DOL Announces Fiduciary Seminar in Rhode Island

The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) announced its “Getting It Right – Know Your Fiduciary Responsibilities” seminar will be held in Providence, Rhode Island, on June 28.

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.