ARE YOU PREPARED TO RESPOND TO A DEPARTMENT OF LABOR (DOL) AUDIT LETTER WITHIN 10 DAYS, INCLUDING ALL OF THE REQUIRED DOCUMENTATION?
IN 2019, THE EBSA (DOL) CRIMINAL INVESTIGATIONS LED TO THE INDICTMENT OF 76 INDIVIDUALS FOR OFFENSES RELATED TO EMPLOYEE BENEFIT PLANS.
IN 2019, THE DOL INVESTIGATED MORE THAN 201,000 PARTICIPANT INQUIRIES AND RECOVERED $510 MILLION IN BENEFITS ON BEHALF OF WORKERS THROUGH INDIVIDUAL COMPLAINTS.
PENALTY ASSESSMENTS – NOT BEING COMPLIANT WILL PUT AN EMPLOYER TO SIGNIFICANT PENALTIES, CIVIL FINES, LAWSUITS, IRS EXCISE TAXES, AND POSSIBLE REFERRALS TO THE IRS.

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DOL’s COVID-19 FAQ’s for Participants and Beneficiaries

https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/resource-center/faqs/covid-19.pdf

The Department of Labor (Department) is issuing these Frequently Asked Questions (FAQs) to help employee benefit plan participants and beneficiaries, as well as plan sponsors, and employers, impacted by the COVID-19 outbreak understand their rights and responsibilities under Title I of the Employee Retirement Income Security Act of 1974 (ERISA).

ARE YOU PREPARED TO RESPOND TO A DEPARTMENT OF LABOR (DOL) AUDIT LETTER WITHIN 10 DAYS, INCLUDING ALL OF THE REQUIRED DOCUMENTATION?

IN 2019, THE EBSA (DOL) CRIMINAL INVESTIGATIONS LED TO THE INDICTMENT OF 76 INDIVIDUALS FOR OFFENSES RELATED TO EMPLOYEE BENEFIT PLANS.

IN 2019, THE DOL INVESTIGATED MORE THAN 201,000 PARTICIPANT INQUIRIES AND RECOVERED $510 MILLION IN BENEFITS ON BEHALF OF WORKERS THROUGH INDIVIDUAL COMPLAINTS.

PENALTY ASSESSMENTS – NOT BEING COMPLIANT WILL PUT AN EMPLOYER TO SIGNIFICANT PENALTIES, CIVIL FINES, LAWSUITS, IRS EXCISE TAXES, AND POSSIBLE REFERRALS TO THE IRS.