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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Loan & Distribution Specialist AimPoint Pension
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Compass
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The DOL's Move to Increase ERISA Audits
Human Resource Executive Online Sept. 13, 2012
"The Department of Labor has announced that it plans to 'substantially increase the number of ERISA compliance audits it conducts each year.' That announcement may strike fear into the hearts of many HR professionals, particularly those responsible for this area.... The DOL conducts more than 3,000 audits each year, [says a consultant, who reports that] in 70 percent of the audits they find some sort of failure, either in the operation of the plan or in the interpretation of the plan provisions. There are exorbitant amounts of money fined against plan sponsors[.]'"
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