Employee Benefits Security Administration to host webcasts for small businesses on retirement savings plans

WASHINGTON – The U.S. Department of Labor’s Employee Benefits Security Administration will host two free webcasts for small business owners on retirement savings plans as part of America Saves Week.

The first webcast on Wednesday, February 27, 2013, from 2 to 4 p.m. EST, will discuss retirement savings options available for small businesses interested in starting a plan. The webcast will provide practical information and tips to help employers understand and compare these options. The department will be joined by SCORE, a resource partner of the Small Business Administration, to discuss how and when small businesses can consider retirement savings plans. The Consumer Federation of America and NACHA-The Electronic Payments Association, will focus on direct deposit as a way to encourage employees to build retirement savings at work.

On February 28, 2013 from 5 to 6 p.m. EST, the department will hold the second webcast, Helping Small Business Owners with New Retirement Plan Fee Disclosures. A recent rule from the department will help small business owners select and monitor plan service providers.  Under this rule, service providers must disclose information on the administrative and investment costs associated with their services to a plan. The webcast will help small business owners understand the new rule, including the type of information to expect and how to use this new information in carrying out their responsibilities with respect to the plan. 

Register for the webcasts online at www.dol.gov/ebsa.

U.S. Department of Labor news materials are accessible at www.dol.gov. The information above is available in large print, Braille, audio tape or disc from the COAST office upon request by calling 202-693-7828 or TTY 202-693-7755.