The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) released its updates and fact sheet for the fiscal year 2024. As a tax-qualified plan sponsor, there are implications and critical importance for ERISA compliance for plan fiduciaries and administrators. Plan sponsors should proactively review and update their plan practices to ensure adherence to ERISA requirements, thereby mitigating potential risks and liabilities. If you have any questions about ERISA compliance, Schechter Benefits Law Group LLP is here to help. We are San Diego County's largest law firm with a focus on employee benefits law. Contact our office today with any questions on how we can help you and your business employee benefit plans remain in compliance.