Compliance Audits

The Department of Labor is conducting more compliance audits, and the fines for noncompliance can be steep. Are you prepared with all of the required documents and paperwork on hand?

A good benefits broker will teach you about the compliance requirements for your employee benefits plans, so you're ready for an audit. A wrap document includes most of the required forms, and you should have the rest easily accessible, with proof that you sent them to your employees and/or eligible participants.

Note: Actual policies must be consulted for specific terms and conditions.

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