EBSA releases 2022 enforcement tall

The Department of Labor’s Employee Benefits Security Administration, announced their enforcement tally by claiming they recovered $1.4 bilion for fiscal year 2022. That contrasts with EBSA recovering $2.4 billion in 2021, and in 2020, a record $3.1 billion for plan participants. EBSA closed 907 civil investigations in 2022, with 595 of those cases resulting in monetary results for plans or other corrective actions. There were 103 criminal indictments.

Most of the money, $931 million, was regained through enforcement actions and investigations. $542 million was given to terminated vested defined benefit plan participants.

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