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.
References in periodicals archive ?
The contribution of 177 million shares of GM Class E stock, which pay dividends based on the profits of EDS, requires approval by the Department of Labor's Pension and Welfare Benefits Administration.
To date, says the Labor Department's Pension and Welfare Benefits Administration, over 100,000 such pension plans cover 19 million people.
The Department of Labor's Pension and Welfare Benefits Administration, the Internal Revenue Service and the Pension Benefit Guaranty Corporation have released information copies of the Form 5500 return/reports, schedules and instructions to be used by employee benefit plans for plan year 2000 filings.
Olena Berg, assistant secretary of labor for the Pension and Welfare Benefits Administration, recently commented on the trends in U.
NCS) (Nasdaq:NLCS) announced today that the Department of Labor Pension and Welfare Benefits Administration (PWBA) has selected NCS to develop and operate the Employee Retirement Income Security Act (ERISA) Filing Acceptance System (EFAST), which collects data regarding employee benefit and retirement plans.