For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Compliance May 9, 2012
EBSA Hosts Fiduciary Seminars in Boston and NYC
May 9, 2012 (PLANSPONSOR.com) – The Department of Labor’s Employee Benefits Security Administration (EBSA) scheduled two “Getting it Right: Know Your Fiduciary Responsibilities” seminars.
Reported by Rebecca Moore
The event will be held in Boston June 6 and in New York City June 13.
Topics covered 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.
More about the Boston seminar is available athttp://www.dol.gov/ebsa/pdf/fidedMA060612.pdf.
More about the New York City seminar is available at http://www.dol.gov/ebsa/pdf/fidedNY061312.pdf.You Might Also Like:
DOL Proposes Required Annual Paper Statements for Retirement Plans
Plan administrators would have to mail at least one paper benefit statement each year, update e-delivery rules and absorb new...
Private Investments Could Put New Demands on Plan Fiduciaries
Regulatory clarity and evolving fund structures are increasing private market exposure in retirement plans, but experts say prudence, process and...
Attorneys Discuss Implications as PBMs Face Rebate Pass-Through Mandate, Fee-Disclosure Rules
Groom Law Group lawyers say new reporting, participant access and $10,000-per-day penalties could reshape PBM contracting—and raise fiduciary scrutiny of...
« Employers Control Health Care Costs with Wellness Initiatives