U.S. Labor Department launches interactive web tool to help employers comply with retirement laws

Archived News Release — Caution: Information may be out of date.

Washington – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) today announced a new interactive Web tool to serve as a resource for employers in complying 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 ERISA Fiduciary Advisor, at www.dol.gov/elaws/ERISAFiduciary.htm, provides:

• An overview of basic fiduciary responsibilities.

• Interactive questions and answers.

• Resource material.

The new Web portal guides users through easy-to-use windows to navigate valuable tools and facts about retirement laws. The e-tool is part of EBSA’s continuing efforts to expand the nationwide campaign launched by Secretary of Labor Elaine L. Chao in 2004 to improve workers’ health and retirement security by educating employers and service providers about their fiduciary responsibilities under ERISA.

U.S. Department of Labor news releases are accessible on the Department's Newsroom page. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the COAST office. Please specify which news release when placing your request at 202.693.7828 or TTY 202.693.7755. The U.S. Department of Labor 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 the Department's Compliance Assistance page.

Archived News Release — Caution: Information may be out of date.