DOL Selects Summit to Support Program Evaluation and Develop Predictive Tools

October 5, 2016 (Washington, D.C.) – Summit Consulting (Summit) announces that the U.S. Department of Labor’s (DOL’s) Chief Evaluation Office (CEO) has selected the DC-based firm for two contracts to support the Employee Benefits Security Administration (EBSA) in its efforts to (1) evaluate the impact of the EBSA civil law enforcement program, and (2) develop business intelligence reporting tools based on a series of predictive models to inform investigative efforts.

Summit has been a trusted advisor to the U.S. Department of Labor’s CEO and EBSA offices for over six years, where it has provided statistical support and analytical expertise. Under the new contract, Summit will work with both offices to assess the impact of enforcement efforts and build tools to optimize agency resources in these enforcement efforts.

“We are excited to support EBSA and CEO in their efforts to protect the interests of participants and beneficiaries of benefit plans across the nation,” says Albert Lee, Ph.D., Summit’s Founding Principal and Expert Economist.

EBSA protects and secures retirement and welfare benefits for most private sector employee benefits plans. It administers and enforces the reporting, disclosure, and fiduciary requirements of Title I of the Employee Retirement Income Security Act of 1974 (ERISA) for various types of benefit plans, including health and pension plans. This oversight extends to over 680,000 retirement plans and approximately 2.3 million health plans.

About Summit:  
Summit is a specialized analytics advisory firm that guides Federal agencies, financial institutions, and litigators as they decode their most complex analytical challenges. Summit’s staff of economists, econometricians, and research scientists use quantitative techniques to assist our clients as they model risk, evaluate program performance, and predict future performance. 

At Summit, we solve complex analytical challenges with unparalleled customer service and extensive client collaboration. Our distinct capabilities include litigation analytics, program evaluation, applied statistics and economics, mortgage finance, health claims data analytics and training, and federal credit modeling and forecasting.