Browsing Tag
Employee Benefits Security Administration (EBSA)
110 posts
The Employee Benefits Security Administration (EBSA) is a division of the U.S. Department of Labor responsible for protecting the integrity of private-sector employee benefit plans. It oversees retirement, health, and other welfare benefit plans under the Employee Retirement Income Security Act (ERISA). EBSA enforces compliance, provides guidance, and ensures workers, retirees, and their families receive the benefits they’ve earned.
Fiduciary Rule Update: Hearings, Lawsuits and Compliance Prep
With just 3 months until the DOL’s Retirement Security Rule is scheduled to become effective, here’s a look at some of the latest developments
Too Much Information: Group Says DOL Overreaches with ‘Lost and Found’ Database
ERISA Industry Committee demands scaling back of data needed for SECURE 2.0-mandated database set to go live by end of year
DOL Finalizes Amendment to QPAM Exemption
The final amendment responds to changes in the financial services industry since the exemption’s 1984 establishment
EBSA Recovered $1.4 Billion in 2023 for Employee Benefits Plans, Participants and Beneficiaries
Recoveries made through enforcement efforts, informal complaint resolutions
Feds Want Your Help to Improve Retirement Plan Benefits Info
Responses to multi-agency request for information will help shape report to Congress mandated by SECURE 2.0
DOL Proposes SECURE 2.0 Auto-Portability Regulation
The regulation seeks to reduce cash-outs for workers when changing jobs, the DOL said in its announcement
EBSA Issues FAQ Guidance for Emergency Savings Accounts
Guidance on pension-linked emergency savings accounts comes on heels of last week’s PLESA guidance from IRS
DOL Retirement Security Hearing: Groups Express Both Support and Strong Opposition
American Retirement Association among first to voice its views to Employee Benefits Security Administation over the proposed rule
‘A’ List Industry Lineup Set to Testify in Dec. 12-13 Fiduciary Rule Hearing
DOL publishes agenda for two days of online hearings on its controversial proposed retirement security rule, related proposed exemption amendments
Fiduciary Rule Comment Period Extension Request Denied
EBSA’s Lisa Gomez tells coalition requesting extension to 60-day comment period that it will not happen; hearing scheduled for Dec. 12-13