Bruce L. Ashton: Lawyer with Drinker Biddle & Reath LLP

Bruce L. Ashton

Partner
Los Angeles,  CA  U.S.A.
Phone(310) 203-4048

Peer Rating
 5.0/5.0
AV® Preeminent

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Practice Areas

  • Employee Benefits & Executive Compensation
  • Financial Services ERISA
  • Government & Regulatory Affairs
  • California HR
  • Tax
  • Investment Management
  • Retirement Income Team
 
University Rice University, B.A.
 
Law SchoolSouthern Methodist University, J.D. Order of the Coif
 
Admitted1971, California
 
Biography

Bruce L. Ashton is a partner in the firm's Employee Benefits & Executive Compensation Practice Group. With more than 35 years of practice, Bruce has gained wide experience representing businesses in sophisticated business transactions and employee benefits matters. Bruce's practice focuses on all aspects of employee benefits issues, including representing public and private sector plans and their sponsors, negotiating the resolution of plan qualification issues under IRS remedial correction programs, advising and defending fiduciaries on their obligations and liabilities, structuring qualified plans, non-qualified deferred compensation arrangements and health care arrangements, and representing plan service providers (including RIAs, independent record-keepers, third party administrators, broker-dealers and insurance companies) in fulfilling their obligations under ERISA. Combining his employee benefits and transactional expertise, Bruce is also active in the installation and funding of employee stock ownership plans (ESOPs).

Bruce served as president of the American Society of Pension Professionals and Actuaries (ASPPA) for the 2003-2004 term. From 1998 through 2002, he served as the co-chair of ASPPA's Government Affairs Committee and was a member of its board of directors from 1997 to 2007. He was a member of the Board of Directors of the American Academy of Actuaries during 2003-2004, was the president of the Western Pension & Benefits Conference Los Angeles Chapter from 2008-2009, and has served as a member of the leadership counsel of the National Tax Sheltered Accounts Association (NTSAA).

He has been recognized as one of "The Best Lawyers in America" and as a "Super Lawyer" in Southern California. Bruce is listed in the California edition of Who's Who Legal and has been recognized by 401kWire as one of the Most Influential People in the 401(k) Industry. Bruce was the 2011 winner of the ASPPA Harry T. Eidson Founder's Award in recognition of his contributions to the retirement plan industry.

Bruce has co-authored four books on employee benefits issues and a quarterly column in the Journal of Pension Benefits on IRS remedial programs, and is a frequent contributor to various tax and pension publications, including Journal of Taxation, CCH Pension Plan Guide, Journal of Pension Benefits and The ASPPA Journal. He is a frequent speaker on employee benefits issues ranging from fiduciary responsibility to ESOPs. Bruce is a regularly featured speaker at conferences of ASPPA, the Western Pension & Benefits Conference and various other organizations.

In General. Bruce earned his J.D. from Southern Methodist University, where he was a member of the Order of the Coif, Phi Alpha Delta and a Roy R. Ray Scholar. He was a recipient of the Johnson, Bromberg, Leeds & Riggs Award, and the Arthur Stedley Hansen Consulting Actuaries of Dallas Award. He was a member (1968-1970), note and comment editor (1969-1970), and acting index editor (1970) of the Journal of Air Law & Commerce. He received his B.A. from Rice University.

Publications

07/29/2013
Drinker Biddle Memorandum
Drinker Biddle Response to Controversial Yale Letters

07/23/2013
Client Bulletin
The "Yale Professor Letters": What Sponsors Need to Know (and Do) Now

06/12/2013
J.P. Morgan White Paper
Fiduciary implications: Using re-enrollment to improve target date fund adoption

06/04/2013
Client Bulletin: GAO Report on Rollovers
IRA Rollover Services and Responsibility of Plan Sponsors

05/24/2013
NAPA Net
Helping Your Plan Sponsor Clients Avoid Prohibited Transactions

05/13/2013
Client Alert
Retirement Income Team Newsletter

04/15/2013
NAPA April 2013 Newsletter
ERISA 408(b)(2) After Effects: Form 5500 Filings

04/03/2013
April 2013 Edition
Plan Sponsor Newsletter

03/13/2013
Drinker Biddle White Paper
Lincoln Secured Retirement Income(SM) Solution: Addressing Participant Retirement Income Risks

02/26/2013
Drinker Biddle White Paper
The Benefits of Mandatory Distributions

02/25/2013
Client Newsletter
ERISA Newsletter for Retirement Plan Service Providers

02/14/2013
Client Bulletin
Providing Guaranteed Lifetime Income Benefits: Managing Fiduciary Responsibility

01/31/2013
Client Alert
Retirement Income Team Newsletter

01/23/2013
Plan Consultant
Participant Disclosure Regulations: Challenges for Recordkeepers

01/09/2013
Client Bulletin
Individual Brokerage Accounts: What Plan Sponsors Must Disclose to Participants

11/12/2012
TD Ameritrade White Paper
Fiduciary Considerations in Offering a Brokerage Window

11/01/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Newsletter for Retirement Plan Service Providers

10/29/2012
Client Alert
Retirement Income Team Newsletter

10/19/2012
Client Alert
IRS Announces 2013 Dollar Limitations for Employee Benefit Plans

10/03/2012
Journal of Pension Benefits
ERISA Compliance Issues for Plan Providers: The DOL Consultant/Adviser Project

10/03/2012
Journal of Pension Benefits
"Open" Multiple Employer Plans After Advisory Opinion 2012-04A: An Assessment

07/31/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Newsletter for Retirement Service Providers

07/11/2012
Plan Consultant
Full Disclosure: The Impact of the Final 408(b)(2) Regulation on TPAs

07/10/2012
Employee Benefits & Executive Compensation Client Bulletin
ERISA Service Provider Disclosures: What Plan Sponsors Need to Do Now

05/29/2012
Client Bulletin
The Final 408(b)(2) Regulation: Impact on Broker-Dealers

05/10/2012
Investment Management Bulletin
The Final 408(b)(2) Regulation: Impact on Investment Managers

05/01/2012
White Paper
Lifetime Income in Defined Contribution Plans: A Fiduciary Approach

04/01/2012
Institutional Retirement Income Council
The Problem With Spending Too Fast: Retirement Savings Withdrawal Rates

02/14/2012
Client Bulletin
The Final 408(b)(2) Regulation: Impact on RIAs

02/03/2012
Employee Benefits & Executive Compensation Alert
Finally the Final... 408(b)(2) Regulation

01/01/2012
Sparks Journal
408(b)(2) and the Rise of Benchmarking

12/14/2011
Daily Journal
Minimizing Risks for Charity Board Members

12/08/2011
Employee Benefits & Executive Compensation Alert
Fiduciary Investment Advice for Participants

10/20/2011
Investment Management Insights
DOL Investigations: Broker-Dealers and RIAs as Targets

10/05/2011
Employee Benefits & Executive Compensation Bulletin
Service Provider Disclosures: The Impact on Plan Sponsors

10/3/2011
Journal of Pension Benefits
Fiduciary Considerations for Insured Retirement Income Products: Guaranteed Withdrawal Benefits

9/30/2011
401k Safe
Open Multiple Employer Plans: Tax and ERISA Considerations

8/2/2011
J.P. Morgan Asset Management
Fiduciary implications: Using re-renrollment to improve target date fund adoption

08/02/2011
Investment Management News

07/20/2011
Financial Services ERISA Alert
Fee Disclosure Compliance Delayed

06/06/2011
Investment Management Alert
The DOL's 408(b)(2) Regulation: Impact on Investment Managers

6/1/2011
Drinker Biddle
The Prudence Standard: Affiliated Products and Services

5/4/2011
Employee Benefits & Executive Compensation Bulletin
The Problem With Living Too Long

02/24/2011
Bulletin
Fiduciary Considerations for Insured Retirement Income Products: Focus on Guaranteed Withdrawal Benefits

02/01/2011
Bulletin
The Impact of 408(b)(2) on Service Providers

9/1/2010
Employee Benefits & Executive Compensation Alert
The DOL's 408(b)(2) Regulation: Impact on Broker-Dealers and Registered Representatives

9/1/2010
Plan Sponsor
Theories and Realities: Target-Date Funds and Modern Portfolio Theory

08/01/2010
The DOL's 408(B)(2) Regulation: Impact On Registered Investment Advisers (RIAs)

12/1/2009
Report To Plan Sponsors
Addressing 403(b) Plan Issues

12/1/2009
Bulletin
Brokers As Fiduciaries: The Reality and the Issues

12/1/2008
Bulletin
Department of Labor Focuses on Revenue PracticesWhat Are Your Fiduciary Duties Regarding Revenue-Sharing Arrangements?

10/1/2008
Bulletin
Disclosure of Service Provider Compensation: Final 408(b)(2) Regulation Will be Issued Soon

5/1/2008
The Adviser Report
Advisor Do's and Don'ts

3/1/2008
The ERISA Audit Report
IRS 412(i) Audit Initiative: Are All the Plans Bad?

2/1/2008
The Report to Plan Sponsor
Dealing with Back-End Charges in Service Agreements

2/1/2008
The Report to Plan Sponsor
Limitation on Liability in Service Provider Agreements

12/1/2007
The Adviser Report
Advisor Do's and Don'ts

12/1/2007
The Adviser Report
An Interesting Question: Investment Managers and IRAs

11/1/2005
Government & Tax Exempt Plans Report
Government Retirement Plans: What You Don't Know Can Hurt You

1/1/2005
Journal of Pension Benefits
Fiduciary Rules Applicable to (b) Plans

Speaking Engagements

10/01/2013
Drinker Biddle Webinar
2013 DOL Surviving Investigations of Plans

07/31/2013
Drinker Biddle Webinar
2013 Surviving DOL Service Provider Investigations: Part II

06/26/2013
Drinker Biddle Webinar
Surviving DOL Investigations

11/01/2012
Financial Services Institute
ERISA Disclosures: Questions Broker-Dealers Are Asking

10/29/2012
ASPPA Annual Conference
An Open MEP Followed Me Home...Can I Keep It?

10/11/2012
Drinker Biddle Webcast
What Plan Committees Must Do with 408(b)(2) Disclosures

09/25/2012
Drinker Biddle Event
Change Happens: Plan Sponsor Update

06/26/2012
IRI 2012 Government, Legal & Regulatory Conference
Product Developments: Legal and Regulatory Challenges

01/17/2012
NAPA Webcast
Are You Being Targeted by the DOL?

10/17/2011
Center for Due Diligence 2011 Advisor Conference
A Model Investment Advisory Agreement for the New ERA" and "Advisory Fees & Multiple Hats in the Same Plan

05/13/2011
Soltis Investment Advisors
ERISA Responsibilities: Fee Disclosure and Other Good Stuff

04/28/2011
Employee Benefits Webinar
Income Replacement Solutions are Coming: Are You Ready?

01/13/2011
Los Angeles Benefits Conference
Fiduciary Fallout: Educating Clients on Fiduciary Duties and Protecting Yourself

 
ISLN909362773
 

Documents by this lawyer on Martindale.com

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DOL Proposed Regulation on 408(b)(2) “Guide” - Impact on Service Providers
Bruce L. Ashton,Bradford P. Campbell,Joan M. Neri,Fred Reish,Joshua J. Waldbeser, March 24, 2014
The Department of Labor has issued its long-anticipated proposal to amend the 408(b)(2) regulation. If adopted, the proposal will require covered service providers to furnish responsible plan fiduciaries (referred to as “plan sponsors” for simplicity) with a guide to their disclosures.


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Office Information

Bruce L. Ashton

1800 Century Park East, Suite 1400
Los AngelesCA 90067




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