Carlton Fields has announced the addition of Carol McClarnon as a shareholder within its financial services regulatory practice in Washington. McClarnon brings substantial experience in representing retirement plan service providers and plan sponsors before the Labor Department and Internal Revenue Service. Her work primarily addresses compliance with Title I of the Employee Retirement Income Security Act (ERISA), focusing on its fiduciary duty and prohibited transaction mandates. This marks her transition from her previous tenure at Eversheds Sutherland.
The firm’s decision to onboard McClarnon underscores its commitment to strengthening its competence in handling complex compliance and regulatory issues. McClarnon’s expertise is expected to bolster the firm’s capabilities in addressing compliance matters effectively, particularly those involving intricate regulatory frameworks.
For more detailed information about this development, you can read the original report by Bloomberg Law.