Serving as a cautionary tale for employers and their benefit advisers, the Department of Labors increased efforts to investigate criminal activity with regards to employee benefit plans continued in fiscal 2014, including the indictment of 106 individuals.
The DOLs Employee Benefits Security Administration closed 365 criminal investigations in fiscal 2014, representing a nearly 30% increase since fiscal 2010. EBSA's criminal investigations, including its participation in criminal investigations with other law enforcement agencies, led to the indictment of 106 individuals including plan officials, corporate officers and service providers for offenses related to employee benefit plans, according to a recently released DOL fact sheet.
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