ERISA Compliance Associates, LLC

401(k) University & Fiduciary Forum

To ensure that our clients have the most current processes and procedures for successful plan administration, ERISA Compliance Associates, LLC (ECA) provides a 401(k) University and Fiduciary Forum for in-house benefits administrators, fiduciaries, and trustees.

The great news… our client’s in-house staff and managers will receive instructions from nationally recognized educators in plan administration operations and will have direct contact with those at ECA who provide that training.
The seminars are individually designed with Plan Sponsors in mind and cover the following topics:

401(k) University

Some of the topics for the 401(k) University are:

Characteristics of a well-designed 401(k) Plan

Human Resources/ Benefits

Plan Operations: The cycle of administration

Providing Summary Plan Descriptions at point of hire

Employee Notices for Safe-Harbor 401(k) Plans

The Enrollment (or Automatic Enrollment) Process

Updating Beneficiary Designation forms

Participant Loan & Distribution Procedures

QDRO & Rollover Procedures

Summary Annual Report disclosure to Participants

Payroll-related issues

Timely deposits of elective deferrals

Participant loan administration

§402(g) deferral and catch-up limitations for each calendar year

Fiduciary Forum

The Employee Retirement Income Security Act’s (ERISA) fiduciary responsibility standards impose on plan fiduciaries, among other things, a duty of loyalty to plan participants and a duty of care. These fiduciary obligations are among the “highest known to law.” An individual plan fiduciary who breaches his or her duties under ERISA may be held personally liable for any losses to the plan that result from such breach. Some of the topics for the Forum are:

Identifying the Known (and deemed) Fiduciaries

Fiduciary Responsibility

ERISA Fidelity Bonds vs. Fiduciary Liability Insurance -

How are fiduciaries protected?

Handling Employee contributions timely

(Deposit of salary deferrals & loan payments)

Participant Loans Administration Liabilities

Employee Notice and Disclosure Requirements and Fiduciaries Duties

ERISA §404(c) Protection

Form 5500: Annual Return for Department of Labor and IRS

Fiduciary Compliance Review: 25 Essential Points