CHICAGO, Nov. 25, 2014 /PRNewswire-USNewswire/ -- "The Plan Sponsor Council of America (PSCA) is pleased to announce the re-launch of its online ERISA Fiduciary Training Program," announced Robert Benish, PSCA Executive Director. "The course has been updated to reflect the latest legislative, Internal Revenue Service (IRS) and Department of Labor (DOL) changes since the program was first made available in 2011," Benish said.
PSCA's ERISA Fiduciary Training Program is a three-module online course, which allows individuals to take the program at work or at home at their convenience. Each module includes a test, and, upon successful completion of the program, the participant earns a certificate. This certificate serves as evidence of an individual's completion of the curriculum and their commitment to ongoing compliance education. Successful completion will also provide the DOL, or other regulatory agency, with documentation that responsible individuals serving as fiduciaries have completed ERISA fiduciary training and have demonstrated an understanding of their role.
Three core modules comprise PSCA's ERISA Fiduciary Training Program:
- ERISA's Vision of the Fiduciary Role
- Selecting and Monitoring Service Providers
- Fiduciary Communications with Participants
A fourth optional module – The ERISA Decision-Making Framework – is also provided to offer a perspective on working with Investment or Administrative Committee members. The cost to take the program is $250 for members of PSCA and $750 for non-members.
PSCA's Fiduciary Training Program has helped hundreds of plan sponsors and service providers become better prepared to face their fiduciary duties. One of the first things the DOL asks when auditing a company is if its fiduciaries have received training. ERISA attorneys and retirement plan advisors strongly recommend that retirement plan fiduciaries have ongoing fiduciary training. PSCA's ERISA Fiduciary Training Program meets the need for an updated, unbiased source of retirement ERISA fiduciary education.
For further information, or to sign up for the program, go to PSCA.org or click the following link -- www.psca.org/PSCA-ERISA-Fiduciary-Training-Program
About the Plan Sponsor Council of America
The Plan Sponsor Council of America (PSCA) is a non-profit trade association supporting employer-sponsored retirement plans. For more than 60 years, PSCA has dedicated itself to serving the evolving needs of Defined Contribution (DC) plan sponsors who seek an unbiased source of industry information, education programs, and regulatory updates. Since its founding in 1947, PSCA has been on the forefront of protecting America's retirement system. Today, PSCA assists more than six million plan participants and provides its members with programs and services to help them better manage their company's retirement plans. For more information visit www.psca.org.
Plan Sponsor Council of America -- PSCA
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