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David C. Kaleda

David C. Kaleda is a principal in the Fiduciary Responsibility practice group at the Groom Law Group in Washington, D.C.  Mr. Kaleda has an extensive background in the employee benefits and financial services sectors.  His broad range of experience includes handling fiduciary matters impacting plan sponsors, investment and other fiduciary committees, investment managers/advisors, recordkeepers and other service providers.  For example, he advises clients on the avoidance and resolution of prohibited transaction issues, fiduciary governance, the use of revenue sharing to pay plan expenses, the structuring of alternative investment funds, and day-to-day compliance issues arising under the Employee Retirement Income Security Act and the Internal Revenue Code in the conduct of their businesses.  He also has substantial experience dealing with tax issues involving qualified plans and representing clients before the Department of Labor (DOL) and Internal Revenue Service (IRS).  In December of 2011, Mr. Kaleda was appointed by the Secretary of Labor to the DOL's ERISA Advisory Council for a three-year term (2012-2014).  He received his LLM in Taxation from Villanova University School of Law, his JD from Duquesne University School of Law and his BA from the College of New Jersey. He is admitted to practice in Washington D.C., Pennsylvania and New Jersey.  Mr. Kaleda has received numerous honors and awards including being listed in The Legal 500 US, Employee Benefits and Executive Compensation (2014) and The Best Lawyers in America, Employee Benefits Law (2014-2015).  He is on the Editorial Board of The Investment Lawyer and is a member of both the Department of Labor ERISA Advisory Council and the National Society of Compliance Professionals.

Education

  • LL.M., Taxation,Villanova University School of Law
  • J.D., Duquesne University School of Law
  • B.A., The College of New Jersey

Honors & Awards

  • Listed, The Legal 500 US, Employee Benefits and Executive Compensation (2014)
  • Listed, The Best Lawyers in America, Employee Benefits Law (2014-2015)
  • Editorial Board, The Investment Lawyer

Publications & Press

"Do You Really Want to Do That? IRAs and the Prohibited Transaction Provisions," The Investment Lawyer, May 2012

"Should You Have a Formal ERISA Compliance Program?," NSCP Currents, August 2012

"Disclosure of Compensation by RIAs to ERISA Plans: Are You Ready?," IAA Newsletter, July 2011

"Are You Ready to Comply with the DOL’s New Disclosure Regime?," The Investment Lawyer, January 2011

"The Great Recession: Fiduciary Lessons Learned from the Financial Crisis," The ASPPA Journal, July 2010

"Reviewing Your Fidelity Bond: What You Need to Know," The ASPPA Journal, June 2009

"Look Mom and Dad, No Hands: Developments in U.S. Pension Law Pertaining to Default Investment of Plan Assets," Journal of the International Pension & Employee Benefits Lawyers Association, October 2008

"Target-Date Retirement Funds in the Crosshairs: Part One," Benefits Law Journal, September 2009

"Environmental, Social and Governance Issues, Corporate Social Responsibility and Socially Responsible Investing: A U.S. perspective," Journal of the International Pension & Employee Benefits Lawyers Association, July 2009

 

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