United States:
DOL Health & Welfare Plan Audit Response And Protection: Reducing Risk Exposure To Avoid Costly Penalties
20 April 2017
McDermott Will & Emery
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In a recent presentation, McDermott attorneys discussed how to
prepare responses for a Department of Labor (DOL) investigative
audit of a company's health and welfare plan, including
required documentation and procedures, DOL audit triggers, and key
legal provisions that employers and employee benefits advisers
should monitor regularly and review prior to responding to a DOL
audit notification. One DOL survey found that nearly one-third of
all health and welfare plan audits resulted in penalties in excess
of $10,000 per examination. Employers and employee benefits
advisers should evaluate and anticipate DOL audit risks and
preemptively remedy potential defects to avoid painful and
expensive assessments.
View the presentation slides here.
DOL Health & Welfare Plan Audit Response And Protection:
Reducing Risk Exposure To Avoid Costly Penalties
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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