Browsing Tag
Employee Benefits Security Administration (EBSA)
118 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.
DOL Updates Voluntary Fiduciary Correction Program
Improvements including new self-correction tool help employers, plan officials comply with ERISA and protect workers’ benefits
DOL Announces Enforcement Relief for Missing Participants
New policy offers plan fiduciaries option for handling small payments when beneficiary cannot be located
DOL Appoints 5 to 2025 ERISA Advisory Council
Leadership also announced as Mayoung Nham will continue to serve as Council Chair and Anusha Rasalingam will serve as Vice Chair in 2025
Informational Copies of 2024 Form 5500 Now Available
EBSA joins IRS, Pension Benefit Guaranty Corp. in releasing informational copies and instructions online
DOL Starts Collecting Data for Retirement Savings Lost & Found
SECURE 2.0 mandates the new online database go live by Dec. 29
EBSA Updates Cybersecurity Guidance for Plan Sponsors and Fiduciaries
New Compliance Assistance Release confirms agency’s 2021 guidance applies to all ERISA-covered employee benefit plans, including health and welfare plans
Department of Labor Calls For Nominations to ERISA Advisory Council
The deadline to submit nominations is August 26
House Committee Vote to ‘Stop Biden’s Fiduciary Rule’ Set for Wednesday
Approval of resolution by the House Education and Workforce Committee would make it eligible for a full floor vote
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