Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Compliance April 7, 2010
EBSA Enforcement Data Posted to the Web
The Employee Benefits Security Administration (EBSA) is one of a number of Department of Labor (DoL) agencies participating in a new Web site aimed at making a variety of enforcement data publicly available.
Reported by Fred Schneyer
According to the new site (http://ogesdw.dol.gov/index.php), EBSA has posted closed cases that resulted in a penalty assessment under the Deficient Filer program, the Late Filer program, and the Non-Filer program, beginning with FY2009. The agency is responsible for ensuring that plans file their annual Form 5500 timely, completely, and accurately through the enforcement programs as well as a voluntary compliance effort.
EBSA said the information will be updated quarterly.
The new site will also include enforcement data from the Occupational Safety & Health Administration (OSHA) and the Wage and Hour Division.
For more information, visit http://ogesdw.dol.gov/coming_soon.php.
You Might Also Like:
Why Chevron Reversal May Make Retirement’s ‘Most Cautious’ Players More Risk-Averse
ERISA experts also suggest that longer-term court rulings could lessen regulatory flip-flopping.
DOL’s ESG Rule Challengers Cite Chevron Reversal
Challengers of the rule that allows environmental, social and governance factors to be considered in investment decisions cited the overturning...
The DOL, the IRS and the Chevron Reversal
The Supreme Court’s Chevron reversal creates uncertainty for plan advisers and sponsors.