DOL Significantly Increases Some Penalties for ERISA Violations - McDermott Will & Emery

DOL Significantly Increases Some Penalties for ERISA Violations

Overview


Diane Morgenthaler, Alan Nesburg and David Diaz wrote this bylined article on new Department of Labor penalties on employers who violate certain ERISA reporting and disclosure rules. The authors urged plan sponsors to review their benefit plans for reporting and disclosure compliance, and to take advantage of any correction programs available to reduce penalties.