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HomeLife InsuranceDOL: Over $1.4B for Advantages Plan Individuals Recovered in Fiscal 2022

DOL: Over $1.4B for Advantages Plan Individuals Recovered in Fiscal 2022


The Division of Labor stated Monday that enforcement and compliance actions taken by its Worker Advantages Safety Administration recovered greater than $1.4 billion for retirement, well being and welfare advantages plans, individuals and beneficiaries in fiscal 2022.

EBSA oversees roughly 747,000 retirement plans, 2.5 million well being plans and 673,000 different welfare profit plans, overlaying 152 million employees, retirees and dependents.

Lisa Gomez, assistant secretary of EBSA, stated the Labor division overseeing retirement plans is ”decided to guard the office advantages that our nation’s employees, retirees and beneficiaries have earned. Our leads to fiscal yr 2022 present our dedication to safeguarding the safety of the retirement, well being and different work-related advantages of America’s employees and their households.”

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