USA Asset Management Regulatory You are the compliance supervisor for a company that offers an employee benefit plan that includes a retirement plan. You have been asked to prepare a presentation to the company’s board of directors regarding what is required from a regulatory standpoint to successfully administer the plan as this is the first year that a retirement plan is being offered. Q1. What are the key regulatory concerns of which you would brief the board? Prepare a memorandum that can be used to conduct the briefing. In the memorandum, clearly explain areas of importance concerning ERISA that include (i). fiduciaries’ responsibilities, (ii). operation of the plan, (iii). prohibited transactions and exemptions, (iv). information dissemination and (v). fees and expenses. Q2. Discuss at least 2 issues of concern from each of the five aforementioned areas. Q3. For replies: Follow-up on your initial post and describe how you might have advised a compliance supervisor regarding their areas of concern for the briefing. Discuss compliance requirements pursuant to ERISA. Replies should be provided in a narrative format to the compliance officer and total at least 4 paragraphs. To whom it may concern (Prof. James Smith) 1.The Citations must be in the bluebook formats as usual. 2.It must be noted that “it a USA Asset Management Regulatory.” 3. Q3 must contain at least 4 paragraphs. This