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ERISA Compliance Is Getting Harder, and the DOL is Getting Serious
MZQ Consulting, LLCLink to more items from this source
Feb. 24, 2021

"In 2020, the EBSA brought in over $3.1 billion through benefit plan enforcement action -- the most in agency history.... Meanwhile, fines for a wide variety of ERISA violations just went up.... In 2020 alone, the DOL conducted 1,122 formal ERISA civil investigations and closed 230 ERISA criminal investigations.... Over the past 12 months, the EBSA handled more than 171,000 employee benefit plan 'compliance inquiries.' "

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