Financial Services Industry
Industry: Email Alert RSS FeedDOL cracks down on service providers. (US Department of Labor)
National Underwriter Property & Casualty-Risk & Benefits Management, October, 1989 by Howard, Lisa S.
DOL Cracks Down On Service Providers SAN DIEGO, Calif.--Once it perceives an abuse of an employee benefit plan, the U.S. Department of Labor has the right to go after "any and all of the abusing pockets," said a DOL official. The entities under the most intense scrutiny by the DOL are the service providers to welfare plans--much more so than the plans themselves, said Sherwin S.
Kaplan, counsel for fiduciary litigation, for the DOL in Washington, D.C. "As is true of every part of the federal government, we have limited resources. We simply do not have the people to investigate hundreds of small plans," said Mr. Kaplan, who spoke here before the ninth annual conference of the Self-Insurance Institute of America, based in Santa Ana, Calif. It is more...
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