Benefit Technology Vendors Management

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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Benefit Technology and Services Vendor Management