This document discusses the responsibilities of fiduciaries for retirement plans. It notes that fiduciaries must act solely in the interests of plan participants, carry out their duties prudently, follow plan documents, diversify investments, and pay only reasonable expenses. As a fiduciary, you are obligated to prudently select and monitor plan investments and investment options. The document also provides statistics about funds restored to employee benefit plans and participants by the Employee Benefits Security Administration in the 2019 fiscal year.

1. Manage all your obligations with one simple App
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What is the significance of
being a fiduciary?
Fiduciaries have important responsibilities and are
subject to standards of conduct because they act on
behalf of participants in a retirement plan and their
beneficiaries. These responsibilities include:
■ Acting solely in the interest of plan participants and
their beneficiaries andwith the exclusive purpose of
providing benefits to them
■ Carrying out their duties prudently
■ Following the plan documents
(unless inconsistent with ERiSA)
■ Diversifying plan investments
■ Paying only reasonable plan ex penses
As a plan fiduciary
you have an obligation under ERISA
to prudently sel ect and monitor plan
investments, investment options
made available to the plan's
participants and beneficiaries, and
the persons providing services to
your plan.
Knowledge is Power
Over $2.5 Billion
EBSA Restored to Employee Benefit Plans,
Participants and Beneficiaries in FY 2019
76 Persons
Indicted by EBSA Investigations for Crimes Related
To Employee Benefit Plans in FY 2019
$ 510 Million
Restored to Workers through Informal Complaint
Resolution in FY 2019
Over 1788
Education and Outreach Events held in FY 2019
Extensive Publication and Web Site
Usage Furthers Outreach Efforts
https://www.dol.gov/sites/default/•
files/ebsa/about-ebsa-
/our-activities/resource-center/public
ations/meeting-your•fiduciary-respon
sibilities.pdf
https://www.dol.gov/sites/default/­
files/ebsa/about-ebsa•
Iour-activitiesiresource-center/public
ations/understanding-re tirement-pla
n-fees-and-expenses.pdf
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