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Wage and hour settlements accounted for $1.2B of the total.
Labor Department hikes the penalties employers must pay by an average of 2%.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
Legislation would set up a new office, the Pension Rehabilitation Administration, within Treasury.
A pilot project last year put more pressure on plan administrators to find former employees—or their beneficiaries.
It's too soon for employers to breathe easy, even though the GOP plan doesn't specify employee benefit targets.
More than two-thirds cite a rise in the cost of compliance over the past year.