DOL recovered a bunch

The Department of Labor (DOL) released its 2020 enforcement fact sheet, showing the work they did for retirement plans and plan participants. The DOL recovered over $3.1 billion in direct payments to plans, participants, and beneficiaries. 

The DOL’s Employee Benefits Security Administration (EBSA) conducted 1,122 civil investigations, 754 of which (67%) resulted in monetary results for plans or other corrective action. 

EBSA closed 230 criminal investigations, which led to 59 guilty pleas or convictions and the indictment of 70 persons (including plan officials, corporate officers, and service providers) for crimes related to employee benefit plans.

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

Leave a Reply

Your email address will not be published.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