Employee Benefits Security Administration


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Employee Benefits Security Administration

An agency under the U.S. Department of Labor responsible for enforcing the Employee Retirement Income Security Act. Specifically, EBSA enforces a number of regulations designed to ensure that employers and other involved parties do not misuse the funds entrusted to them in retirement accounts. Among other provisions, EBSA requires retirement account managers to provide information to account holders on a regular basis. It also enforces standards for managers' use of discretionary authority. Until 2003, EBSA was known as the Pension and Welfare Benefits Administration, and before 1986 it was the Pension and Welfare Benefits Program.
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Some changes will be granted, Timothy Hauser, deputy assistant secretary for DOL's Employee Benefits Security Administration, said during a meeting of the SEC's Investor Advisory Committee in late July.
He also will assist in examining ERISA, HIPPA COBRA and the Women's Heath and Cancer Rights Act, all areas that may be subject to an Employee Benefits Security Administration (EBSA) audit.
This seventh edition discusses current developments such as the Patient Protection and Affordable Care Act of 2010, proposed regulations issued by the Employee Benefits Security Administration, recent Supreme Court decisions, and IRS rulings.
Much anticipated interim final rules for "grandfathered" health plans were jointly issued by the Internal Revenue Service, the Labor Department's Employee Benefits Security Administration, and the Office of Consumer Information and Insurance Oversight in the Department of Health and Human Resources this week.
The Department of Labor's Employee Benefits Security Administration (EBSA), within the Department of Labor, enforces ERISA Title I requirements, which include minimum plan standards for participation; vesting and accrual of benefits; and fiduciary responsibility requirements respecting the exercise of any discretion, control, or management of the plan or its assets.
html, or call the Employee Benefits Security Administration at 866444-3272).
According to the Semi-Annual Regulatory Agenda released by the DOL Employee Benefits Security Administration in fall 2009, proposed investment advice regulations are expected to be issued soon.
This chapter will review the administration and enforcement of the civil provisions of ERISA, from the individual participant benefits dispute through the investigation and enforcement procedures of the Employee Benefits Security Administration (EBSA) to the administration and enforcement of the plan termination insurance provisions of ERISA and the Pension Benefits Guaranty Corporation (PBGC).
Free copies of the companion booklet, "Choosing a Retirement Solution for Your Small Business," are available through the Employee Benefits Security Administration at:
The "Insider's Guide to DOL Audits," published by Aspen, is a loose-leaf reference targeted to legal and related professionals involved with private employee benefit plans that are subject to audit by the Employee Benefits Security Administration of the Department of Labor.
The DOL's Employee Benefits Security Administration enforces the Employee Retirement Income Security Act of 1974 (ERISA), which sets certain minimum standards for private sector pension plans.
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