He has extensive experience in designing and preparing qualified retirement plans (including 401(k) plans, defined benefit pension plans and ESOPs), nonqualified deferred compensation arrangements and equity compensation for employees and executives, as well as advising employers on their fiduciary responsibilities under federal and state law. Jim has lectured on employee benefits and fiduciary issues at the National Trust School and the Southeastern Trust School.

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Founded in 1925, Shumaker, Loop & Kendrick, LLP is a full-service law firm with more than 260 lawyers and five offices in Toledo and Columbus, Ohio; Tampa and Sarasota, Florida; and Charlotte, North Carolina. Shumaker is a premier provider of quality legal services. Whether it's commitment to clients or work in the community, involvement lies at the core of all of Shumaker’s initiatives.