Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
Compliance April 8, 2015
DOL Announces Fiduciary Responsibilities Seminars
The Department of Labor is hosting educational seminars during May and June that can help plan sponsor clients better understand their roles and responsibilities as retirement plan fiduciaries.
Reported by PLANADVISER staff
Hosted by the DOL’s Employee Benefit Security Administration (EBSA), the “Getting It Right – Know Your Fiduciary Responsibilities” seminar series aims to increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. Specifically, discussion topics will include:
- Understanding your plan and your responsibilities;
- Carefully selecting and monitoring service providers;
- Making contributions on time;
- Avoiding prohibited transactions; and
- Making appropriate disclosures to plan participants and filing annual reports to the government on time.
The list of seminars, including locations, dates and links to register are as follows:
You Might Also Like:
DOL Backs Morgan Stanley, Says Deferred Pay Is Exempt from ERISA
The Department of Labor decided that Morgan Stanley's deferred compensation program is a bonus, rather than a pension plan subject...
IBM Accused of $14B Pension Risk Transfers to ‘Unsafe’ Insurer
IBM allegedly jeopardized the retirement security of more than 132,000 former workers by offloading billions of dollars in two pension...
DOL Will Replace Biden-Era Independent Contractor Rule
The agency has not been enforcing the 2024 rule and will consider a new one, using pre-2024 standards in the...