USDOL Webinar Series: Getting It Right – Know Your Fiduciary Responsibilities – Part Two
This 3-part series is targeted at small-business owners and plan administrators, and features speakers from DOL’s Employee Benefits Security Administration (EBSA) discussing topics including:
- Basic fiduciary responsibilities
- Prohibited transactions & exemptions
- Reporting & disclosure requirements
- Voluntary correction programs
This webinar 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 will provide information on 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, filing annual reports to the government on time, and avoiding prohibited transactions.