BRUCE D. RUUD, CEBS, CFP, CRPS, CMFC
2001 – Present Bruce Ruud & Associates, LLC
Department of Labor
Revenue Agent, IRS
Certified Employee Benefit Specialist
Certified Financial Planner
Bruce D. Ruud, CFP, CEBS, CMFC, CRPS is
president of Bruce Ruud & Associates, LLC, an employee benefits consulting firm
serving clients throughout the U.S. The firm provides advice to fiduciaries and
plan sponsors regarding their obligations under Title I of ERISA and litigation
support to employee benefit attorneys.
1977 – 2001 U.S. Department of Labor,
Pension and Welfare Benefits Administration
Mr. Ruud joined the Pension and Welfare
Benefits Administration of the U.S. Department of Labor in 1977 as an
Investigator in the New Orleans Area Office. He transferred to Dallas as the
Deputy Area Director in August 1985 and became the Regional Director in 1991. He
retired in 2001 to pursue interests in the private sector. The Dallas Region is
responsible for civil enforcement of Title I of the Employee Retirement Income
Security Act of 1974 and the criminal statutes in Texas, Louisiana, Arkansas,
New Mexico and Oklahoma with respect to employee benefit plans sponsored in the
private sector. There are approximately 90,000 plans throughout this Region,
which covers 12 million participants and contain over $300 billion in assets.
During his tenure as the Regional Director, the Region recovered over $260
million for workers and their families. In addition, 137 individuals were
convicted or pleaded guilty for crimes they committed against employee benefit
plans. Sentences ranged from probation to 235 months. He supervised between
5000-6000 investigations during this time and was personally involved in the
settlement of each voluntary compliance case in the Region. He was the final
decision maker on whether a case was meritorious of litigation and the
settlement terms for each complaint filed. Mr. Ruud participated in the Court
ordered mediation of all civil cases during his 16 year tenure in the Dallas
Region. He was also responsible for outreach programs and liaison activities
with the thirteen judicial districts in his region, state attorneys general,
insurance commissioners and Congressional staffs.
1972-1977 Internal Revenue Service
Mr. Ruud was a Revenue Agent for the
Internal Revenue Service in Corpus Christi, Texas and New Orleans, Louisiana. He
joined the IRS in 1972 and spent three years performing audits of individuals,
partnerships and corporations until 1975 when he joined the Employee Plans
Division and reviewed employee benefit plans to insure compliance with ERISA.
Prior to that, he worked as a cost accountant in the private sector.
Bachelor of Business Administration, University of Texas at Austin, 1971
Certified Employee Benefit Specialist
Certified Financial Planner (1999)
Chartered Mutual Fund Counselor
Chartered Retirement Plans Specialist
Mr. Ruud is a frequent speaker on issues
regarding employee benefit plans to organizations such as the Dallas Bar
Association, the Southwest Benefits Association, Certified Employee Benefit
Specialists, the National Defined Contribution Council, the Society of Financial
Service Professionals, the Certified Financial Planners and many others.
Expert Witness Testimony
Bruce Ruud has testified many times as an
expert on employee benefit plan matters in Federal District Court as well as the
House Ways and Means Oversight Committee of the U.S. Congress. During recent
years, he testified in the following cases:
U.S. v. John Herring, Martha Sewell,
Southern Style Success, Inc., Golden Goose Enterprises, Inc., Goldco
International, Ltd., Success Southern Style, LLC and Home Care Center, Inc.
in the United States District Court of the Eastern District of Louisiana
U.S. v. Richard Allison Hammond in
the United States District Court of the Southern District of Texas
U.S. v. Lynn Mcdon Wells in the
United States District Court of the Southern District of Texas
U.S. v. Michael McCord and O.B. Haley
in the United States District Court of Western District of Texas
John H. Litzler, as Chapter 7 Trustee
for Ameritruck Distribution Corp, et. Al. v. Acordia National Inc.; Acordia
of Viriginia, Inc.; Acordia of West Virginia, Inc.
Terrence M. Hanlon vs. Alfred J.
Melillo, Individually, as Trustee of the Harold Schnair Sales Company, Inc.
Profit Sharing Plan and Trust, and as Director of the Harold Schnair Sales
Company Inc., Harold Schnair Sales Company, Harold Schnair Sales Company
Inc. Profit Sharing Plan, Harold Schnair Sales Company Inc. Profit Sharing
Trust, RBC Dain Rauscher Inc., J. Everett Airington, Wake Financial Group,
Inc. and Sharon M. Wake in the United States District Court, Northern
District of Texas, Fort Worth Division.
Jerry R. Summers, George T Lenormand,
Jeffrey D. Crites, Louise Van Rensburg and James E. Shambo, individually and
on behalf of all others similarly situated vs. UAL Corporation ESOP
Committee, Marty Torres, Barry Wilson, Doug Walsh, Ira Levy, Don Clements,
Craig Musa and State Street Bank &Trust Company in the United States
District Court for the Northern District of Illinois, Eastern Division
In re: Electronic Data Systems
Corporation “ERISA Litigation in the United States District Court for the
Eastern District of Texas, Tyler Division
William Faulman, Michael Faulman and
U.S. Investment Advisors, Inc. on behalf of themselves and others similarly
situated vs. Security Financial Life Insurance Company in the United States
District Court for the District of New Jersey.
In re: Touch America Holdings, Inc. ERISA Litigation in
the United States District Court for the District of Montana, Butte
Eslava et al. vs. GulfTel et al. in
the United States District Court of the Southern District of Alabama,
National Security Systems, Inc. et
al. vs. Robert L. Iola, Jr. et al. in the United States District Court of
The Mineo Corporation, The Mineo
Corporation Employee Welfare Benefit Plan et al. vs. Phillip D. Rowe et al.
in the Eastern District of North Carolina, Northern Division
Spinedex Physical Therapy, et al vs.
United Healthcare of Arizona, et al in the United States District Court for
the District of Arizona.
Lou Haddock, as trustee of the Flyte
Tool and Dye Company Inc. 401(k) Profit Sharing Plan, et al. v. Nationwide
Financial Services, Inc. and Nationwide Life Insurance Company in the United
States District of Connecticut.
In re: Northrop Grumman Corporation
ERISA Litigation in the United States District Court for the Central
District of California
J. Gregory Brown v. Passione Rossa,
LLC in the Superior Court of California, County of Los Angeles, Central