DOL Retirement Plan Non-Compliance Fines Up 33%

When plans are out of compliance--and according to Department of Labor data, the problem is getting bigger all the time--employers or their employees are stuck paying taxes and penalties. In 2013, the DOL collected $1.69 billion in fines, voluntary fiduciary corrections, and informal complaint resolutions, a 33 percent increase over 2012's $1.27 billion tab. Click here to continue reading.