David Kaleda’s broad range of experience includes handling fiduciary matters impacting plan sponsors, investment and other fiduciary committees, investment managers/advisors, recordkeepers, broker-dealers, banks, and other financial services firms. He advises clients on the avoidance and resolution of prohibited transaction issues, the structuring of alternative investment funds (including plan asset funds, real estate operating companies, and venture capital operating companies), and day-to-day compliance issues arising under ERISA and the Internal Revenue Code in the conduct of their businesses. He advises a number of firms on compliance with Department of Labor regulation, helping them to get related guidance and exemptions from the Department. David is a frequent speaker and author on a range of employee benefits-related topics. He authors the bi-monthly “Compliance Consult” column for PlanAdviser magazine and is a regular contributor of articles to The Investment Lawyer. His articles have also appeared in Employee Benefit News, Employee Benefit Adviser, Plan Sponsor Magazine, Employee Benefits Law Journal, Plan Consultant, and others. He has presented on ERISA-related topics for a number of organizations and has been quoted in numerous publications including On Wall Street, PlanSponsor Magazine, PlanAdviser Magazine, and Financial Adviser. David joined Groom in February of 2013 while serving on the Department of Labor’s ERISA Advisory Council, after working as an ERISA partner of a large law firm and prior to that as an ERISA compliance consultant and in-house ERISA attorney for a financial services firm. Professional Affiliations Member, National Society of Compliance Professionals Honors & Distinctions Secretary of Labor, Department of Labor ERISA Advisory Council (2012-2014) Listed, The Legal 500 US, Employee Benefits and Executive Compensation (2014, 2016) Listed, The Best Lawyers in America, Employee Benefits (ERISA) Law (2014-2022) Listed, Super Lawyers, Employee Benefits (2016-2020) Editorial Board, The Investment Lawyer
Publications Qualified Professional Asset Manager: An Important Tool for ERISA Fiduciaries The Investment LawyerFebruary 11, 2022
News The Best Lawyers in America 2022 Recognizes 18 Groom Attorneys The Best Lawyers in America August 19, 2021
Publications Financial Factors in Selecting Plan Investments Under ERISA NSCP Currents February 9, 2021
Publications DOL Interprets Five-Part Investment Advice Test and Issues Final Investment Advice Prohibited Transaction Exemption Groom PublicationDecember 22, 2020