November 2007

DOL launches Web tool for retirement-law compliance

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) recently launched an interactive Web tool to serve as a resource for employers to comply with federal employee benefit laws.

The ERISA Fiduciary Advisor is designed to help employers and others who provide services to private-sector retirement plans understand their responsibilities. The advisor provides an overview of the Employee Retirement Income Security Act (ERISA), including the most common mistakes EBSA finds in its investigations, and provides links to additional information as well as tools to assist plan officials.

Strong fiduciary oversight and compliance assistance are both high priorities for EBSA.

The e-tool is part of EBSA’s continuing efforts to improve workers’ health and retirement security by educating employers and service providers about their fiduciary responsibilities under ERISA.

The ERISA Fiduciary Advisor is available at www.ChiroEco.com/erisa.

Source: U.S. Department of Labor, www.dol.gov

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