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Guest amg49
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We are in the middle of a DOL audit and we are getting ready for the site visit. Has anyone gone through this? What types of questions are asked?

Posted
We are in the middle of a DOL audit and we are getting ready for the site visit. Has anyone gone through this? What types of questions are asked?

We've assisted clients on several over the years. I would recommend having legal counsel. Remember that technically it isn't an "audit" like the IRS. It is an investigation.

They will/can ask you anything about the plan and they will be very specific. The questions won't concern technical design aspects as much as protection of the assets in favor of the participants.

William C. Presson, ERPA, QPA, QKA
bill.presson@gmail.com
C 205.994.4070

 

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