Employee Benefits Security Administration (EBSA)

What Is the Employee Benefits Security Administration (EBSA)?

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 (EBSA) acts as a watchdog against the inappropriate activities of pension managers to ensure the safety of the assets of U.S. workers.

Understanding the Employee Benefits Security Administration

The Employee Benefits Security Administration (EBSA) helps educate and assist over 155 million U.S. workers, retirees, and their families. Its purview covers nearly 710,000 retirement plans, some 2.4 million health plans, and millions of welfare and benefit plans representing roughly $10.1 trillion in assets.

EBSA creates regulations and seeks to enforce them with the primary goal of ensuring that work-related benefits, such as retirement and health plans, are safeguarded. It also achieves this by educating all parties involved, such as plan sponsors, beneficiaries, and participants.

EBSA provides assistance to participants through Benefits Advisors, who help answer any questions and investigate and process any complaints. If a Benefits Advisor cannot resolve a complaint, then it goes to the enforcement group for review.

EBSA is also responsible for enforcing Title I of ERISA. The purpose of ERISA is to ensure that the retirement assets of U.S. workers are appropriately managed and protected. They achieve this through a variety of regulations that qualified plans must follow so that worker's assets are not invested or managed poorly.

Title II of ERISA is overseen by the Internal Revenue Service (IRS). This part of ERISA outlines the standards by which plans can receive beneficial tax treatment.

Employee Benefits Security Administration Organizational Structure

EBSA has dozens of regional and district field offices around the country. These offices conduct investigations into alleged violations of Title I of ERISA. Such offices also handle questions and complaints from pension plan administrators and the public.

The EBSA is led by the Assistant Secretary, who is appointed by the President and confirmed by the U.S. Senate. Under the assistant secretary are the Principal Deputy Assistant Secretary, the Deputy Assistant Secretary for national offices, and the Deputy Assistant Secretary for regional offices. 

The Employee Benefits Security Administration (EBSA) is divided into eight program offices. They are: