DOL Increases ERISA Penalties for 2020

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DOL Department Of Labor

On January 15, 2020, consistent with its policy of annual adjustment, the DOL published its final rule adjusting ERISA’s civil monetary penalties for 2020. The adjustments are non-discretionary (and therefore not subject to a notice and comment period) and based on the consumer price index from October of 2019. There are five penalty increases of particular importance to employers.

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