NRECA Employee Benefits Weekly

Now Online: Conflict of Interest Regulation Webinar

Posted on Posted in Retirement Benefits

On May 11, 2017, Deputy General Counsel Jim Burton, with NRECA’s Benefit Trust Counsel Office, hosted a webinar about the U.S. Department of Labor’s new Conflict of Interest regulation. The session provided information for benefits administrators at cooperatives participating in the Retirement Security Plan or 401(k) Pension Plan. Burton discussed how this rule affects you and your co-op along with the steps NRECA has taken to ensure that it is in full compliance with this rule, which became effective on June 9, 2017.

The topics covered in the webinar include:

  • Review of the conflict of interest rule key dates and definitions
  • Types of prohibited advice
  • Types of education
  • Practical situations and examples

The recorded session lasts approximately one hour and is accompanied by a document that summarizes the brief question and answer period. The webinar can be accessed on Employee Benefits website at cooperative.com under Administration > Help & Resources > Webinars & Videos > Department of Labor’s Conflict of Interest Regulation.

For more background on this issue, please read the article in the April 26, 2017 issue of I&FS Weekly.

Questions? Contact Jim Burton at 703.907.5500 or james.burton@nreca.coop.

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