Fiduciary Education Campaign

Getting It Right - Know Your Fiduciary Responsibilities

The Fiduciary Education Campaign, a compliance assistance initiative of the Employee Benefits Security Administration (EBSA), is designed to improve workers' health and retirement security by educating employers and service providers about their fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA).

Plan sponsors and other fiduciaries have a solemn responsibility to protect the interests of the workers and retirees in their benefit plans. The Department's program "Getting It Right-Know Your Fiduciary Responsibilities" will provide employers and plan officials with an understanding of the law and their responsibilities and will focus on steps for avoiding the most common problems EBSA encounters in its enforcement activities. The program emphasizes the obligation of plan sponsors and other fiduciaries to:

Understand the terms of their plans;
Select and monitor service providers carefully;
Make timely contributions to fund benefits;
Avoid prohibited transactions; and
Make timely disclosures to workers and their beneficiaries and reports to the government.
The Fiduciary Education Campaign includes nationwide educational seminars and webcasts to help plan sponsors understand rules and meet their responsibilities to workers and retirees, thereby improving their financial security. The campaign also includes educational materials on topics such as understanding fees and selecting an auditor.

Previous Seminar Locations

Atlanta, GA Burlington, MA Chicago, IL Columbus, OH Dallas, TX Detroit, MI Denver, CO Eastlake, OH Farmington, CT Kansas City, MO Los Angeles, CA	Melville, NY Miami, FL Milwaukee, WI Minneapolis, MN Nashville, TN New Orleans, LA New York, NY Norfolk, VA Pasadena, CA Philadelphia, PA	Phoenix, AZ Pittsburgh, PA Portland ME Sacramento, CA Saddle Brook, NJ San Antonio, TX San Francisco, CA Seattle, WA St. Louis, MO Tucson, AZ
Webcasts

Getting It Right-Know Your Fiduciary Responsibilities Webcast Archive Part I • Part II

ERISA Fiduciary Advisor

The ERISA Fiduciary Advisor provides information and answers to a variety of questions about who is a fiduciary and their responsibilities under ERISA. It was developed by EBSA in its continuing effort to increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan

Publications

Voluntary Fiduciary Correction Program

The Voluntary Fiduciary Correction Program (VFCP) is designed to encourage employers to voluntarily comply with ERISA by self-correcting violations of the law. Workers can benefit from the program as a result of the increased retirement security associated with restoration of plan assets and payment of additional benefits. The program also will help plan officials understand the law. In addition, the Department is giving applicants immediate relief from payment of excise taxes under a class exemption.

Delinquent Filer Voluntary Compliance Program

The Delinquent Filer Voluntary Compliance Program (DFVCP) is designed to encourage voluntary compliance with the annual reporting requirements under ERISA. The program gives delinquent plan administrators a way to avoid potentially higher civil penalty assessments by satisfying the program’s requirements and voluntarily paying a reduced penalty amount. To increase incentives for delinquent plan administrators to voluntarily comply, the Department reduced penalties and simplified the rules governing participation in the program.

DOL Regulatory, Interpretive And Amicus Update Webcast Toolkit

Employee Benefit Plan Filing Update Webcast Toolkit

Know Your Fiduciary Responsibilities - PPA Update & Related Guidance Webcast Toolkit

Campaign Partners