To help increase awareness and understanding about basic fiduciary responsibilities when operating a retirement or health benefit plan, the Department of Labor is presenting the Getting It Right – Know Your Fiduciary Responsibilities webcast series.
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, getting it right means understanding your plan and your responsibilities, carefully selecting and monitoring service providers, making contributions on time, providing appropriate disclosures to plan participants and 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.
March 14 at 2:00 p.m. EDT, speakers from the DOL will discuss basic fiduciary responsibilities when operating an employer-sponsored retirement plan and ERISA’s prohibited transactions provisions and exemptions.
March 16 at 2:00 p.m. EDT, speakers will address ERISA’s reporting and disclosure provisions for employer-sponsored retirement plans and the Department of Labor’s voluntary correction programs for retirement plans.
March 21 at 2:00 p.m. EDT, speakers 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).Links to register for each day may be found here.