On Feb 1., BenefitsPRO published a story: At Labor,Regulators Rely on Advisor Tips for Enforcement. The headline, andsome of the story’s reporting, inaccurately interpreted the‘benefits advisors’ referenced in a DOL fact sheet asprivate-sector plan advisors. A reader pointed out this inaccuracy.The ‘benefits advisors’ referred to in the fact sheet are internalLabor employees who field inquiries, mostly from plan participants,that ultimately lead to plan investigations.

Not incidentally, BenefitsPRO sent an email to DOLrequesting clarification on that very question. It wasn't answered.We published our story based on our understanding of DOL’s factsheet. We are grateful to our astute audience for helping us tocontinue to accurately report benefits industrynews.

Last year, regulators at the Employee Benefits Security Administration, theLabor Department agency charged with regulating workplaceretirement and health plans, opened 617 new investigationsbased on tips fielded from internal benefits plan advisors at theagency.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.