The 51 Essential Things to Prepare For
An audit (or investigation) by the Department of Labor (DOL) can be an employer nightmare. Why? Because in March 2010, the DOL announced a joint initiative with the IRS to improve enforcement of workplace laws.
Since then, the results are astonishing. DOL audits have resulted in more than $15 billion in fines over the last 10 year average. With a committed budget for on-going enforcement, DOL audits occur regularly for firms as small as 2 employees.
With more than 20 major categories, each with their own sub-points, the increased scope of these joint DOL/IRS audits now goes beyond just ERISA law and can often take months (and up to two years) to complete.
A few reasons the DOL will identify your organization for an audit:
No matter the reason, if you’re not prepared, a DOL audit carries significant risk.
Preparing in advance of a DOL audit can save you thousands of dollars:
This FREE 51 point checklist gives you a detailed glimpse into what the DOL looks for as part of their audit process. It covers:
51 Essential Things To Have Before a DOL Audit
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