DOL has a banner year in 2020 with investigations

The Department of Labor’s Employee Benefits Security Administration (EBSA) had a banner year in fiscal 2020, having recovered over $3.1 billion in direct payment to plans, participants, and beneficiaries. $2.6 billion of that was recovered in their investigations. EBSA closed 1,122 civil investigations with 754 of those cases (67%) resulting in monetary results for plans “or other corrective action.” EBSA closed 230 criminal investigations which led to the indictment of 70 individuals.

This entry was posted in Retirement Plans. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *