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Take a deep breath and calm down! There are several common mistakes employers make that could generate an audit of their employee benefit plan. In some cases it could be just random due to the industry, geography, or plan type. Nevertheless, let’s discuss who is auditing you, the process of the audit, what the documentation they can request and what they are targeting.
WHO is Auditing your Employee Benefit Plan?
You can give the special thanks to the Employee Benefits Security Administration (EBSA), which is part of the Department of Labor (DOL). The Employee Benefits Security Administration enforces the… Continue reading