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Employee Benefits Security Administration (EBSA)


Self Description

Third-Party Descriptions

June 2011: 'The Labor Department claims to have no strong feelings on the appropriateness of revenue sharing. “I’m not sure we have any opinion on this,” said Phyllis C. Borzi, the assistant secretary of labor who oversees the department’s Employee Benefits Security Administration. “We surely don’t have one right now. Whether over the long term we might have one is not clear.”'

http://www.nytimes.com/2011/06/11/your-money/401ks-and-similar-plans/11money.html

Relationships

RoleNameTypeLast Updated
Owned by (partial or full, past or present) Department of Labor/Labor Department (DOL) Organization May 16, 2005
Status/Name Change from Pension and Welfare Benefits Administration (PWBA) Organization May 16, 2005
Organization Head/Leader (past or present) Prof. Phyllis Corrine Borzi Esq. Person Jun 11, 2011

Articles and Resources

Date Fairness.com Resource Read it at:
Jun 10, 2011 Revealing Hidden Costs of Your 401(k) (Your Money)

QUOTE: the costs are embedded in the expenses of many of the mutual funds you pick. In a practice known as revenue sharing, fund companies refund some of the expenses to the service provider running your plan to pay for its administrative costs....people with higher balances and higher expense ratios on their investments end up subsidizing their fellow workers.

 New York Times
Dec 31, 2001 Top 10 Ways To Make Your Health Benefits Work for You

QUOTE: The Department of Labor's Pension and Welfare Benefits Administration (PWBA) administers serveral important health benefit laws covering employer-based health plans, which govern your basic rights to information about how your health plan works, how you qualify for benefits and how to make claims for benefits.

 US Federal Government