Science & Tech
Latest Advances
Financial Technology
Consumer Technology
Business Technology
Business & Financial
Financial Markets
Real Estate
Energy
Financial Services
Lifestyle & Health
Healthcare
Fashion & Travel
The Employee Benefits Security Administration (EBSA) has announced the recovery of nearly $1.4 billion in 2024 for employee benefit plans, participants, and beneficiaries. This significant sum reflects the agency’s ongoing efforts to safeguard retirement and health benefits for millions of workers across the United States.
The funds were recovered through a combination of enforcement actions, voluntary corrections by plan sponsors, and other compliance initiatives aimed at ensuring adherence to federal employee benefits laws. EBSA’s work has been critical in identifying and addressing issues such as mismanagement of plan assets, failure to meet fiduciary duties, and violations of disclosure requirements.
Key to the recovery efforts were EBSA’s investigations into plans that failed to comply with the Employee Retirement Income Security Act (ERISA). The agency reported successful enforcement actions that resulted in restitution to affected participants and improvements in plan management practices to prevent future violations.
“The EBSA remains committed to protecting workers and retirees by ensuring that benefit plans operate in compliance with the law,” said EBSA Assistant Secretary Lisa Gomez. “These recoveries demonstrate the importance of our oversight and the impact of our work on millions of Americans who rely on these benefits for their financial security.”
In addition to enforcement, EBSA emphasized its outreach and education efforts, which help plan sponsors and fiduciaries understand their responsibilities under ERISA. By promoting voluntary compliance and providing resources, the agency aims to reduce the risk of errors and protect the interests of plan participants.
The announcement underscores the critical role of regulatory oversight in maintaining the integrity of employee benefit plans. As the workforce continues to evolve, EBSA’s efforts to secure the rights and benefits of workers and retirees remain a cornerstone of its mission.
U.S. Retirement Assets Hit $45.8 Trillion — Why Smarter Plan Design Is Now a Strategic ImperativeAmerica’s retirement savings are growing — but so are the challenges of managing them effectively. According to new data from the Investment Company Institute (ICI), total U.S. retirement assets reached $45.8 trillion in Q2 2025, marking a 6% increase from the previous quarter. Of that total, defined contribution (DC) plans represent roughly $13 trillion, with 401(k)s comprising the lion’s share.
Falling Retirement Confidence: Why It’s Time to Redesign the 401(k)A new nationwide survey has revealed a worrying trend: only one-third of 401(k) participants now feel “very likely” to reach their retirement goals, down sharply from 43% just one year ago. The optimism that once fueled retirement saving is slipping away — replaced by anxiety over inflation, rising healthcare costs, and persistent market volatility.
New BlackRock Report Reveals Major Disconnect in Retirement Readiness — Time to Re-examine Your Plan DesignRetirement confidence is on the rise among American workers, but a new BlackRock study uncovers a striking disconnect between how employees view their financial preparedness and how employers see it. According to the report, 64% of workplace savers believe they are on track for retirement. Yet only 38% of employers agree that their employees are truly retirement-ready. On the surface, employee optimism might look encouraging — but dig deeper, and the numbers tell a different story.From cutting-edge reports on scientific and technological innovation to The nuances of Daily life, The U.S. Daily Journal brings together the latest, hottest and deepest news content in the world, allowing you to always grasp the pulse of The Times and feel the changes in the world. No matter where you are, you can find interesting news here and experience the fun of reading.