Presentation of Kent A. Mason, Davis & Harman LLP

This document is about the testimony of Kent A. Mason of Davis & Harman LLP before the ERISA Advisory Council. Mason argues that the Department of Labor has already provided sufficient guidance on brokerage windows and that additional guidance or requirements could have an adverse effect on plan sponsors' ability to offer brokerage windows. Mason believes brokerage windows are an important tool for plan sponsors that can benefit all participants, and he cautions against imposing new fiduciary responsibilities or disclosure requirements that could lead to plan sponsors unwinding their brokerage window offerings.