DOL Announces Fiduciary Responsibilities Seminar in Illinois

The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) has announced its compliance assistance program, Getting It Right – Know Your Fiduciary Responsibilities seminar, will be held in Springfield, Illinois, on June 21.

The seminar will take a focus on fiduciary oversight, as well as protecting workers’ benefits, and is aimed at increasing awareness and understanding of fiduciary duties in managing a retirement plan—especially for small-and mid-sized employers with little time, resources and accessibility.

Key topics that will be discussed 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 at the Wyndham Springfield City Centre Rendezvous Room from 8:30 a.m. to 4:30 p.m. CDT.