DOL Beefing Up Enforcement Of Retirement Plans

Thursday, June 16, 2011 00:14
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DOL Beefing Up Enforcement Of Retirement Plans

Tags: retirement plans

Retirement planning officials take note: The Obama administration is ramping up enforcement efforts to combat the large number of retirement plans that it says are not compliant with retirement planning rules and regulations.
 

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The Department of Labor has stated that 77% of 401(k) plans are noncompliant in some form and the agency is adding employees to its enforcement division. It added
997 employees in 2009, 70% of whom were added to its enforcement division.
 
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