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Compliance September 6, 2008
DoL to Offer Free Fiduciary Workshops for Small Businesses
September 5, 2008 (PLANSPONSOR.com) - The U.S.
Department of Labor's Employment Benefits Security
Administration (EBSA) will provide a free workshop this month
to help small businesses, employers, employee benefit
professionals and others understand their fiduciary
responsibilities under the Employee Retirement Income
Security Act (ERISA).
Reported by Nevin E. Adams
Topics include the EBSA’s Voluntary Fiduciary Correction Program (VFCP), an introduction to fiduciary responsibilities under ERISA, and an overview of the Health Insurance Portability & Accountability Act (HIPAA).
The VFCP (see Heal Thyself? ) offers an opportunity for fiduciaries to make changes to 19 eligible ERISA transactions. Information will be presented on eligibility for relief of Internal Revenue Service excise taxes and how a fiduciary may contribute funds to its ERISA-covered plan that would otherwise be owed in excise tax.
The workshop will take place on Thursday, September 25 from 8:30 a.m. to 4:30 p.m. EDT at the University of Memphis FedEx Institute Of Technology at 365 Innovation Drive in Me, Tennessee. According to an announcement, the day-long seminar will focus on issues facing small and medium sized employers that may have limited time, resources and access to professional assistance.
Participants seeking more information or to register for the workshop should e-mail or telephone Jennifer Donald ( Donald.Jennifer@dol.gov and 404-302-3911) or Anedra Williams ( Williams.Anedra@dol.gov and 404-302-3960). You can also fax requests to 404-302-3977. Attendance is limited and registrations should be received by Sept.19. Late registrations will be accepted based on availability.
More information is online at http://www.dol.gov/ebsa/pdf/FidEdTN.pdf