The Department of Labor (DOL) takes audits of employee plans very seriously. Over the past few years, the Employee Benefit Security Administration (EBSA) has increased its civil and criminal audits of plans and, in 2011, collected $1.39 billion in fines in the process. EBSA has recently added several hundred more auditors to its ranks to increase audits.
Continue Reading Department Of Labor Audit? Best Practices To Prepare And Protect Your Benefit Plan