Compliance June 24, 2013
DOL to Hold Two Fiduciary Seminars
The U.S. Department of Labor (DOL)
will be offering two seminars about retirement plan compliance and fiduciary
responsibilities.
Reported by PLANADVISER Staff
These seminars are being presented by the DOL’s Employee Benefits Security Administration (EBSA) as part of its “Getting It Right: Know Your Fiduciary Responsibilities” program. They are designed to assist small businesses in making sure their retirement plans are in compliance with the relevant regulations, as well as to increase awareness about basic fiduciary responsibilities.
One seminar will be held in Fairfax, Virginia, August 6. The other will be held in San Diego, California, July 23.
The seminars will cover:
•Fiduciary responsibility;
•Reporting and disclosure;
•Common mistakes and Internal Revenue Service (IRS) correction programs; and
•DOL Voluntary Correction Program.
Registration for the Fairfax seminar is here. Registration for the San Diego seminar is here.
You Might Also Like:
DOL Issues Final Retirement Security Rule
The much-anticipated fiduciary rule brings retirement plan advisement, one-time rollovers and annuity recommendations under ERISA.
Su Defends DOL Budget Request at House Hearing
The pending retirement security proposal was not a focus, and only one Congressman asked about it.
DOL Asks Plan Administrators to Provide Participant Data for Lost and Found
The missing participant database requires plans to voluntarily turn over participant data to the DOL.