US Department of Labor announces Employee Benefits Security Administration recovered over $1.4B for workers, families, benefit plans

Summary:

The United States Department of Labor's Employee Benefits Security Administration (EBSA) has published a fact sheet outlining its enforcement activities for fiscal year 2023. During this period, EBSA recovered $1.4 billion in benefits for workers, with over half of this amount coming from enforcement actions. Additionally, the agency achieved several victories for workers and their families, including the elimination of illegal benefit plan provisions, improved fiduciary governance, and increased access to mental health benefits. These efforts ensure the integrity of the private employee benefit plan system and protect the rights and benefits of millions of workers, retirees, and dependents across the country.