Abandoned Plan Program News Today

EBSA will publish rules to open Abandoned Plan Program eligibility to Chapter 7 bankruptcy trustees.  

More than $500 million of the recoveries returned to defined benefit plan participants.

The amount is less than half of what it was 2020, when it started to decline.

The amount recovered from enforcement actions by the DOL's Employee Benefits Security Administration decreased for the second consecutive year.

At the end of each fiscal year, the US Department of Labor's (DOL's) Employee Benefits Security Administration (EBSA) compiles the monetary results it obtained through various initiatives...

At the end of each fiscal year, the US Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) compiles the monetary results it obtained through various...

Investigations led to over 16,000 defined benefit plan participants collecting more than $1.5 billion in owed benefits in fiscal 2021.

The Employee Benefits Security Administration recovered $2.4 billion for plans, participants and beneficiaries in FY 2021.

How to Find Unclaimed Retirement Benefits If youre missing a retirement plan from a previous employer, heres how you find it. This story originally appeared on SmartAsset.com. Many employers offer retirement benefits, and some will even match their employees’ contributions. However, most people leave employers several times throughout their careers. In leaving one job and taking on another, some employees forget to take their 401(k) or other retirement accounts with them. If there’s a chanc...