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DOL Enforcement Extremely Active During FY 2017; Terminated Vested Participant Investigations a High Priority
Morgan Lewis Link to more items from this source
Jan. 30, 2018
"[C]ompared to Fiscal Year 2016, total recoveries rose 42%, from $777.5 million in 2016 to $1.1 billion in 2017. This includes enforcement action recoveries, which nearly doubled from $352.0 million in 2016 to $682.3 million in 2017.... EBSA specifically notes that '[o]f the $682.3 million recovered in its investigations, EBSA helped terminated vested participants in defined benefit plans collect benefits of $326.7 million due and owing to them.' "

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