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