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Compliance May 31, 2017
DOL Takes Fiduciary Responsibilities Seminar to Cleveland
The DOL says the seminar will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.
Reported by Rebecca Moore
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) has announced its “Getting It Right – Know Your Fiduciary Responsibilities” seminar will be held in Cleveland, Ohio, on July 11.
The DOL says the seminar will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. It notes that complying with all fiduciary responsibilities can be challenging—especially for small and medium sized employers who have limited time, resources, and access to professional help with benefit programs.
Topics 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.
The seminar will be from 8:30 to 4:30 EDT at the Double Tree Hilton – Cleveland.
More information and a link to register is here.
A reminder that a separate DOL seminar on fiduciary responsibility will be held in Springfield, Illinois, on June 21.