Compliance February 16, 2012

EBSA to Hold Webcast About Small Business Retirement Plan Options

February 16, 2012 (PLANSPONSOR.com) - As part of America Saves Week, the U.S. Department of Labor’s Employee Benefits Security Administration and the America Saves campaign of the Consumer Federation of America will host a free webcast for small businesses, their accountants and service providers.
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Topics for the webcast on Thursday, February 23, 2012, from 2 to 4 p.m. EST include choosing a retirement savings plan and the advantages of direct deposits to small businesses and their employees.  

The webcast will focus on retirement savings options ranging from simplified employee pensions and savings incentive match plans for employees, otherwise known as SEPs and SIMPLE IRAs, to various types of 401(k) plans. The simpler options often require little or no paperwork, while 401(k) plans offer more flexibility in plan design. Some plans allow employees to make additional contributions as a way to grow their retirement savings.    

The DoL will be joined by the American Institute of Certified Public Accountants to discuss retirement savings options available for small businesses. The webcast will provide practical information and helpful tips to understand and compare these options while also providing insights on starting and operating a retirement savings plan.   

Additionally, the Consumer Federation of America and NACHA-The Electronic Payments Association will focus on direct deposits as a simple way for employees to build retirement savings at work and a secure financial future. They also will discuss the advantages of direct deposit for employers, including simplifying business processes.   

Register for the webcast online at http://www.dol.gov/ebsa. 

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