Join us for a Webinar on October 12, 10:00 a.m. CDT
In a recent green industry survey, 88% indicated that their firm provides some sort of retirement option for their employees. In an effort to make retirement plan fees more transparent for plan sponsors and participants, the U.S. Department of Labor (DOL) has implemented new rules known as 408(b)(2). These rules contain a new mandate for thorough disclosure of direct and indirect fees charged by service providers on covered plans. The purpose of these new rules is twofold: to shed light on the excessive and hidden fees imposed by many service providers, and to clarify who is acting in a fiduciary capacity to the plan. In order to avoid DOL audits, fines, or even potential lawsuits, plan sponsors should be proactive about compliance with these new regulations.
This webinar will explain the details of these new regulations and how they impact your duties as a plan sponsor. We will cover your fiduciary responsibilities and how to avoid conflicts of interest. We will also discuss cost-saving measures and tips for alleviating future compliance headaches. You may find that after compliance with these new rules makes your plan even better and more cost effective than before!
After this webinar, plan sponsors should know:
- The requirements of the new rules and how to comply with in order to avoid DOL fines, audits, and lawsuits.
- The various types of hidden fees in their retirement plan.
- Who is and who is not a fiduciary.
- How to avoid “Prohibited Transactions”.
- How to implement best practices with regards to their plan.
Our presenter Todd Kading, CFPR, ChFCR, RFT, is the Managing Director of Austin-based LeafHouse Financial Advisors. He has over 15 years of experience in the industry and is one of only two Registered Fiduciaries in the state of Texas. Recently Todd has been educating various groups about this important topic including Fox Business News, the National Federation of Independent Businesses, and numerous Texas SHRM chapters.
Title: New Department of Labor Regulations and Their Impact on Retirement Plan Sponsors
Date: Wednesday, October 12, 2011
Time: 10:00 AM – 11:00 AM CDT
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Required: Mac OS® X 10.5 or newer
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