The end of the year is the usual point where the Department of Labor (DOL) Employee Security Administration reveals their work for the year and they’ve been quite busy, according to their published fact sheet.
In Fiscal Year 2021, EBSA recovered over $2.4 billion for plans, participants, and beneficiaries. EBSA closed 1,072 civil investigations with 741 of those cases (69%) resulting in monetary results for plans or other corrective action. EBSA opened 188 criminal investigations and closed 208 criminal investigations. 118 of the 188 criminal cases opened involved health benefit plans. EBSA’s criminal investigations led to the indictment of 72 individuals.