EBSA Announces Additional Fiduciary Compliance Seminars

The Department of Labor’s Employee Benefits Security Administration is hosting two more retirement plan compliance assistance seminars as part of its “Getting It Right—Know Your Fiduciary Responsibilities” series.  

The seminars will be held in Fort Wayne, Indiana, and Omaha, Nebraska, on August 22 and September 28, respectively. According to EBSA, the programs will “increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.” 

Previous EBSA seminars were recently held in Buffalo, New York, and Las Vegas. 

EBSA argued that “getting it right” is especially challenging for small and midsize employers who have limited time, resources and access to professional help with benefit programs.  

Topics covered in both seminars will include understanding plans and responsibilities; carefully selecting and monitoring service providers; making contributions on time; avoiding prohibited transactions and making appropriate disclosures to plan participants; and filing timely annual reports to the government.  

EBSA’s program combines free seminars around the country with educational materials and a dedicated page on EBSA’s website. 

Registration for the free seminars is on a first-come, first-served basis. For the Fort Wayne event, located at the Grand Wayne Convention Center, registration runs through August 18. For the Omaha event, located at the Hilton Omaha, the registration deadline is September 26.  

An agenda for both events can be found on the DOL’s website.  

Seminar partners include the Society for Human Resource Management, the National Federation of Independent Business, the U.S. Small Business Administration and the American Institute of Certified Accountants.