U.S. Employee Benefits Security Administration
Recent News About U.S. Employee Benefits Security Administration
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Sen Warren: “I am troubled that EBSA may be continuing to grant favors to the financial industry”
Sen. Elizabeth Warren (D-MA) has expressed her concerns in a letter to Assistant Secretary Lisa M. Gomez of the Employee Benefits Security Administration (EBSA) over the delay in finalizing proposed amendments to the Qualified Professional Asset Manager (QPAM) Exemption.
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Federal court sentences medical clinics’ co-founder to time served of 14 months in prison, orders $258K in restitution after Department of Labor fraud investigation
A federal court in Kentucky has sentenced the co-founder of several phony medical clinics in Louisville and Atlanta, who pleaded guilty to one felony count, after the U.S. Department of Labor found the operators collected $258,000 from 15 self-funded healthcare benefit programs for services they never provided.
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Department of Labor issues final rules on changes to 2023 Form 5500, Form 5500-SF Employee Benefit Plan reports
The U.S. Department of Labor, the IRS and the Pension Benefit Guaranty Corporation today released Federal Register notices that announce changes to the 2023 Form 5500 Annual Return/Report of Employee Benefit Plan and Form 5500-SF Short Form.
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US Department of Labor announces reopening of comment period on Voluntary Fiduciary Correction Program
The U.S. Department of Labor announced today that its Employee Benefits Security Administration will reopen the public comment period on amendments to its Voluntary Fiduciary Correction Program and the proposed amendment to the associated class Prohibited Transaction Exemption 2002-51.
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US Department of Labor recovers $6.3M for employee stock ownership plan participants after investigation finds manipulation of company share value
The U.S. Department of Labor has reached a settlement agreement with the fiduciaries of an Auburn, Maine, employee stock ownership plan to recover $6.3 million for the plan’s participants and resolve alleged violations of the Employee Retirement Income Security Act.
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US Department of Labor reports more than $1.4B in recoveries for employee benefit plans, participants, beneficiaries in fiscal year 2022
The U.S. Department of Labor announced today that enforcement and compliance actions by its Employee Benefits Security Administration recovered more than $1.4 billion for retirement, health and welfare benefits plans, participants and beneficiaries in fiscal year 2022.
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US Department of Labor releases informational copies of 2022 Form 5500 Series Annual Return/Report
The U.S. Department of Labor’s Employee Benefits Security Administration, the IRS and the Pension Benefit Guaranty Corp. today released informational copies of the 2022 Form 5500, Form 5500-SF, IRS Form 5500-EZ and their related instructions.
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US Department of Labor announces final rule to remove barriers to considering environmental, social, governance factors in plan investments
The U.S. Department of Labor today announced a final rule that allows plan fiduciaries to consider climate change and other environmental, social and governance factors when they select retirement investments and exercise shareholder rights, such as proxy voting.
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5 Good-Paying, Fast-Growing Careers in Sales
Following office and administrative support occupations, the second-largest occupational group in the 2021 economy was sales occupations.
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Building a Stronger Workforce and a Cleaner Environment
RecycleForce is a U.S. Department of Labor grantee committed to reducing crime through employment and job training, while improving the environment through electronics recycling. Since 2006, RecycleForce safely recycled more than 65 million pounds of electronic waste and provided job training to thousands of citizens returning to their communities from the justice system.
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October Jobs Report: Manufacturing Makes a Comeback
In October, the U.S. economy added 261,000 jobs, bringing the 3-month average to 289,000 jobs per month.
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National Apprenticeship Week 2022 is Here!
During this 8th Annual National Apprenticeship Week from Nov. 14-20, we celebrate the apprentices, employers, labor, industry, education and equity-focused partners, and the surrounding communities that make Registered Apprenticeships possible.
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Beyond the Bargaining Table: How Unions Help More Than Just Their Members
Labor unions help marginalized populations – and our communities more broadly – in ways you might not realize.
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This November, We Honor Healthcare Workers – and Continue Protecting Their Rights
Healthcare workers are the unsung heroines and heroes who care for those who can’t always take care of themselves – older adults, people with disabilities, children with special needs, and others.
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Workers, Do You Have Questions? We Have Answers.
Understanding your federal labor rights can be confusing. Answers to workplace questions can be hard to find—and are usually not all in one place. We aim to change that.
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Apprentice as a Mine Inspector
This year is the eighth annual National Apprenticeship Week, which brings together government, industry, labor, education and others to celebrate this alternative to formal education that provides paid, on-the-job training.
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Lifting Workers’ Voices and Strengthening Relationships
For more than two years, underserved workers across the country have been devastated by the COVID-19 pandemic, leaving many feeling abandoned and marginalized. Many of the most heavily affected are people of color – specifically Black and Hispanic workers – who have been disproportionately impacted by injuries and illnesses while on the job.
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Federal court orders Illinois home healthcare company, president, owner, to restore more than $85K to employee retirement plan
Federal court orders Illinois home healthcare company, president, owner, to restore more than $85K to employee retirement plan
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Federal court orders design firm and CEO to pay $540K to employee benefit plan after US Labor Department investigation finds overpayment for shares
A federal court judge has ordered TPP Holdings Inc., an Atlanta architecture and interior design firm operating as The Preston Partnership, LLC, and its CEO, Robert N. Preston, to restore $540,658 to TPP’s employee stock ownership plan (ESOP) following an investigation and litigation by the U.S. Department of Labor.
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Federal court orders Illinois home healthcare company, president, owner, to restore more than $85K to employee retirement plan
Federal court orders Illinois home healthcare company, president, owner, to restore more than $85K to employee retirement plan