DEFINITION of 'Employee Benefits Security Administration - EBSA'

A division of the Department of Labor (DOL) 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.

BREAKING DOWN 'Employee Benefits Security Administration - EBSA'

This is one of the divisions of the U.S. government that acts as a watchdog against the inappropriate activities of pension managers.

RELATED TERMS
  1. Department Of Labor (DOL)

    The Department of Labor is a U.S government cabinet body responsible ...
  2. Named Fiduciary

    The fiduciary that holds responsibility over a given financial ...
  3. Pension Plan

    A type of retirement plan, usually tax exempt, wherein an employer ...
  4. Division Of Investment Management

    The Division of Investment Management is a branch of the U.S. ...
  5. Employee Retirement Income Security ...

    The Employee Retirement Income Security Act of 1974 (ERISA) protects ...
  6. Division Of Enforcement

    The Division of Enforcement is a branch of the U.S. Securities ...
Related Articles
  1. Financial Advisor

    Just What Does the DoL Mean By 'Reasonable Cost'?

    The DoL's new fiduciary rule requires RIAs who work with retirement plans to provide services to clients at a reasonable cost. But what does that mean?
  2. Financial Advisor

    Why Fiduciary Rule is Good News for Small Plans

    Under the new fiduciary rule small business owners may be subject to less risk for the plans that they sponsor. Here's why.
  3. Financial Advisor

    How SEC and DOL Fiduciary Standards Could Differ

    SEC fiduciary standards could differ from what the DOL has proposed, causing more confusion about the impact of the rule.
  4. Financial Advisor

    The DoL Fiduciary Rule: What It's All About

    The new fiduciary rule is complicated but hopefully beneficial—for most. Here's some background and what is ahead for both advisors and clients.
  5. Financial Advisor

    RIAs: Here's What to Know About the Fiduciary Rule

    The real impact of the new Department of Labor bill has yet to be felt in the retirement industry, but changes are coming. Here's what to know.
  6. Financial Advisor

    DoL Fiduciary Rule May Face Legal Fight

    Now that the DoL's Fiduciary Rule has been released, it'll be subject to a legal fight by opponents. Here's an overview.
  7. Financial Advisor

    Planners: New DoL Rule Won't Require Much Change

    Financial experts are all atwitter about what to expect with the DoL's new fiduciary bill. As of now, here's what planners can expect to see with the bill.
  8. Managing Wealth

    5 Ways to Limit Your Fiduciary Liability

    Learn the best practices plan sponsors can use to limit their fiduciary liabilities while improving their plan's overall effectiveness.
  9. Retirement

    Employer Responsibility For Pension Plans

    Here is a look at the role employers play in 401(k) plans.
  10. Financial Advisor

    Fiduciary Rule: How Advisors Should Outsource Risk

    The impending fiduciary rule will lead to increased liability for many advisors but there are ways to outsource some of the risk that they take on.
RELATED FAQS
  1. What is fiduciary liability insurance, and what are its benefits?

    Understand what fiduciary liability insurance is, what companies or individuals can benefit from having it, and when it is ... Read Answer >>
  2. What are my main rights as a 401(k) plan participant?

    Learn how under ERISA, 401(k) plan participants are guaranteed several important rights, including protections of their plan ... Read Answer >>
  3. What information does my employer have to give me regarding my 401(k) plan?

    Obtain 401(k) plan information like a summary plan description, summary annual report and annual statement of account information ... Read Answer >>
  4. Who bears the investment risk in 401(k) plans?

    Who actually bears the investment risk in a pension plan depends on the type of pension plan that is employed. In a broad ... Read Answer >>
  5. I'm having trouble getting my former employer to distribute my 401(k) plan balance ...

    Your employer or the plan administrator for the 401(k) plan should have provided you with a copy of the 401(k) plan's summary ... Read Answer >>
  6. How is minimum transfer price calculated?

    Discover how to calculate the minimum transfer price for goods and materials that have been transferred between multiple ... Read Answer >>
Hot Definitions
  1. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  2. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  3. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  4. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  5. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  6. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
Trading Center