DOL Announces Fiduciary Seminar in New York City

The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) announced its “Getting It Right – Know Your Fiduciary Responsibilities” seminar will be held in Queens in New York City on May 17.

The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.

Topics to be 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.