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Old Slip Capital Announces New Miami Office, Issues Advisory for ERISA by James Lukezic, Managing Director

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Old Slip Capital has announced the opening of its new office in Miami, FL. The company has also issued an important advisory to plan sponsors, pointing to the advantages of trusting ERISA Fiduciary Advisors. 

Old Slip Capital’s new office in Miami will further add a growth potential to its prospects. It has also shared insights for Plan Sponsors to help them derive the best from ERISA. The advisory focuses on explaining the difference between an ERISA Fiduciary Advisor and a Standard Broker or Advisor, and helps in understanding that selecting a Standard Broker or Advisor is simply not good enough.

According to James Lukezic, Managing Director at Old Slip Capital, there are some obvious dangers of not hiring an ERISA Fiduciary Advisor under section 3(38) or 3(21) or both: “Plan Sponsors think that simply having an Advisor at the table is enough until they (Plan Sponsor) realize that a Standard or Retail Advisor is giving them arm’s length advice and not truly taking on liability or responsibility for that advice. With a sanctioned ERISA Fiduciary Advisor, Plan Sponsors can shift that liability to the ERISA Advisor and his or her firm; that includes personal liability on the part of the investment committee members”.

The advisory goes on to point out that plaintiffs’ class action lawyers in fiduciary breach lawsuits, the Department of Labor in ERISA plan audits, courts, and insurers have focused increased attention on how well ERISA plan fiduciaries follow procedural due process. Actions (or inactions) of committees and individual investment committee fiduciaries are scrutinized and judged in increasing detail, causing fiduciaries to wonder if they are up to date on all of the best practices for plan governance.

According to Old Slip Capital, understanding the roles of Fiduciaries and the types of Fiduciaries generally causes confusion. There are Trust Fiduciaries, Administrative Fiduciaries and ERISA Fiduciaries; the latter being the most important. The role of the ERISA Fiduciary is critical, as this advisor is the glue that holds the Retirement Plan together, his or her advice to the Investment Committee steers the success of the plan in a big way. 

The advisory further explains that competence to act as a fiduciary on the investment committee means more than just having subject matter expertise. It also means having the time needed to devote to the fiduciary role. Putting aside the potential conflicts of interest that a director would face in switching hats from corporate director to plan fiduciary, even a director with the requisite expertise to act as a fiduciary, typically lacks the time (and probably the inclination) to perform more than an oversight role. Furthermore, the Board of Directors should never be left in the position of acting as the Investment Committee. Unfortunately, this is precisely the form of fiduciary governance structure that is in place with the overwhelming majority of employer sponsored plans.

 

Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

Media Contact

Organization: Old Slip Capital Partners

Contact Person: James Lukezic

Website: https://www.oldslipcap.com/

Email: james@oldslipcap.com

City: New York

State: NY

Country: United States

Release Id: 19072414351

The post Old Slip Capital Announces New Miami Office, Issues Advisory for ERISA by James Lukezic, Managing Director appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Enhance Safety with Anti-Slip Stair Nosing – Now Available Australia-Wide! Get 25% Off Your Order with Code OCT25OFF!

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SafetyXpress is excited to announce a special promotion on our premium range of anti-slip Stair Nosing, available for delivery across Australia. From just AUD $39.36, you can enhance the safety of your stairways and significantly reduce the risk of workplace injuries. This limited-time offer ends on October 31, 2024. Terms and conditions apply; stock is limited.

Why Choose Stair Nosing?

Our Stair Nosing products provide a superior grip, making your stairs safer for everyone. Whether you’re in Brisbane, the Gold Coast, Melbourne, or Sydney, our durable Stair Nosing solutions can be delivered right to your door, ensuring you have what you need to enhance safety quickly and efficiently.

Fast and Convenient Delivery

Order online in just a few minutes, and we’ll arrange for same-day dispatch. Once your order arrives, installation is a breeze, allowing you to transform your staircases into safe, anti-slip surfaces.

Versatile Solutions for Every Environment

Our Stair Nosing is designed to meet various needs, featuring industrial-grade fiberglass options that withstand heavy traffic in demanding environments such as marine, mining, and factories. With exceptional grip, our products are effective even in wet, oily, greasy, or dusty conditions.

Key Benefits of Our Stair Nosing:

  • Provides a non-slip surface
  • Covers sharp edges to prevent injuries
  • Slip-resistant in nature
  • Reduces slips, trips, and falls
  • Enhances the aesthetic appeal of stairs
  • Improves visibility for safer navigation
  • Heat and flame resistant
  • Exceptionally durable for long-lasting use

Don’t Miss Out!

Explore our complete range of anti-slip Stair Nosing and enjoy a limited-time 25% discount with code OCT25OFF at checkout. Safeguard your spaces with our durable safety solutions and ensure peace of mind for everyone using your stairs. Plus, take advantage of our “5% Price Beat” program, where we’ll beat any quoted price by 5%, ensuring you save even more. Don’t miss out!

For more information, visit SafetyXpress Stair Nosing.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

DePIN Hunter redefines the new world of Web3

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With the rapid development of technology and the acceleration of global digital transformation, decentralized technology is becoming the core of the new generation of Internet revolution. As a platform that integrates DeSci (decentralized science), DeTraffic (decentralized traffic), DAO (decentralized autonomous organization) and fog computing technology, DePIN Hunter is leading the future of Web3 and artificial intelligence (AI).

DePIN Hunter

DePIN Hunter is committed to building a decentralized physical infrastructure network (DePIN) that provides unparalleled support for big data traffic and content distribution through its distributed physical hardware and powerful AI computing capabilities. This infrastructure greatly reduces reliance on traditional centralized infrastructure and significantly enhances the stability and scalability of the platform.

AI big data traffic engine technology is another major technical highlight of the platform. It can process and analyze massive data in real time, provide personalized experiences based on user behavior and preferences, and optimize content distribution strategies. This not only improves the user experience, but also enhances the market adaptability and responsiveness of content providers.

The application of fog computing technology shifts data processing tasks from the central cloud to the edge of the network, that is, near users and data sources. This transformation greatly reduces data transmission delays and improves processing efficiency, which is especially valuable in applications such as the Internet of Things, smart cities, and remote monitoring.

DePIN Hunter has completely changed the limitations of traditional business models through its circular ecological model, achieving an organic combination of technology and business. This circular ecological model combines AI and encryption technology, media and aggregate traffic, and DePIN hardware to form a self-reinforcing system. Every technological advancement of the platform is directly fed back to the ecological model, enhancing its overall performance and user experience, while also creating substantial economic value for ecosystem participants.

The addition of the chain reform project further expands the functions and market applications of the DePIN Hunter ecosystem. By digitizing real-world assets and using blockchain technology to manage them, these projects not only increase the liquidity and transparency of assets, but also seamlessly connect traditional assets to the digital economic system. For example, DePIN Hunter’s RWA (real assets on-chain) module introduces traditional assets such as real estate and energy into the blockchain through chain reform technology, realizing the digitization of asset registration, tracking and transactions.

DePIN Hunter

In DePIN Hunter’s economic model, the DPH token plays a vital role. As a governance rights token, DPH is used in the platform for various functions such as transactions, transfers, payment of circulation GAS fees, and participation in governance voting. This token economics model not only ensures the autonomy and flexibility of the system, but also provides users with economic incentives to directly participate in platform profitability, thereby promoting the long-term development and healthy operation of the platform.

DePIN Hunter’s future plans focus on continuing to promote technological innovation and expand its business influence. As the technology further matures and the market expands, DePIN Hunter is expected to play an increasingly important role in the global Web3 field. From technological innovation to business models, DePIN Hunter is working tirelessly to build a more open, secure and efficient digital future.

DePIN Hunter is more than just a technology platform. Its vision is to stimulate innovation vitality on a global scale through innovative technology and open business models, promote the widespread application of decentralized technology, and ultimately achieve a freer and fairer digital world. 

Media contact

Company Name:DePIN Hunter

Email: depinhunter@depinsms.com

Country:USA

Website:https://depinhunter.cn/

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Press Release

PandaEarth An Innovative Meme Coin is Gaining Popularity for its Focus on Sustainable Future

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Singapore, 24th Oct 2024 – Recently, PandaEarth has been gaining attention in the cryptocurrency market as a unique meme coin that combines humor with an eco-friendly message. This coin goes beyond being a mere investment vehicle; it aims to raise awareness about climate change and promote a campaign for a sustainable future.

Vision of PandaEarth
PandaEarth is dedicated to increasing awareness of climate issues and supporting environmental protection activities. A portion of the transaction fees from this coin is donated to renewable energy projects and wildlife conservation, contributing positively to the planet.

Community Engagement
PandaEarth places great importance on community involvement. Through various social media platforms, the project actively engages with fans and runs events and campaigns that allow community members to participate directly. This engagement enhances the value of PandaEarth and helps spread the eco-friendly message to a broader audience.

The Appeal of Meme Coins
With its adorable panda mascot and entertaining content, PandaEarth has captured the hearts of many. Users can promote the coin through memes, allowing them to pursue both fun and value. PandaEarth provides an enjoyable experience, highlighting the importance of environmental activities while fostering a sense of community.

Conclusion
PandaEarth stands out as a project that balances fun and authenticity, making it an attractive choice for cryptocurrency investors and those passionate about environmental protection. Join the journey of PandaEarth and be part of a sustainable future!

To explore the world of PandaEarth and help kickstart the eco-friendly revolution, visit: www.pandaearth.xyz

Media Contact

Organization: Panda Earth

Contact Person: Jake

Website: http://pandaearth.xyz/

Email: Send Email

Country: Singapore

Release Id: 24102418943

The post PandaEarth An Innovative Meme Coin is Gaining Popularity for its Focus on Sustainable Future appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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