Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Compliance February 5, 2019
DOL Announces Fiduciary Responsibilities Seminar in San Diego
In addition, the agency has announced a “Getting It Right – Know Your Fiduciary Responsibilities” three-day webcast series.
Reported by Rebecca Moore
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) announced its next “Getting It Right – Know Your Fiduciary Responsibilities” seminar will be held in San Diego, California, on March 5.
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
Topics to be covered in the seminar 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.
More information and a link to register are here.
In addition, the EBSA has announced a “Getting It Right – Know Your Fiduciary Responsibilities” webcast series will be held March 12 through March 14. Day 1 will discuss basic fiduciary responsibilities when operating an employer-sponsored retirement plan and Employee Retirement Income Security Act (ERISA) prohibited transaction provisions and exemptions. Day 2 will discuss ERISA’s reporting and disclosure provisions for employer-sponsored retirement plans and the DOL’s voluntary correction programs for retirement plans. Day 3 will discuss basic fiduciary responsibilities when operating an employer-sponsored group health plan, ERISA’s reporting and disclosure provisions, and Qualified Medical Child Support Orders (QMCSOs).