Search
 

EBSA recovers $1.1 billion in FY 2017

Of the 1,700 civil investigations the DOL's workplace benefits regulatory agency EBSA closed last year, 65 percent resulted in cash recoveries or other corrective actions.

By Nick Thornton | Updated on February 13, 2018
Of the 1,700 civil investigations the DOL's workplace benefits regulatory agency EBSA closed last year, 65 percent resulted in cash recoveries or other corrective actions. (Photo: Shutterstock)

On Feb 1., BenefitsPRO published a story: At Labor, Regulators Rely on Advisor Tips for Enforcement. The headline, and some of the story’s reporting, inaccurately interpreted the ‘benefits advisors’ referenced in a DOL fact sheet as private-sector plan advisors. A reader pointed out this inaccuracy. The ‘benefits advisors’ referred to in the fact sheet are internal Labor employees who field inquiries, mostly from plan participants, that ultimately lead to plan investigations.

Not incidentally, BenefitsPRO sent an email to DOL requesting clarification on that very question. It wasn’t answered. We published our story based on our understanding of DOL’s fact sheet. We are grateful to our astute audience for helping us to continue to accurately report benefits industry news. 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

More from this author

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.