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Compliance March 17, 2014
DOL Hosting Series of Fiduciary Webcasts
The Department of Labor is presenting the “Getting It Right – Know Your Fiduciary Responsibilities” webcast series.
Reported by PLANADVISER staff
The webcast series will help employers and service providers understand how the fiduciary responsibility provisions of the Employee Retirement Income Security Act (ERISA) apply to employer-sponsored retirement and health plans, and provide information about how to avoid common problems in managing a plan.
Specifically, the series will cover understanding your plan and your responsibilities, carefully selecting and monitoring service providers, making contributions on time, providing appropriate disclosures to plan participants, filing annual reports to the government on time, and avoiding prohibited transactions.
The webcast series is being presented in three sessions. Attendees can register for all sessions or for individual sessions. During the webcasts, speakers from the U.S. Department of Labor will discuss the following information:
March 19 – Basic fiduciary responsibilities when operating an employer-sponsored retirement plan and ERISA’s prohibited transactions provisions and exemptions.
March 20 – ERISA’s reporting and disclosure provisions for employer-sponsored retirement plans and the Department of Labor’s voluntary correction programs for retirement plans.
March 26 – Basic fiduciary responsibilities when operating an employer-sponsored group health plan, ERISA’s reporting and disclosure provisions, and Qualified Medical Child Support Orders (QMCSOs). This webcast will not cover the Affordable Care Act.
Links for registration are available here.