Labor Department actions recoup $1.4 billion owed to benefit plans in 2022

The Employee Benefits Security Administration, part of the Labor Department, recovered $1.4 billion for the benefit of plan participants through various programs, for fiscal year 2022, reports Plansponsor. The amount restored has been declining for the past few years: In FY 2021, EBSA recovered $2.4 billion, and in FY 2020, a record $3.1 billion for plan participants. The bulk of the money, $931 million, was regained through enforcement actions and investigations.