Bill Schmidt works in the areas of institutional investing and employee benefits, with particular emphasis on fiduciary responsibility matters under the Employee Retirement Income Security Act of 1974 (ERISA). Bill advises major financial institutions, including banks, insurance companies, registered investment advisers, and large employee benefit plans about ERISA restrictions relating to plan investments and to fee arrangements for investment management and plan administrative services.
Bill was formerly Counsel for Regulation in the Plan Benefits Security Division of the Office of the Solicitor of the U.S. Department of Labor, where he was responsible for providing legal advice with respect to the Department's regulatory, interpretive, and legislative activities under ERISA. Bill was formerly an adjunct professor of Law at Georgetown University Law Center.
- American College of Employee Benefits Counsel (Charter Fellow)
- Board of Editorial Advisors of the Benefits Law Journal
- • Listed in The Best Lawyers in America©, 1995-2021
Bill writes and speaks extensively on employee benefit issues.
- ERISA Lite? New Opportunities and Challenges for Hedge Fund and Pension Plan Investment Managers, October 4, 2006
- ERISA Lite? New Opportunities and Challenges for Hedge Fund and Pension Plan Investment Managers, October 3, 2006
- “The Inconvenient Truth of Fiduciary Loan Regulation,” Bloomberg Tax Management Compensation Journal™, 27 April 2018
- “Company Stock and the ERISA Fiduciary: The Aftermath of Enron,” Trusts & Estates, March 20, 2002