Employee Benefits Security Administration (EBSA)

Employee Benefits Security Administration (EBSA),

Definition of Employee Benefits Security Administration (EBSA):

  1. The Employee Benefits Security Administration (EBSA) oversees and enforces provisions of the Employee Retirement Income Security Act of 1974 (ERISA). As an agency of the Department of Labor (DOL), EBSA is charged with enforcing the rules governing the conduct of plan managers, the investment of plan assets, the reporting and disclosure of plan information, the fiduciary provisions of the law, and workers' benefit rights. Simply put, the Employee Benefits Security Administration acts as a watchdog against the inappropriate activities of pension managers.

  2. The Employee Benefits Security Administration helps educate and assist over 150 million U.S. workers, retirees and their families. Its purview covers nearly 700,000 retirement plans, some 2.2 million health plans and millions of welfare and benefit plans representing roughly $10 trillion in assets. For more, see EBSA: What We Do.

  3. A United States government division that is responsible for the enforcement of rules that govern the official conduct of plan managers and also has a focus on acting as a watch dog for any activities that are not appropriate with regard to pension plan management.

Meaning of Employee Benefits Security Administration (EBSA) & Employee Benefits Security Administration (EBSA) Definition