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Announcement

US Labor Department to sponsor free webcasts March 23 and 24 to help employers, retirement plan fiduciaries, service providers comply with law

employers, retirement plan fiduciaries, service providers comply with law

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration will sponsor “Getting It Right – Know Your Fiduciary Responsibilities” webcasts on Wednesday, March 23, and Thursday, March 24. The webcasts are part of the agency’s national fiduciary education campaign to increase awareness and understanding of basic responsibilities associated with operating private sector retirement plans.

The webcasts will feature speakers from the Labor Department. The March 23 webcast will focus on basic fiduciary responsibilities as well as prohibited transactions and exemptions under the Employee Retirement Income Security Act. The March 24 webcast will include information on the reporting and disclosure provisions of the law, and the department’s voluntary correction programs.

Who: Hosted by U.S. Department of Labor’s Employee Benefits Security Administration for employers, plan fiduciaries and providers of plan services

What: Fiduciary education seminar webcasts

When: March 23 and 24, 1-2:30 p.m. EDT

How: Registration is required and available on a first-come, first-served basisThe event is open to news media. Press planning to cover the webcasts should notify the Labor Department’s Office of Public Affairs using the contact information above.

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U.S. Department of Labor releases are accessible on the Internet at www.dol.gov. The information in this news release will be made available in alternate format (large print, Braille, audio tape or disc) from the COAST office upon request. Please specify which news release when placing your request at 202-693-7828 or TTY 202-693-7755. The Labor Department is committed to providing America’s employers and employees with easy access to understandable information on how to comply with its laws and regulations. For more information, please visit www.dol.gov/compliance.

Agency
Employee Benefits Security Administration
Date
March 21, 2011
Release Number
11-388-NAT