Municipal employers provide 457 retirement plans that allow employees to defer compensation into it on a pre-tax or after-tax basis. While these employer-sponsored plans do not fall under the purview of the Employee Retirement Income Security Act (ERISA), most states still impose fiduciary duties on government employers within their own state laws. Understanding fiduciary standards and implementing ERISA best practices can help your organization maintain accountability, mitigate liability and satisfy employee participants. In this session, attendees will learn:
• The primary fiduciary responsibilities when sponsoring a 457 plan
• The guiding principles of ERISA best practices
• Actionable elements to help develop a process to fulfill fiduciary responsibility
HRCI Credit: This activity has been approved for 1 HR (General) recertification credit hour toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute. The program ID number verifying completion of the webinar will be emailed after the session (allow several days). NOTE: To ensure we can track your attendance so you receive the program ID, register using your email address and sign in using that address on the day of the webinar. (If you are in a conference room and/or otherwise use someone else's sign-on information, your attendance will not be recorded and the program ID cannot be issued.) YOU MUST ATTEND THE WEBINAR FOR THE FULL HOUR TO RECEIVE THE PROGRAM ID. More on certification or recertification at HRCI at www.hrci.org.
CBIZ Retirement Plan Services is a trade name under which certain subsidiaries of CBIZ, Inc. (NYSE Listed: CBZ) market investment advisory, investment management, third party administration, actuarial and other retirement plan services. Investments, investment advisory and investment management services offered through CBIZ Financial Solutions, Inc., Member FINRA, SIPC and SEC Registered Investment Adviser, dba CBIZ Retirement Plan Advisory Services. Investment advisory and investment management services may also be offered through CBIZ Investment Advisory Services, LLC, SEC Registered Investment Adviser. Third party administration, actuarial and other consulting services offered through CBIZ Benefits & Insurance Services, Inc.