How do these agencies below impact the administration and enforcement of ERISA
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How do these agencies below impact the administration and enforcement of ERISA:
1) US Department of Labor (DOL)
2) Internal Revenue Service (IRS)
3) Pension Benefit Guaranty Corporation (PBGC)
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1. The DOL shares enforcement responsibilities with the Treasury and the IRS. One of their main responsibilities is regulation of the Joint Board for the Enrollment of Actuaries (i.e. the group that prepares certifying exams for the actuaries). Under Title IV of ERISA, the DOL is given authority to oversee voluntary termination of plans. Since employers must purchase annuity ...
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