Compliance July 13, 2016
DOL Hosting Fiduciary Responsibilities Seminars in July and August
The agency has announced three locations at which it will host its seminar.
Reported by Rebecca Moore
The Department of Labor’s Employee Benefits Security Administration (EBSA) is hosting three fiduciary responsibilities seminars in July and August, in locations across the country.
The “Getting It Right – Know Your Fiduciary Responsibilities” seminar series aims to increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. Specifically, discussion topics will 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.
The seminar will be held in Milwaukee, Wisconsin, July 20. Registration is here.
The seminar will be held in Little Rock, Arkansas, August 2. Registration is here.
The seminar will be held in Newark, New Jersey, August 18. Registration is here.You Might Also Like:
GAO Recommends DOL Update TDF Guidance
GAO reports concerns about a lack of understanding of TDF glidepaths and the growth of CIT TDFs.
Unsolicited and Implied Rollovers Under the New Fiduciary Rule
Experts parse how a retirement participant’s path to making a rollover will be viewed under the final Retirement Security Rule.
Advisers Compliant with Reg BI are Compliant with Fiduciary Rule, EBSA Says
Ali Khawar added that insurance agents should be knowledgeable of the assets a client is giving up to buy an...