Employers have been virtually assured that a DOL audit is in the future. The questions are: What is a DOL audit and what can you do to prepare?
An Employer’s Nightmare: The Dreaded DOL Audit and Who is Doing Them
Rumor has it that the Department of Labor (DOL) has plans to audit all employee benefits plans by the end of 2015. It’s hard to believe that is even possible, especially considering the fact that the government is not exactly known for completing tasks on schedule, but the threat is still real enough to cause loss of sleep for most employers. And I think it’s safe to say that you don’t want to be the employer who assumes the DOL won’t make due on the threat – until they come knocking on your door. Continue reading