A client was informed this morning by the company that performs its actuarial functions for benefit plans that the "enrolled actuary" that signed the client's 5500s for the last few years has been misrepresenting his professional credentials. In fact, this person is not an enrolled actuary.
Has anyone faced this situation before? Does the client need to amend its prior 5500 filings? Are there additional steps the client needs to take?
Thanks in advance