Educational Initiatives for ERISA Fiduciaries

This article by Jill Elswick for BenefitNews.com–“DOL develops educational resources for fiduciaries”–comments on the ERISA Advisory Council’s Working Group on Fiduciary Education and Training and its educational initiative to help fiduciaries comply with the myriad requirements of ERISA. The Group’s final report can be accessed here. The article also reports that the Foundation for Fiduciary Studies has released 27 “prudent investment practices”–each substantiated with existing legislation, case law, and regulatory opinion letters and vetted by the American Institute of Certified Public Accountants (AICPA)–into the public domain for comment here. Finally, the article discusses a new program for fiduciary education offered by New York Life Investment Management’s (NYLIM) retirement plan services division which you can read about here.