Health and Welfare Plan Audit
The DOL Storm is coming: Are Employers Ready?
Have you heard that the DOL expressed its goal to audit all employee benefit plans by the end of 2015? Are you as an employer prepared for a DOL audit? Are you aware of what an audit involves and the fines for non-compliance?
A health and welfare Plan audit is a review of documents and other Plan materials to ensure Plan Sponsors comply with federal law. This includes having and distributing the correct documents and administering those documents consistent with federal laws and regulations. ADOL Plan auditor reviews many things, each aimed at compliance or a host of fines for non-compliance.
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