The Employee Benefits Security Administration (EBSA), part of the Department of Labor (DOL), in a just-released Fact Sheet says its enforcement activities in fiscal year 2014 restored $599.7 million to employee benefit plans, participants and beneficiaries.
EBSA is tasked with watchdog duties for the Employee Retirement Income Security Act (ERISA).
In FY 2014, the agency said it closed 3,928 investigations that led to the indictment of 106 persons for crimes related to employee benefit plans, all part of its enforcement efforts that led to the recovery of nearly $600 million. As part of that sum, EBSA closed more than 213,000 complaint inquiries, reaping $356.2 million in benefits for workers and their families, the Fact Sheet avers.
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