Compass
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Text of DOL Inspector General Report to Congress, Including Findings and Recommendations for EBSA (PDF)
Office of Inspector General [OIG] for the U.S. Department of Labor [DOL] Jan. 10, 2022 116 pages. "OIG continues to recommend the following legislative actions: [1] Repeal ERISA's limited-scope audit exemption.... [2] Expand the authority of [EBSA] to correct substandard benefit plan audits and ensure that auditors with poor records do not perform additional plan audits.... [3] Require direct reporting of ERISA violations to DOL ... [4] Strengthen criminal penalties.... The OIG remains concerned over [EBSA's] ability to protect the benefit plans of about 158 million workers, retirees, and their families under [ERISA]. In particular, the OIG is concerned about the statutory limitations on EBSA's oversight authority and inadequate resources to conduct compliance and enforcement." |
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