Tag: Employee Benefit Security Administration (EBSA)

A DOL investigation found the business owner used benefit plan contributions for corporate and personal expenses.

An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the House of Lights, himself and others for $1,308,862, which violated ERISA, for over two years.

The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.